Move-in Ready Ocala Palms
For Sale
Contact for pricing
5110 NW 19th Pl, Ocala, FL 34482
Updated 2-bedroom home in Ocala Palms 55+ community.
Property Size1,177 SF
Price / SF$165.68
Days on Market213
Property Features for 5110 NW 19th Pl
General Information
Standard status
Active
Size
1,177 SF
Class
A
Property subtype
Senior Living
Listing Agency:
Bill Rodgers Realty
(352) 351-3630
Listed By:
Lance Schenker · License #FL 3047977
Source:
Crexi
Added: Jan 26
Changed: Aug 25
Last Checked: Aug 26 at 7:30PM
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 Bill Rodgers Realty
Investment Insights
Based on property information with market context.
Located in the gated Ocala Palms 55+ Community, this move-in ready home features 2 bedrooms and 2 bathrooms within its 1,177 sq ft concrete block structure. The property has been updated with luxury vinyl plank flooring in 2024, a new roof in 2022, and an A/C replacement in 2018. The layout is open and bright, featuring a spacious kitchen and a walk-in pantry. Residents can access resort-style amenities, including an 18-hole championship golf course, indoor and outdoor pools, a fitness center, and a 19,000 sq ft clubhouse with various clubs and activities. The property is located minutes from I-75, shopping, dining, and medical facilities.
Key Highlights
- Move‑in ready home in a gated 55+ community (Ocala Palms) with resort‑style amenities.
- New roof (2022) and new luxury vinyl plank flooring (2024), A/C replaced (2018).
- Access to an 18‑hole championship golf course, indoor and outdoor pools, fitness center, and a 19,000 sq ft clubhouse.
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
$17,105
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
8.77%
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%
$342,100
$342.1K
Cap Rate 7%
$244,357
$244.4K
Cap Rate 9%
$190,056
$190.1K
Market Conditions
NOI Build-Up for 1,177 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
$33.2K $28.20/SF
− Vacancy
−$2.1K −$1.78/SF
EGI
$31.1K $26.42/SF
− OpEx
−$14.0K −$11.89/SF
NOI
$17.1K $14.53/SF
Area
Marion County, FL
Vacancy
6.30%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
45.00%
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%
$342,100
Cap Rate 7%
$244,357
Cap Rate 9%
$190,056
Alternative Uses
Best Use
Apartment 5plus
$244.4K
$213.8K – $285.1K
NOI $17,105 @ 7.0% cap · market cap 8.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$642.7K
$562.4K – $749.9K
NOI $44,991 @ 7.0% cap · market cap 23.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Under-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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Updated 2-bedroom home in Ocala Palms 55+ community.
Where is this senior housing / retirement home located?
The property is located at 5110 NW 19th Pl Ocala, FL.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Move‑in ready home in a gated 55+ community (Ocala Palms) with resort‑style amenities.; New roof (2022) and new luxury vinyl plank flooring (2024), A/C replaced (2018).; Access to an 18‑hole championship golf course, indoor and outdoor pools, fitness center, and a 19,000 sq ft clubhouse.
