Warehouse with Highway
For Sale
$8,000,000
5407 NW 44TH Avenue, Ocala, FL 34482
Commercial Sale, OCALA, FL
Property Size60,556 SF
Lot Size11.73 Acres
Price / SF$132.11
Days on Market218
Property Features for 5407 NW 44TH Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1
Parking features
Secured
Subdivision
NEIGHBORHOOD 9919
Lot features
Central Business District, Street Lights, Paved
Directions
HWY 27 west to NW 44th Ave turn right. Warehouse will be on the right in a little over 2 miles.
Standard status
Active
APN
13538-002-01
Lot size
11.73 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 27 TWP 14 RGE 21 THAT PORTION OF S 410.06 FT OF SW 1/4 OF NE 1/4 & N 100.52 FT OF NW 1/4 OF SE 1/4 OF SEC 27 BOTH LYING E OF NW 44TH AVE & W OF INTERSTATE HWY 75.
Tax Annual Amount
48179
Legal Description
SEC 27 TWP 14 RGE 21 THAT PORTION OF S 410.06 FT OF SW 1/4 OF NE 1/4 & N 100.52 FT OF NW 1/4 OF SE 1/4 OF SEC 27 BOTH LYING E OF NW 44TH AVE & W OF INTERSTATE HWY 75.
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1987
Floors in Building
1
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
COLDWELL BANKER ELLISON REALTY O · Coldwell Banker Real Estate
(352) 732-8350
Listed By:
Darla Priest · License #0476492
(352) 816-0887
Added: Jan 20
Changed: Aug 24
Last Checked: Aug 26 at 2:06AM
MLS# OM717067
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse property contains 60,556 square feet of usable space on an 11.73-acre site. The facility includes 22 ground-level roll-up doors and 8 dock-high doors, supporting varied loading requirements. A fire suppression system, metal siding, metal roofing, central air, public water, and public sewer are in place. The building was constructed in 1987.
The property fronts I-75 and provides access to northbound and southbound interstate corridors. Entry is provided through a gated main driveway with ingress and egress at 44th Avenue. M1 zoning supports light industrial manufacturing, while secured parking and phone availability are also included.
The property fronts I-75 and provides access to northbound and southbound interstate corridors. Entry is provided through a gated main driveway with ingress and egress at 44th Avenue. M1 zoning supports light industrial manufacturing, while secured parking and phone availability are also included.
Key Highlights
- 60,556 square feet of usable warehouse space on 11.73 acres
- 22 ground‑level roll‑up doors and 8 dock‑high doors
- Frontage on I‑75 with access to northbound and southbound corridors
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 - M1-zoned warehouse offering secured access, dock-high loading, and ground-level roll-up doors for industrial operations.
Where is this warehouse located?
The property is located at 5407 NW 44TH Avenue 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 on 11.73 acres; 22 ground‑level roll‑up doors and 8 dock‑high doors; Frontage on I‑75 with access to northbound and southbound corridors
