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    Automotive Service Property with Lease Title is generated by Realmo AI

    6187 SW Highway 200, Ocala, FL 34476

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    For-sale automotive service property leased to a multi-unit Meineke franchisee with long-term rent increases.

    Type:RETAIL
    Property size:
    4,280 SF
    Price / SF:
    $467/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 5 at 2:21 am

    Property Features for 6187 SW Highway 200

    General Information

    Standard status
    Active
    Size
    4,280 SF
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Zack House
    Zack House

    Listing agent Zack House License #(S):AZ:SA550593000,NV:S.0192964

    Listing office Marcus & Millichap | Phoenix

    Listing date Jun 3, 2026

    Source Moodyscre

    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 Marcus & Millichap | Phoenix

    HighLights

    • 10‑year lease with a multi‑unit Meineke franchisee (35+ units)
    • Rent increases include a 10% increase occurring in 2029, plus annual increases during renewal options
    • Immediate area household and population projected to increase 13%+ over the next 5 years
    • Property is adjacent to a new master‑planned community in development

    Overview

    This for-sale automotive service property is operated under a 10-year lease with a multi-unit Meineke franchisee that controls 35+ units. The lease includes a 10% rental increase occurring in 2029, followed by annual increases during renewal options.

    The property is located at 6187 SW Highway 200 in Ocala, Florida. It also sits adjacent to a new master-planned community currently in development. At build-out, the community is projected to include a BJ’s Wholesale Club, 2,028 single-family homes, 240 townhomes, 888 multifamily units, and 270 acres of retail and commercial space.

    From an operator and investor standpoint, the asset is structured around an existing, franchise-backed use with scheduled rent escalations. The surrounding area also has stated demographic projections, with households and population in the immediate area projected to increase by 13%+ over the next five years, supporting the property’s role within a growing retail and commercial environment.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $158.7k $37.08
    − Vacancy −$4.9k −$1.15
    EGI $153.8k $35.93
    − OpEx −$46.1k −$10.78
    NOI $107.6k $25.15
    4,280 SF · lease $37.08/SF/yr · vacancy 3.10% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.54M
    $1.35M – $1.79M (±1% cap)
    NOI $107,648 @ 7.0% cap · market cap 5.38%
    Second Best
    Industrial
    $701.4K
    $613.7K – $818.3K (±1% cap)
    NOI $49,098 @ 7.0% cap · market cap 2.45%
    Theoretical Best
    Office A
    $2.34M
    $2.05M – $2.73M (±1% cap)
    NOI $163,604 @ 7.0% cap · market cap 8.18%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Auto Tech II — 6895 SW State Rd 200, Ocala, FL 34476
    • Take 5 Oil Change — 6225 SW State Rd 200, Ocala, FL 34476
    • Jaguar Ocala Service Center — 5830 SW College Rd, Ocala, FL 34474
    • Meineke Car Care Center #2372 — 6187 SW State Rd 200, Ocala, FL 34476

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.223595
    Latitude
    29.113271

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    FAQs

    What type of property is this?
    Auto shop - For-sale automotive service property leased to a multi-unit Meineke franchisee with long-term rent increases.
    Where is this auto shop located?
    The property is located at 6187 SW Highway 200 Ocala, FL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 10‑year lease with a multi‑unit Meineke franchisee (35+ units); Rent increases include a 10% increase occurring in 2029, plus annual increases during renewal options; Immediate area household and population projected to increase 13%+ over the next 5 years
    (916) 532-6544 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Zack House
    Zack House
    Real Estate License ID: (S):AZ:SA550593000,NV:S.0192964
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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