Ocala Commercial Property with
For Sale
$1,200,000
818 NORTH MAGNOLIA AVE, Ocala, FL 34475
Updated commercial property in North Magnolia Business District near Downtown Ocala.
Property Size8,000 SF
Lot Size0.99 Acres
Price / SF$150
Days on Market106
Property Features for 818 NORTH MAGNOLIA AVE
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.99 Acres
Property subtype
Industrial
Building Details
Year Built
1947
Listing Agency:
NEWGATE REALTY, LLC
(616) 889-7145
Listed By:
Hanna Pieri · License #3530072
(616) 889-7145
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 7 at 5:20AM
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 NEWGATE REALTY, LLC
Investment Insights
Based on property information with market context.
This commercial property is located in the North Magnolia Business District, a few minutes from Downtown Ocala. The property, zoned B5, includes two buildings situated on just under an acre. The parking lot has been recently resurfaced and striped, and both buildings have been freshly painted on the exterior. The main building features epoxy flooring, a galvalume ceiling with spray foam insulation in the front portion, updated offices and bathrooms, and three automatic roll-up doors. This building provides over 8,000 square feet of space under roof. The secondary building offers over 3,000 square feet under roof, one office, two bathrooms, and a rear roll-up door that leads to a connecting fenced courtyard area. It also features a security roll-up in front of the street storefront doors. The entire second building is climate controlled and suitable as a rental investment. The property has a walk score of 64, indicating it is somewhat walkable, a bike score of 52, indicating it is bikeable, and a transit score of 28, indicating some transit options are available.
Key Highlights
- Updated and renovated commercial property in the North Magnolia Business District, near Downtown Ocala.
- B5 zoning on just under an acre with two buildings and ample road frontage.
- Main building: Over 8,000 sqft under roof with updated offices, bathrooms, epoxy flooring, galvalume ceiling with spray foam insulation, and three automatic roll‑up doors.
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
$91,772
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
7.65%
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%
$1,835,440
$1.8M
Cap Rate 7%
$1,311,029
$1.3M
Cap Rate 9%
$1,019,689
$1.0M
Market Conditions
NOI Build-Up for 8,000 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
$137.3K $17.16/SF
− Vacancy
−$6.2K −$0.77/SF
EGI
$131.1K $16.39/SF
− OpEx
−$39.3K −$4.92/SF
NOI
$91.8K $11.47/SF
Area
Marion County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
30.00%
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%
$1,835,440
Cap Rate 7%
$1,311,029
Cap Rate 9%
$1,019,689
Alternative Uses
Best Use
Warehouse
$1.59M
$1.39M – $1.86M
NOI $111,437 @ 7.0% cap · market cap 9.29%
Second Best
Industrial
$1.31M
$1.15M – $1.53M
NOI $91,772 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$4.37M
$3.82M – $5.10M
NOI $305,802 @ 7.0% cap · market cap 25.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,236
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34475, FL
14,780
Population
5,668
Households
2.6
Avg Household Size
38
Median Age
13%
College-Educated
84%
High-School Grad
27.8 sq mi
ZIP Area
532
Density / Sq Mi
$33,515
Median Household Income
$24,854
Median Earnings
$871
Median Rent
$170,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Ocalaqueen352 — Ocala, FL 34483
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Frequently Asked Questions
What type of property is this?
Flex space - Updated commercial property in North Magnolia Business District near Downtown Ocala.
Where is this flex space located?
The property is located at 818 NORTH MAGNOLIA AVE Ocala, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Updated and renovated commercial property in the North Magnolia Business District, near Downtown Ocala.; B5 zoning on just under an acre with two buildings and ample road frontage.; Main building: Over 8,000 sqft under roof with updated offices, bathrooms, epoxy flooring, galvalume ceiling with spray foam insulation, and three automatic roll‑up doors.
