Remodeled
For Sale
$299,900
5425 SE 28TH LANE, Ocala, FL 34480
One residence is leased, while the other is vacant and available for occupancy or a new tenant.
Property Size1,736 SF
Price / SF$172.75
Days on Market8
Property Features for 5425 SE 28TH LANE
General Information
Standard status
Active
Size
1,736 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Building Details
Year Built
1984
Buildings
1
Listing Agency:
TRANS GLOBAL REALTY, INC
(954) 735-4000
Listed By:
Eric Nathanson · License #656248
(954) 325-8828
Source:
Dennisrealty
Added: Sep 25
Changed: Oct 1
Last Checked: Oct 1 at 11:50AM
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 TRANS GLOBAL REALTY, INC
Investment Insights
Based on property information with market context.
This 1,736-square-foot duplex in Ocala contains two separate units, each with two bedrooms and two bathrooms. Interior updates include tile flooring, renovated kitchens and bathrooms, granite countertops, and stainless steel appliances. The property was built in 1984.
One unit is leased and the other is vacant. The vacant residence can be occupied or leased to a new tenant.
One unit is leased and the other is vacant. The vacant residence can be occupied or leased to a new tenant.
Key Highlights
- Two units, each with 2 bedrooms and 2 bathrooms
- 1,736 square feet
- One unit leased; the second is vacant
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
$25,229
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
8.41%
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%
$504,580
$504.6K
Cap Rate 7%
$360,414
$360.4K
Cap Rate 9%
$280,322
$280.3K
Market Conditions
NOI Build-Up for 1,736 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
$49.0K $28.20/SF
− Vacancy
−$3.1K −$1.78/SF
EGI
$45.9K $26.42/SF
− OpEx
−$20.6K −$11.89/SF
NOI
$25.2K $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%
$504,580
Cap Rate 7%
$360,414
Cap Rate 9%
$280,322
Alternative Uses
Best Use
Apartment 5plus
$360.4K
$315.4K – $420.5K
NOI $25,229 @ 7.0% cap · market cap 8.41%
Second Best
Multifamily LT 5
$358.4K
$313.6K – $418.2K
NOI $25,090 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$948.0K
$829.5K – $1.11M
NOI $66,359 @ 7.0% cap · market cap 22.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
187
Businesses Nearby
Explore this area
Business Placement
Demographics for 34480, FL
21,709
Population
9,864
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
35.2 sq mi
ZIP Area
617
Density / Sq Mi
$75,334
Median Household Income
$40,953
Median Earnings
$1,238
Median Rent
$248,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased, while the other is vacant and available for occupancy or a new tenant.
Where is this duplex located?
The property is located at 5425 SE 28TH LANE Ocala, FL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 2 bathrooms; 1,736 square feet; One unit leased; the second is vacant
