Climate-Controlled Flex
For Sale
$955,000
483 68TH AVENUE, Ocala, FL 34482
Air-conditioned flex space combines office and open warehouse areas with M-1 zoning.
Property Size4,000 SF
Price / SF$238.75
Days on Market11
Property Features for 483 68TH AVENUE
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Business Opportunities
Taxes and HOA fees
Annual Taxes
$4,470
Amenities
Central Air
3
Cul-De-Sac.
Shared Driveway.
144 X 302
Cul-De-Sac, Paved Road.
Building Details
Year Built
1997
Listing Agency:
COLDWELL BANKER ELLISON REALTY O
(352) 732-8350
Listed By:
Darla Priest · License #0476492
Source:
Xome
Added: Aug 22
Changed: Aug 31
Last Checked: Aug 31 at 3:28PM
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 COLDWELL BANKER ELLISON REALTY O
Investment Insights
Based on property information with market context.
This 4,000 SF metal flex building includes approximately 1,000 SF of heated and air-conditioned office space alongside 3,000 SF of open warehouse area. The warehouse is served by two window air-conditioning units, while the property also includes a backup generator, security cameras, single-phase power, and high-speed Ocala fiber internet. Exterior painting and roof resealing were completed in 2024.
Positioned on a secure, fenced 1-acre site at 483 68TH AVENUE in Ocala, the property has M-1 zoning and sits along a paved road in a cul-de-sac setting. Utilities include SECO electric service, a private well, and septic. The 144 X 302 site configuration and shared driveway provide a practical setting for industrial, warehouse, distribution, and commercial operations supported by the zoning designation.
Positioned on a secure, fenced 1-acre site at 483 68TH AVENUE in Ocala, the property has M-1 zoning and sits along a paved road in a cul-de-sac setting. Utilities include SECO electric service, a private well, and septic. The 144 X 302 site configuration and shared driveway provide a practical setting for industrial, warehouse, distribution, and commercial operations supported by the zoning designation.
Key Highlights
- 4,000 SF metal flex building with approximately 1,000 SF of office and 3,000 SF of open warehouse space
- Full 1‑acre fenced site with a 144 X 302 configuration
- M‑1 zoning supports light industrial, warehouse, distribution, and commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,719
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,114,380
$1.1M
Cap Rate 7%
$795,986
$796.0K
Cap Rate 9%
$619,100
$619.1K
Market Conditions
NOI Build-Up for 4,000 SF
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.
Gross rent
$68.6K $17.16/SF
− Vacancy
−$3.1K −$0.77/SF
EGI
$65.6K $16.39/SF
− OpEx
−$9.8K −$2.46/SF
NOI
$55.7K $13.93/SF
Area
Marion County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,114,380
Cap Rate 7%
$795,986
Cap Rate 9%
$619,100
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.72M
NOI $103,440 @ 7.0% cap · market cap 10.83%
Second Best
Warehouse
$796.0K
$696.5K – $928.7K
NOI $55,719 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,901 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Air-conditioned flex space combines office and open warehouse areas with M-1 zoning.
Where is this flex space located?
The property is located at 483 68TH AVENUE Ocala, FL.
What is the asking price?
The asking price for this property is $955,000.
What are key features of this property?
This property features: 4,000 SF metal flex building with approximately 1,000 SF of office and 3,000 SF of open warehouse space; Full 1‑acre fenced site with a 144 X 302 configuration; M‑1 zoning supports light industrial, warehouse, distribution, and commercial uses
