Lumberyard Retail and Storage
For Sale
$1,995,000
834 North Magnolia Avenue, Ocala, FL 34475
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 Market21
Property Features for 834 North Magnolia Avenue
General Information
Standard status
Active
Size
19,929 SF
Lot size
5.60 Acres
Property subtype
Retail
Zoning
B5
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
19,929 SF
Year Built
1947
Listing Agency:
NAI Heritage | Ocala
(352) 817-3860
Listed By:
Randy Buss, CCIM, SIOR · License #FL #BK3105657
(352) 817-3860
Source:
Naiheritage
Added: Jul 24
Changed: Aug 8
Last Checked: Aug 12 at 4:21AM
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
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 = 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
$164,820
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
8.26%
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%
$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
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
$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 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%
$3,296,400
Cap Rate 7%
$2,354,571
Cap Rate 9%
$1,831,333
Alternative Uses
Best Use
Retail
$7.16M
$6.27M – $8.35M
NOI $501,242 @ 7.0% cap · market cap 25.12%
Second Best
Warehouse
$3.97M
$3.47M – $4.63M
NOI $277,604 @ 7.0% cap · market cap 13.91%
Theoretical Best
Office A
$10.88M
$9.52M – $12.70M
NOI $761,792 @ 7.0% cap · market cap 38.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
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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- Ocalaqueen352 — Ocala, FL 34483
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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
