Lumberyard Retail and Storage
834 North Magnolia Avenue, Ocala, FL 34475
For Sale
$1,995,000
Multi-parcel complex with showroom/warehouse space, office, fenced T-sheds, and open shed storage for building materials operations.
Property Size19,929 SF
Lot Size5.60 Acres
Days on Market112
Property Features for 834 North Magnolia Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Fenced Yard
Outdoor Storage
Additional Details
Business Included
Building Details
Building Size
Year Built
Listing Agency:
NAI Heritage | Ocala
Listed By:
Randy Buss, CCIM, SIOR · License FL BK3105657
(352) 817-3860
Source:
Naiheritage
Added: Jul 24
Changed: Nov 9
Last Checked: Nov 10 at 6:31AM
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 NAI Heritage | Ocala
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Investment Insights
Based on property information with market context.
This retail sales complex has operated as a building materials and lumberyard business since 1975 and includes multiple parcels totaling 5.6 acres. Improvements comprise an 8,305-square-foot showroom/warehouse, a 2,324-square-foot administrative office building, multiple T-sheds for lumber storage, a 3,500-square-foot truss plant, and 5,800-square-foot open shed storage. The fenced grounds also include excess paved parking and circulation areas, along with vacant parcels that provide room for expansion. Existing equipment and some inventory are available to the buyer, or the seller will remove.
The property is mostly B5 zoned, with a portion designated Institutional Zoned. It is described as signage-ready for prominent branding and includes ample parking designed for both patrons and deliveries.
With five adjacent parcels included in the offering, this property supports a building supply format combining showroom, fabrication, and storage under a single, fenced site configuration.
The property is mostly B5 zoned, with a portion designated Institutional Zoned. It is described as signage-ready for prominent branding and includes ample parking designed for both patrons and deliveries.
With five adjacent parcels included in the offering, this property supports a building supply format combining showroom, fabrication, and storage under a single, fenced site configuration.
Key Highlights
- Multi‑parcel building materials/lumberyard complex at 834 N Magnolia Ave, operating since 1975
- 5.6‑acre property with 5 adjacent parcels (listed parcel IDs: 2572‑002‑003, 2572‑001‑001, 2572‑002‑001, 2572‑002‑002, 2572‑004‑003)
- Mostly B5 zoning plus 1.19 acres Institutional zoning for part of the vacant expansion land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,820
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,296,400
$3.3M
Cap Rate 7%
$2,354,571
$2.4M
Cap Rate 9%
$1,831,333
$1.8M
Market Conditions
NOI Build-Up for 19,929 SF
Gross rent
$275.0K $13.80/SF
− Vacancy
−$21.5K −$1.08/SF
EGI
$253.6K $12.72/SF
− OpEx
−$88.7K −$4.45/SF
NOI
$164.8K $8.27/SF
Area
Marion County, FL
Vacancy
7.80%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,296,400
Cap Rate 7%
$2,354,571
Cap Rate 9%
$1,831,333
Alternative Uses
Best Use
Warehouse
$3.97M
$3.47M – $4.63M
NOI $277,604 @ 7.0% cap · market cap 13.91%
Second Best
Industrial
$3.27M
$2.86M – $3.81M
NOI $228,615 @ 7.0% cap · market cap 11.46%
Theoretical Best
Office A
$10.88M
$9.52M – $12.70M
NOI $761,792 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,481
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
$170,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Ocala, FL
Properties on Market for Flex space in Ocala
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Ocalaqueen352 — Ocala, FL 34483
- Beckwith Catering — 809 N Magnolia Ave, Ocala, FL 34475
Frequently Asked Questions
What type of property is this?
Flex space - Multi-parcel complex with showroom/warehouse space, office, fenced T-sheds, and open shed storage for building materials operations.
Where is this flex space located?
The property is located at 834 North Magnolia Avenue Ocala, FL.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Multi‑parcel building materials/lumberyard complex at 834 N Magnolia Ave, operating since 1975; 5.6‑acre property with 5 adjacent parcels (listed parcel IDs: 2572‑002‑003, 2572‑001‑001, 2572‑002‑001, 2572‑002‑002, 2572‑004‑003); Mostly B5 zoning plus 1.19 acres Institutional zoning for part of the vacant expansion land
