New Construction
New
For Sale
$375,000
5349 NW 11TH STREET, Ocala, FL 34482
Two matching units offer flexible living arrangements with modern kitchens, in-unit laundry, and durable tile finishes.
Property Size2,041 SF
Price / SF$183.73
Days on Market5
Property Features for 5349 NW 11TH STREET
General Information
Standard status
Active
Size
2,041 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
in-unit washer/dryer
Building Details
Year Built
2026
Buildings
1
Listing Agency:
RIVERS 2 RANCHES REAL ESTATE
(352) 533-0891
Listed By:
Dane Hobbs · License #3628089
Source:
Dennisrealty
Added: Aug 12
Changed: Aug 15
Last Checked: Aug 16 at 6:37AM
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 RIVERS 2 RANCHES REAL ESTATE
Investment Insights
Based on property information with market context.
This 2,041-square-foot duplex is under construction and is scheduled for completion in 2026. The property includes two units, each configured with 2 bedrooms and 2 full bathrooms. Both layouts feature an open kitchen, stainless steel appliances, granite countertops, and porcelain tile flooring throughout. A washer and dryer are included in each unit, adding practical functionality for residents.
The duplex sits on an oversized lot at 5349 NW 11th Street in Ocala, Florida. Its two-unit configuration supports separate household use within one property, with consistent finishes and amenities across both residences.
The duplex sits on an oversized lot at 5349 NW 11th Street in Ocala, Florida. Its two-unit configuration supports separate household use within one property, with consistent finishes and amenities across both residences.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 2 full bathrooms per unit
- 2,041 square feet on an oversized lot
- Under construction with 2026 year built
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
$29,662
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
7.91%
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%
$593,240
$593.2K
Cap Rate 7%
$423,743
$423.7K
Cap Rate 9%
$329,578
$329.6K
Market Conditions
NOI Build-Up for 2,041 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
$57.6K $28.20/SF
− Vacancy
−$3.6K −$1.78/SF
EGI
$53.9K $26.42/SF
− OpEx
−$24.3K −$11.89/SF
NOI
$29.7K $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%
$593,240
Cap Rate 7%
$423,743
Cap Rate 9%
$329,578
Alternative Uses
Best Use
Apartment 5plus
$423.7K
$370.8K – $494.4K
NOI $29,662 @ 7.0% cap · market cap 7.91%
Second Best
Multifamily LT 5
$421.4K
$368.7K – $491.6K
NOI $29,498 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$1.11M
$975.2K – $1.30M
NOI $78,018 @ 7.0% cap · market cap 20.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching units offer flexible living arrangements with modern kitchens, in-unit laundry, and durable tile finishes.
Where is this duplex located?
The property is located at 5349 NW 11TH STREET Ocala, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 2 full bathrooms per unit; 2,041 square feet on an oversized lot; Under construction with 2026 year built
