Climate-Controlled
New
For Sale
$955,000
483 NW 68TH, Ocala, FL 34482
M-1-zoned industrial property combines conditioned office and warehouse areas with secured site access and backup power.
Property Size4,000 SF
Lot Size1.00 Acre
Price / SF$238.75
Days on Market3
Property Features for 483 NW 68TH
General Information
Standard status
Active
Size
4,000 SF
Lot size
1.00 Acre
Property subtype
Industrial
Zoning
M-1
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
3,000 SF
Office Build-Out
1,000 SF
Three-Phase Power
No
Conditioned Warehouse
Yes
Taxes and HOA fees
Annual Taxes
$4,470
Amenities
backup generator
security system with cameras
high-speed Ocala fiber internet
Building Details
Building Size
4,000 SF
Year Built
1997
Buildings
1
Construction
metal
Listing Agency:
Ellison Realty, Inc.
(352) 816-0887
Listed By:
Darla Priest · License #0476492
(352) 816-0887
Source:
Elliman
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 28 at 5:03AM
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 Ellison Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 1997, this 4,000 SF metal warehouse occupies a secure, fenced 1-acre site and is configured for combined office and industrial operations. Approximately 1,000 SF is dedicated to office space with heating and air-conditioning, while the remaining 3,000 SF provides open, air-conditioned warehouse area.
The property includes a backup generator, single-phase power, camera-based security, and high-speed Ocala fiber internet. SECO electric service, a private well, and septic support the site. Recent capital work includes exterior painting and roof resealing completed in 2024; the roof had previously received foam-lock sealing in 2015. M-1 zoning supports light industrial, warehouse, distribution, and commercial uses.
The property includes a backup generator, single-phase power, camera-based security, and high-speed Ocala fiber internet. SECO electric service, a private well, and septic support the site. Recent capital work includes exterior painting and roof resealing completed in 2024; the roof had previously received foam-lock sealing in 2015. M-1 zoning supports light industrial, warehouse, distribution, and commercial uses.
Key Highlights
- 4,000 SF metal warehouse on a 1‑acre site
- Approximately 1,000 SF of heated and air‑conditioned office space
- 3,000 SF of open warehouse area under air‑conditioning
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
Lease Details
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Well-served
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?
Warehouse - M-1-zoned industrial property combines conditioned office and warehouse areas with secured site access and backup power.
Where is this warehouse located?
The property is located at 483 NW 68TH 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 warehouse on a 1‑acre site; Approximately 1,000 SF of heated and air‑conditioned office space; 3,000 SF of open warehouse area under air‑conditioning
