Tenant-Occupied Quadplex
For Sale
$499,000
5160 SE 29th Street, Ocala, FL 34480
Tenant-occupied quadplex in Ocala’s Whispering Sands Community, offering four residential units in a car-dependent area.
Property Size3,066 SF
Price / SF$162.75
Days on Market90
Property Features for 5160 SE 29th Street
General Information
Standard status
Active
Size
3,066 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
4
Building Details
Year Built
1980
Tenancy
Multi
Listing Agency:
UNLOCK REALTY GROUP INC
(352) 462-8884
Listed By:
John Amerson · License #3051727
Source:
Realtygroupfl
Added: May 30
Changed: Aug 24
Last Checked: Aug 26 at 9:15AM
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 UNLOCK REALTY GROUP INC
Investment Insights
Based on property information with market context.
This for-sale quadplex offers four residential units and is currently tenant occupied. The property is located within the Whispering Sands Community in southeast Ocala, FL.
The area is described as car-dependent, with a bike score of 30 and a walk score of 8, along with minimal transit as reflected by the provided transit score of 19. The listing notes proximity to major employers.
For buyers seeking a residential income property with four units already in place, this quadplex provides an opportunity to acquire an occupied asset in the Whispering Sands Community.
The area is described as car-dependent, with a bike score of 30 and a walk score of 8, along with minimal transit as reflected by the provided transit score of 19. The listing notes proximity to major employers.
For buyers seeking a residential income property with four units already in place, this quadplex provides an opportunity to acquire an occupied asset in the Whispering Sands Community.
Key Highlights
- Quadplex in SE Ocala in the Whispering Sands Community
- Built in 1980
- Four residential units (quadplex) with tenants in place
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
$44,558
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
8.93%
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%
$891,160
$891.2K
Cap Rate 7%
$636,543
$636.5K
Cap Rate 9%
$495,089
$495.1K
Market Conditions
NOI Build-Up for 3,066 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
$86.5K $28.20/SF
− Vacancy
−$5.4K −$1.78/SF
EGI
$81.0K $26.42/SF
− OpEx
−$36.5K −$11.89/SF
NOI
$44.6K $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%
$891,160
Cap Rate 7%
$636,543
Cap Rate 9%
$495,089
Alternative Uses
Best Use
Apartment 5plus
$636.5K
$557.0K – $742.6K
NOI $44,558 @ 7.0% cap · market cap 8.93%
Second Best
Multifamily LT 5
$633.0K
$553.9K – $738.5K
NOI $44,312 @ 7.0% cap · market cap 8.88%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,199 @ 7.0% cap · market cap 23.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
Explore this area
Business Placement
Demographics for 34480, FL
21,709
Population
9,864
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
35.2 sq mi
ZIP Area
617
Density / Sq Mi
$75,334
Median Household Income
$40,953
Median Earnings
$1,238
Median Rent
$248,400
Median Home Value
Market
Vacancy Rate% for Multifamily 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?
Quadplex - Tenant-occupied quadplex in Ocala’s Whispering Sands Community, offering four residential units in a car-dependent area.
Where is this quadplex located?
The property is located at 5160 SE 29th Street Ocala, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Quadplex in SE Ocala in the Whispering Sands Community; Built in 1980; Four residential units (quadplex) with tenants in place
