Auto Shop with Secured
For Sale
$2,100,000
8783 E HIGHWAY 25, Belleview, FL 34420
B5-zoned auto shop with RV access, secured storage, and basic interior appliances.
Property Size3,750 SF
Price / SF$524.74
Days on Market111
Property Features for 8783 E HIGHWAY 25
General Information
Standard status
Active
Size
3,750 SF
Zoning
B5
Taxes and HOA fees
Annual Taxes
$3,595
Amenities
Bathrooms, Dumpsters, Extra Storage, Fencing, Furnished, High Bays, Lit Sign on Site, Outside Storage, Overhead Doors, Trash Removal, Waiting Room
Microwave, Refrigerator
Common, RV Access/Parking, Secured
Storage
Building Details
Building Size
3,750 SF
Year Built
1985
Stories
1
Listing Agency:
OCALA DEV OF MARION LLC
(352) 361-4947
Listed By:
Daniel Shimasaki · License #3125319
(352) 361-4947
Source:
Evrealestate
Added: May 12
Changed: Aug 30
Last Checked: Aug 30 at 2:31PM
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 OCALA DEV OF MARION LLC
Investment Insights
Based on property information with market context.
This auto shop property contains 4,002 square feet and was built in 1985. The interior includes a microwave and refrigerator, while the exterior provides common areas, RV access and parking, secured storage, and additional storage space.
The property is located on E Highway 25 in Belleview, Marion County, with access from Interstate 75 via 484 and CR 25. B5 zoning is identified for the site.
The property is located on E Highway 25 in Belleview, Marion County, with access from Interstate 75 via 484 and CR 25. B5 zoning is identified for the site.
Key Highlights
- 4,002‑square‑foot auto shop property
- Built in 1985
- B5 zoning
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
$100,656
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
4.79%
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%
$2,013,120
$2.0M
Cap Rate 7%
$1,437,943
$1.4M
Cap Rate 9%
$1,118,400
$1.1M
Market Conditions
NOI Build-Up for 4,002 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
$148.4K $37.08/SF
− Vacancy
−$4.6K −$1.15/SF
EGI
$143.8K $35.93/SF
− OpEx
−$43.1K −$10.78/SF
NOI
$100.7K $25.15/SF
Area
Marion County, FL
Vacancy
3.10%
Lease Rate
$37.08 /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%
$2,013,120
Cap Rate 7%
$1,437,943
Cap Rate 9%
$1,118,400
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,656 @ 7.0% cap · market cap 4.79%
Second Best
Industrial
$655.8K
$573.9K – $765.2K
NOI $45,909 @ 7.0% cap · market cap 2.19%
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $152,978 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34420, FL
17,969
Population
8,555
Households
2.1
Avg Household Size
45
Median Age
14%
College-Educated
91%
High-School Grad
24.1 sq mi
ZIP Area
746
Density / Sq Mi
$52,551
Median Household Income
$34,599
Median Earnings
$909
Median Rent
$192,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - B5-zoned auto shop with RV access, secured storage, and basic interior appliances.
Where is this auto shop located?
The property is located at 8783 E HIGHWAY 25 Belleview, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 4,002‑square‑foot auto shop property; Built in 1985; B5 zoning
