Duplex with Attached
New
For Sale
$524,900
6505 SW 140TH PLACE ROAD, Ocala, FL 34473
Both residences include private laundry areas, covered lanais, and open living spaces adjoining the kitchens.
Property Size2,662 SF
Lot Size0.44 Acres
Price / SF$197.18
Days on Market5
Property Features for 6505 SW 140TH PLACE ROAD
General Information
Standard status
Active
Size
2,662 SF
Total Parking Spaces
2
Lot size
0.44 Acres
Property subtype
Half Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
0.44 acres
Shingle
Septic Tank
Additional parcels description:, Parcel Number: 8009-1263-05, Public Survey Range: 21, Public Survey Section: 17, Annual Amount: $430, Tax Block: 1263, Tax Book Number: O-164MARION, Legal Description: SEC 17 TWP 17 RGE 21 PLAT BOOK O PAGE 164 MARION OAKS UNIT 9 BLK 1263 LOT 5, Lot: 5, Year: 2025, Zoning: RPUD
Vinyl
1 space
Central Air
Central
Inside
Listing ID: MFRO6444265, Standard Status: Active, MLS Status: Active, Property Subtype: Half Duplex, On market as of 2026-09-23, Special Conditions: None
6 total bedrooms
Built in 2026, Living area: 2662, Living area units: Square Feet, Building faces Southwest, Levels: One, Construction Materials: Block, Stucco
Subdivision: MARION OAKS UN 09, MLS Area (Major): 34473 - Ocala, County/Parish: Marion
Completed
4 total bathrooms, 4 full bathrooms
Electricity Connected, Water Connected, Water Source: Well
Slab
Road Surface: Asphalt
Lighting
Walk-In Closet(s)
Dishwasher, Disposal, Microwave, Range, Refrigerator
Building Details
Year Built
2026
Buildings
1
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Fabiola Lemos · License #3455581
(407) 286-3846
Source:
Miharaandassociates
Added: Sep 23
Changed: Sep 27
Last Checked: Sep 26 at 2:27PM
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 FLORIDA REALTY INVESTMENTS
Investment Insights
Based on property information with market context.
Built in 2026, this 2,662-square-foot duplex contains two residences, each with three bedrooms and two bathrooms. The living and dining spaces flow into the kitchen, and each home has a primary suite with a walk-in closet. Additional features include a laundry area, covered lanai, and attached one-car garage for each unit.
The property occupies a 0.44-acre lot in Marion Oaks. A 2-10 Home Buyers Warranty is included.
The property occupies a 0.44-acre lot in Marion Oaks. A 2-10 Home Buyers Warranty is included.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 2,662 square feet on a 0.44‑acre lot
- Attached one‑car garage for each unit
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
$38,686
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
7.37%
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%
$773,720
$773.7K
Cap Rate 7%
$552,657
$552.7K
Cap Rate 9%
$429,844
$429.8K
Market Conditions
NOI Build-Up for 2,662 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
$75.1K $28.20/SF
− Vacancy
−$4.7K −$1.78/SF
EGI
$70.3K $26.42/SF
− OpEx
−$31.7K −$11.89/SF
NOI
$38.7K $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%
$773,720
Cap Rate 7%
$552,657
Cap Rate 9%
$429,844
Alternative Uses
Best Use
Apartment 5plus
$552.7K
$483.6K – $644.8K
NOI $38,686 @ 7.0% cap · market cap 7.37%
Second Best
Multifamily LT 5
$549.6K
$480.9K – $641.2K
NOI $38,473 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$1.45M
$1.27M – $1.70M
NOI $101,756 @ 7.0% cap · market cap 19.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 34473, FL
21,548
Population
9,313
Households
2.3
Avg Household Size
43
Median Age
16%
College-Educated
89%
High-School Grad
35.8 sq mi
ZIP Area
602
Density / Sq Mi
$70,559
Median Household Income
$36,474
Median Earnings
$1,406
Median Rent
$242,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences include private laundry areas, covered lanais, and open living spaces adjoining the kitchens.
Where is this duplex located?
The property is located at 6505 SW 140TH PLACE ROAD Ocala, FL.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 2,662 square feet on a 0.44‑acre lot; Attached one‑car garage for each unit
