Commercial Lot with
460 NW 68TH AVENUE Ocala, FL 34482
For Sale
$450,000
One-acre commercial lot with garage and hydraulic lifts.
Property Size2,402 SF
Lot Size1.00 Acre
Price / SF$187.34
Days on Market802
Property Features for 460 NW 68TH AVENUE
General Information
Standard status
Active
Size
2,402 SF
Lot size
1.00 Acre
Property subtype
Commercial/Industrial
Building Details
Year Built
1992
Listing Agency:
PEGASUS REALTY & ASSOC INC
(352) 789-5553
Listed By:
Lena Sandlin · License #3523858
(352) 789-5553
Source:
Exitrealty
Added: May 18, 2024
Changed: Jul 6
Last Checked: Jul 27 at 4:35AM
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 one-acre industrial commercial lot features a fenced perimeter with a sliding gate. The property includes a block garage with an overhang and two hydraulic lifts, one with a 10,000 lb capacity and another with a 12,000 lb capacity. Currently used as a garage, fabrication, and repair shop, the property is located off US Highway 40, near the Ocala Armory and Bob’s Brakes. A block office building with a front entrance and full bath/shower is on site, along with a storage container unit, concrete pad, and carport space for parking and storage. The property has ample electrical power with 600 AMP 3/0 and single-phase welding/fabrication capabilities. The 2,402 square foot property is suitable for starting a new business or relocating an existing one, ideal for car, welding, land clearing, or business fleet operations. The owner will consider a long-term lease of 3-5 years to a qualified individual or business.
Key Highlights
- 1‑acre fenced lot with sliding gate access.
- Block garage with overhang and two hydraulic lifts (10,000lb and 12,000lb).
- Prime location right off US Highway 40.
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 | $41.2k | $17.16 |
| − Vacancy | −$1.9k | −$0.77 |
| EGI | $39.4k | $16.39 |
| − OpEx | −$11.8k | −$4.92 |
| NOI | $27.6k | $11.47 |
2,402 SF · lease $17.16/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$863.1K
$755.2K – $1.01M
NOI $60,414 @ 7.0% cap · market cap 13.43%
Second Best
Industrial
$393.6K
$344.4K – $459.2K
NOI $27,554 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,817 @ 7.0% cap · market cap 20.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- PatRick's Auto & Truck Repair — 119 NW 68th Ave, Ocala, FL 34482
- Bob's Tire & Brake — 6847 fl-40, ocala, fl 34482
- PJ Power Inc. — 483 NW 68th Ave, Ocala, FL 34482
- Marion Tire — 486 NW 68th Ave, Ocala, FL 34482
Frequently Asked Questions
What type of property is this?
Auto shop - One-acre commercial lot with garage and hydraulic lifts.
Where is this auto shop located?
The property is located at 460 NW 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: 1‑acre fenced lot with sliding gate access.; Block garage with overhang and **two hydraulic lifts (10,000lb and 12,000lb)**.; **Prime location right off US Highway 40**.
