Spacious Warehouse with I-75
For Sale
$8,000,000
5407 NW 44TH Ave, Ocala, FL 34482
60,000+ sqft warehouse with I-75 frontage, zoned M-1.
Property Size60,556 SF
Price / SF$132.11
Days on Market111
Property Features for 5407 NW 44TH Ave
General Information
Standard status
Active
Size
60,556 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$48,179
Building Details
Building Size
60,556 SF
Year Built
1987
Stories
1
Listing Agency:
Ellison Realty, Inc.
(352) 816-0887
Listed By:
Darla Priest · License #0476492
(352) 816-0887
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Jul 15 at 11:03PM
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 Ellison Realty, Inc.
Investment Insights
Based on property information with market context.
This property features a 60,556 sqft warehouse with frontage on I-75, making it suitable for light industrial manufacturing due to its M-1 zoning. The warehouse offers convenient access to both northbound and southbound I-75 corridors. It includes 22 ground-level roll-up doors and 8 dock-high doors. A fire suppression system is in place. The property provides ingress and egress to 44th Ave, and the main driveway has a gated entrance.
Key Highlights
- 60,556 sqft of usable warehouse space
- I‑75 frontage with easy access to north and south bound corridors
- Zoned M‑1 for light industrial manufacturing
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
$694,666
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
8.68%
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%
$13,893,320
$13.9M
Cap Rate 7%
$9,923,800
$9.9M
Cap Rate 9%
$7,718,511
$7.7M
Market Conditions
NOI Build-Up for 60,556 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
$1.04M $17.16/SF
− Vacancy
−$46.8K −$0.77/SF
EGI
$992.4K $16.39/SF
− OpEx
−$297.7K −$4.92/SF
NOI
$694.7K $11.47/SF
Area
Marion County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
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%
$13,893,320
Cap Rate 7%
$9,923,800
Cap Rate 9%
$7,718,511
Alternative Uses
Best Use
Warehouse
$12.05M
$10.54M – $14.06M
NOI $843,523 @ 7.0% cap · market cap 10.54%
Second Best
Industrial
$9.92M
$8.68M – $11.58M
NOI $694,666 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$33.07M
$28.93M – $38.58M
NOI $2,314,770 @ 7.0% cap · market cap 28.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Barracuda Boat & RV Storage Ocala — 4707 NW 44th Ave, Ocala, FL 34482
Frequently Asked Questions
What type of property is this?
Warehouse - 60,000+ sqft warehouse with I-75 frontage, zoned M-1.
Where is this warehouse located?
The property is located at 5407 NW 44TH Ave Ocala, FL.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 60,556 sqft of usable warehouse space; I‑75 frontage with easy access to north and south bound corridors; Zoned M‑1 for light industrial manufacturing
