Fully Remodeled
For Sale
$599,900
5200 SE 31ST St 1-4, Ocala, FL 34480
Four units in a fully remodeled quadplex with a brand new metal roof and updated kitchens and appliances.
Property Size3,782 SF
Days on Market21
Property Features for 5200 SE 31ST St 1-4
General Information
Standard status
Active
Size
3,782 SF
Property subtype
Investment
Occupancy
75%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$6,801
Building Details
Building Size
3,782 SF
Year Built
1984
Units
4
Tenancy
Multi
Listing Agency:
TRANS GLOBAL REALTY, INC
(954) 735-4000
Listed By:
Eric Nathanson · License #656248
(954) 735-4000
Source:
Elliman
Added: Jul 21
Changed: Aug 8
Last Checked: Aug 10 at 6:29AM
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 TRANS GLOBAL REALTY, INC
Investment Insights
Based on property information with market context.
This quadplex offers four residential units that have been fully remodeled, with fixtures and finishes described as brand new throughout. Updates include granite countertops and stainless steel appliances, and the property also features a brand new metal roof. Three of the four units are currently rented, and the fourth unit is listed as on the market and move-in ready.
The property is located in Ocala, Florida. Public mobility indicators show a somewhat bikeable area and a car-dependent environment, with minimal transit.
The asset is configured as four separate rental units within a single building, supporting either full occupancy as an income strategy or owner-occupancy with additional rental income.
The property is located in Ocala, Florida. Public mobility indicators show a somewhat bikeable area and a car-dependent environment, with minimal transit.
The asset is configured as four separate rental units within a single building, supporting either full occupancy as an income strategy or owner-occupancy with additional rental income.
Key Highlights
- 1984‑built quadplex with 4 units total
- All 4 units are fully remodeled with brand‑new interiors and updated kitchens
- Updated kitchens feature granite countertops and stainless steel appliances
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
$54,963
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
9.16%
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%
$1,099,260
$1.1M
Cap Rate 7%
$785,186
$785.2K
Cap Rate 9%
$610,700
$610.7K
Market Conditions
NOI Build-Up for 3,782 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
$106.7K $28.20/SF
− Vacancy
−$6.7K −$1.78/SF
EGI
$99.9K $26.42/SF
− OpEx
−$45.0K −$11.89/SF
NOI
$55.0K $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%
$1,099,260
Cap Rate 7%
$785,186
Cap Rate 9%
$610,700
Alternative Uses
Best Use
Apartment 5plus
$785.2K
$687.0K – $916.1K
NOI $54,963 @ 7.0% cap · market cap 9.16%
Second Best
Multifamily LT 5
$780.9K
$683.3K – $911.0K
NOI $54,660 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,568 @ 7.0% cap · market cap 24.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
75%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
236
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four units in a fully remodeled quadplex with a brand new metal roof and updated kitchens and appliances.
Where is this quadplex located?
The property is located at 5200 SE 31ST St 1-4 Ocala, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1984‑built quadplex with 4 units total; All 4 units are fully remodeled with brand‑new interiors and updated kitchens; Updated kitchens feature granite countertops and stainless steel appliances
