New Construction Duplex with
New
For Sale
$524,900
6505 SW 140TH PLACE Road, Ocala, FL 34473
Residential, OCALA, FL
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
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
RPUD
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 4
Interior features
Walk-In Closet(s)
Exterior features
Lighting
Appliances
Dishwasher, Disposal, Microwave, Range, Refrigerator
Subdivision
MARION OAKS UN 09
Directions
Take I-75 North to exit 341 (SW Hwy 484), turn left onto SW Hwy 484, then turn left onto SW 140th Place Rd; continue to 6505 SW 140th Place Rd, which will be on your right.
Standard status
Active
APN
8009-1263-05
Size
2,662 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 17 TWP 17 RGE 21 PLAT BOOK O PAGE 164 MARION OAKS UNIT 9 BLK 1263 LOT 5
Tax Annual Amount
430
Legal Description
SEC 17 TWP 17 RGE 21 PLAT BOOK O PAGE 164 MARION OAKS UNIT 9 BLK 1263 LOT 5
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
2026
Floors in Building
1
Flooring type
Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Fabiola Lemos · License #3455581
(407) 666-7220
Added: Sep 23
Changed: Sep 27
Last Checked: Sep 27 at 2:06PM
MLS# O6444265
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 under-construction duplex is planned as a 2,662-square-foot residential income property on 0.44 acres. Both residences include three bedrooms, two bathrooms, an open living and dining arrangement, a kitchen with a dishwasher, disposal, microwave, range, and refrigerator, plus a laundry area. Each unit also has an attached one-car garage, a primary bedroom with a walk-in closet, and a covered lanai.
The property is scheduled for completion in 2026 and is constructed with block and stucco, vinyl flooring, central heating and central air, shingle roofing, and exterior lighting. Water service is provided by a well and wastewater by a septic tank. RPUD zoning applies, and a 2-10 Home Buyers Warranty is included.
The property is scheduled for completion in 2026 and is constructed with block and stucco, vinyl flooring, central heating and central air, shingle roofing, and exterior lighting. Water service is provided by a well and wastewater by a septic tank. RPUD zoning applies, and a 2-10 Home Buyers Warranty is included.
Key Highlights
- 0.44‑acre duplex property with 2,662 square feet of building area
- Two units, each with 3 bedrooms and 2 bathrooms
- Attached one‑car garage provided for each residence
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
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
15
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
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 - Two separate residences feature open interiors, attached garages, private laundry areas, and covered lanais.
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: 0.44‑acre duplex property with 2,662 square feet of building area; Two units, each with 3 bedrooms and 2 bathrooms; Attached one‑car garage provided for each residence
