Fenced Auto Shop with Hydraulic
For Sale
$450,000
460 68TH AVENUE, Ocala, FL 34482
Fenced commercial shop with office, full bath, fabrication power, and gated yard.
Property Size1,500 SF
Lot Size1.00 Acre
Price / SF$300
Days on Market812
Property Features for 460 68TH AVENUE
General Information
Standard status
Active
Size
1,500 SF
Lot size
1.00 Acre
Property subtype
Business Opportunities
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Power
600 amps
Three-Phase Power
No
Additional Details
Service Bays
2
Taxes and HOA fees
Annual Taxes
$2,303
Amenities
fenced/sliding gate lot
block garage
overhang
2 hydraulic lifts
block office building with front entrance and full bath/shower
storage container unit
concrete pad
carport space
600AMP 3/0 single phase electrical power
3
146x298
Asphalt.
Building Details
Year Built
1992
Stories
1
Construction
block
Listing Agency:
PEGASUS REALTY & ASSOC INC
(352) 629-4505
Listed By:
Lena B Sandlin · License #3523858
Source:
Xome
Added: May 15, 2024
Changed: Aug 3
Last Checked: Aug 4 at 4:13AM
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 PEGASUS REALTY & ASSOC INC
Investment Insights
Based on property information with market context.
This auto shop includes a block garage with an overhang, two hydraulic lifts rated at 10,000 and 12,000 pounds, and a separate block office building with a front entry and full bath with shower. The property is currently used for garage, fabrication, and repair operations. Additional improvements include a storage container, concrete pad, and carport area for parking or storage.
The approximately 1-acre site is enclosed and secured by a sliding gate, with asphalt surfacing and 146x298 dimensions. Located just off US Highway 40 near Ocala Armory and Bob’s Brakes, the property has 600AMP 3/0 electrical service along with single-phase power for welding and fabrication. Built in 1992.
The approximately 1-acre site is enclosed and secured by a sliding gate, with asphalt surfacing and 146x298 dimensions. Located just off US Highway 40 near Ocala Armory and Bob’s Brakes, the property has 600AMP 3/0 electrical service along with single-phase power for welding and fabrication. Built in 1992.
Key Highlights
- Approximately 1‑acre fenced site with sliding gate
- Two hydraulic lifts rated at 10,000 and 12,000 pounds
- 600AMP 3/0 electrical service with single‑phase welding/fabrication power
Financial Insights For Retail
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 | $55.6k | $37.08 |
| − Vacancy | −$1.7k | −$1.15 |
| EGI | $53.9k | $35.93 |
| − OpEx | −$16.2k | −$10.78 |
| NOI | $37.7k | $25.15 |
1,500 SF · lease $37.08/SF/yr · vacancy 3.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$539.0K
$471.6K – $628.8K
NOI $37,727 @ 7.0% cap · market cap 8.38%
Second Best
Industrial
$245.8K
$215.1K – $286.8K
NOI $17,207 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$819.1K
$716.7K – $955.6K
NOI $57,338 @ 7.0% cap · market cap 12.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Service bays
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34482, FL
23,565
Population
9,553
Households
2.5
Avg Household Size
48
Median Age
22%
College-Educated
85%
High-School Grad
93.0 sq mi
ZIP Area
253
Density / Sq Mi
$71,449
Median Household Income
$37,492
Median Earnings
$861
Median Rent
$247,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Affordable mechanics — NW 65th Pl, Ocala, FL 34482
Frequently Asked Questions
What type of property is this?
Auto shop - Fenced commercial shop with office, full bath, fabrication power, and gated yard.
Where is this auto shop located?
The property is located at 460 68TH AVENUE Ocala, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Approximately 1‑acre fenced site with sliding gate; Two hydraulic lifts rated at 10,000 and 12,000 pounds; 600AMP 3/0 electrical service with single‑phase welding/fabrication power
