Warehouse Flex Building with
4450 S Pine Ave Ocala, FL 34480
New
For Sale
$1,600,000
Flex warehouse on B-4 zoned land with dock-high doors, drive-in bays, office space, and a fenced rear yard.
Property Size12,000 SF
Lot Size0.77 Acres
Price / SF$133.33
Days on Market4
Property Features for 4450 S Pine Ave
General Information
Standard status
Active
Size
12,000 SF
Lot size
0.77 Acres
Property subtype
Industrial - Warehouse/Distribution
Building Details
Year Built
1958
Listing Agency:
Boyd Real Estate Group
(813) 478-1735
Listed By:
Erin Freel · License #3431257
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 29 at 4:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Boyd Real Estate Group
Investment Insights
Based on property information with market context.
Flex warehouse property set on B-4 zoned land along Hwy 441/S Pine Ave. The building spans two parcels and is available for immediate occupancy.
The facility includes a functional office component, two dock-high doors at the front, and two drive-in bay doors (one front and one side). A fenced rear yard provides space for outdoor storage, equipment staging, or contractor use.
All windows have been recently replaced, and the landlord is open to tenant improvement allowances. The property is also described as estimated NNN $2.05, and the owner would entertain a sale option.
The facility includes a functional office component, two dock-high doors at the front, and two drive-in bay doors (one front and one side). A fenced rear yard provides space for outdoor storage, equipment staging, or contractor use.
All windows have been recently replaced, and the landlord is open to tenant improvement allowances. The property is also described as estimated NNN $2.05, and the owner would entertain a sale option.
Key Highlights
- 12,000 ± SF warehouse/flex building on 0.77 acres of B‑4 zoned land along Hwy 441 / S Pine Ave.
- Loading includes 2 front dock‑high doors plus 2 drive‑in bay doors (one front, one side).
- Functional office component included within the warehouse/flex layout.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $205.9k | $17.16 |
| − Vacancy | −$9.3k | −$0.77 |
| EGI | $196.7k | $16.39 |
| − OpEx | −$59.0k | −$4.92 |
| NOI | $137.7k | $11.47 |
12,000 SF · lease $17.16/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$2.39M
$2.09M – $2.79M
NOI $167,156 @ 7.0% cap · market cap 10.45%
Second Best
Industrial
$1.97M
$1.72M – $2.29M
NOI $137,658 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$6.55M
$5.73M – $7.65M
NOI $458,703 @ 7.0% cap · market cap 28.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse on B-4 zoned land with dock-high doors, drive-in bays, office space, and a fenced rear yard.
Where is this flex space located?
The property is located at 4450 S Pine Ave Ocala, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 12,000 ± SF warehouse/flex building on 0.77 acres of B‑4 zoned land along Hwy 441 / S Pine Ave.; Loading includes 2 front dock‑high doors plus 2 drive‑in bay doors (one front, one side).; Functional office component included within the warehouse/flex layout.
