Warehouse with Dock
For Sale
$8,000,000
5407 NW 44th Ave, Ocala, FL 34482
M-1-zoned warehouse with dock and ground-level loading access.
Property Size60,556 SF
Price / SF$132.11
Days on Market52
Property Features for 5407 NW 44th Ave
General Information
Standard status
Active
Size
60,556 SF
Zoning
M-1
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
60,556 SF
Dock-High Doors
8
Drive-In Doors
22
Sprinkler System
Yes
Building Details
Year Built
1987
Building Size
60,556 SF
Listing Agency:
COLDWELL BANKER ELLISON REALTY O
(352) 816-0887
Listed By:
Darla Priest · License #0476492
Source:
Flflourish
Added: Jul 10
Changed: Aug 29
Last Checked: Aug 25 at 4:36AM
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 COLDWELL BANKER ELLISON REALTY O
Investment Insights
Based on property information with market context.
Built in 1987, this warehouse provides 60,556 square feet of usable space for industrial operations. The facility includes 22 ground-level roll-up doors, 8 dock-high doors, and a fire suppression system. M-1 zoning supports light industrial manufacturing use as described in the property information.
The property has frontage along I-75 and access to northbound and southbound interstate corridors. Ingress and egress are provided from NW 44th Ave, with a gated entrance serving the primary driveway.
The property has frontage along I-75 and access to northbound and southbound interstate corridors. Ingress and egress are provided from NW 44th Ave, with a gated entrance serving the primary driveway.
Key Highlights
- 60,556 square feet of usable warehouse space
- 22 ground‑level roll‑up doors and 8 dock‑high doors
- M‑1 zoning 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
Lease Details
8
Dock-high doors
22
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Well-served
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - M-1-zoned warehouse with dock and ground-level loading access.
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 square feet of usable warehouse space; 22 ground‑level roll‑up doors and 8 dock‑high doors; M‑1 zoning for light industrial manufacturing
