Industrial Warehouse with Fenced
For Sale
$2,900,000
530 Nw 1st Avenue OCALA, Ocala, FL 34475
Large warehouse with office space and fenced yard in downtown Ocala.
Property Size12,737 SF
Lot Size2.45 Acres
Price / SF$227.68
Days on Market110
Property Features for 530 Nw 1st Avenue OCALA
General Information
Standard status
Active
Size
12,737 SF
Lot size
2.45 Acres
Zoning
FBC
Additional Details
Fenced Yard
Yes
Taxes and HOA fees
Annual Taxes
$7,081
Amenities
1
true
Corner Lot,Fire Hydrant,City Lot,Near Railroad Siding,Sidewalk
2.45
false
Asphalt
Slab
Business District,City Street
12737
5
Building Details
Building Size
12,737 SF
Year Built
1955
Buildings
5
Stories
1
Listed By:
Jennifer Barnett
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 6
Changed: Oct 7
Last Checked: Oct 7 at 9:18AM
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 Jennifer Barnett
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property consists of a large industrial warehouse with attached office space and a fenced yard. It was formerly used as a lumber yard, and the site offers multiple redevelopment paths, subject to rezoning of the property.
Located at 530 NW 1st Avenue in downtown Ocala, the asset may support a range of redevelopment options, including office space or multi-family/apartment development, with rezoning required to accommodate alternate uses. The property may also qualify for opportunity zone benefits and City of Ocala Credits, depending on the specific development plan and other factors.
In addition to being offered for sale, the property is also available for lease beginning January 2024.
Located at 530 NW 1st Avenue in downtown Ocala, the asset may support a range of redevelopment options, including office space or multi-family/apartment development, with rezoning required to accommodate alternate uses. The property may also qualify for opportunity zone benefits and City of Ocala Credits, depending on the specific development plan and other factors.
In addition to being offered for sale, the property is also available for lease beginning January 2024.
Key Highlights
- 5‑building industrial warehouse with 12,737 total building area on a 2.45‑acre corner lot in downtown Ocala
- Fenced yard with asphalt city street access and business district/road frontage
- Slab foundation and single‑story building configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$177,422
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,548,440
$3.5M
Cap Rate 7%
$2,534,600
$2.5M
Cap Rate 9%
$1,971,356
$2.0M
Market Conditions
NOI Build-Up for 12,737 SF
Gross rent
$218.6K $17.16/SF
− Vacancy
−$9.8K −$0.77/SF
EGI
$208.7K $16.39/SF
− OpEx
−$31.3K −$2.46/SF
NOI
$177.4K $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 Rate 5%
$3,548,440
Cap Rate 7%
$2,534,600
Cap Rate 9%
$1,971,356
Alternative Uses
Best Use
Warehouse
$2.53M
$2.22M – $2.96M
NOI $177,422 @ 7.0% cap · market cap 6.12%
Second Best
Industrial
$2.09M
$1.83M – $2.44M
NOI $146,112 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$6.96M
$6.09M – $8.11M
NOI $486,875 @ 7.0% cap · market cap 16.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,931
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34475, FL
14,780
Population
5,668
Households
2.6
Avg Household Size
38
Median Age
13%
College-Educated
84%
High-School Grad
27.8 sq mi
ZIP Area
532
Density / Sq Mi
$33,515
Median Household Income
$24,854
Median Earnings
$871
Median Rent
$170,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Hills Van Service Of Marion County — 416 NW 7th St, Ocala, FL 34475
- BR&A Storage — 237 NE 9th St, Ocala, FL 34470
Frequently Asked Questions
What type of property is this?
Warehouse - Large warehouse with office space and fenced yard in downtown Ocala.
Where is this warehouse located?
The property is located at 530 Nw 1st Avenue OCALA Ocala, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 5‑building industrial warehouse with 12,737 total building area on a 2.45‑acre corner lot in downtown Ocala; Fenced yard with asphalt city street access and business district/road frontage; Slab foundation and single‑story building configuration
