New Industrial Condominium Units
For Sale
Contact for pricing
5741 S Pine Ave, Ocala, FL 34480
New construction industrial condos for sale or lease in Ocala.
Property Size5,000 SF
Price / SF$179
Days on Market142
Property Features for 5741 S Pine Ave
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Industrial
Lease Type
NNN
Listing Agency:
Bill Rodgers Realty
(352) 351-3630
Listed By:
Lance Schenker · License #FL 3047977
Source:
Crexi
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 12 at 10:54AM
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 Bill Rodgers Realty
Investment Insights
Based on property information with market context.
New construction industrial condominium units are available for sale or lease on Highway 441/301/27/South Pine Avenue in Ocala, Florida. The property consists of ten buildings, each with a total area of 5,000 square feet. Each building can be divided in half to create 2,500 square foot spaces. Each 2,500 square foot space includes one office, one ADA-compliant bathroom, and one 14-foot overhead ground loading door. The property provides tractor-trailer access with a central turnaround and ground unloading area. The heated area is 500 square feet. The property is planned for completion in 2025.
Key Highlights
- Brand new industrial condominium units available for sale or lease.
- Located on busy Hwy 441/301/27/South Pine Avenue in Ocala, Florida.
- Each unit is 5,000 sq ft, divisible into 2,500 sq ft spaces.
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
$69,648
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
7.78%
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%
$1,392,960
$1.4M
Cap Rate 7%
$994,971
$995.0K
Cap Rate 9%
$773,867
$773.9K
Market Conditions
NOI Build-Up for 5,000 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
$85.8K $17.16/SF
− Vacancy
−$3.9K −$0.77/SF
EGI
$81.9K $16.39/SF
− OpEx
−$12.3K −$2.46/SF
NOI
$69.6K $13.93/SF
Area
Marion County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
15.00%
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%
$1,392,960
Cap Rate 7%
$994,971
Cap Rate 9%
$773,867
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,300 @ 7.0% cap · market cap 14.45%
Second Best
Warehouse
$995.0K
$870.6K – $1.16M
NOI $69,648 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$2.73M
$2.39M – $3.19M
NOI $191,126 @ 7.0% cap · market cap 21.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Self-Storage at U-Haul — 5555 S Pine Ave, Ocala, FL 34480
- Stor Mor Buildings at Customs Home Service Connections of Ocala — 5848 S Pine Ave, Ocala, FL 34480
- Hunter Outdoor Connections — 5200 s pine ave, ocala, fl 34480
Frequently Asked Questions
What type of property is this?
Warehouse - New construction industrial condos for sale or lease in Ocala.
Where is this warehouse located?
The property is located at 5741 S Pine Ave Ocala, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Brand new industrial condominium units available for sale or lease.; Located on busy Hwy 441/301/27/South Pine Avenue in Ocala, Florida.; Each unit is 5,000 sq ft, divisible into 2,500 sq ft spaces.
