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Property profile & analytics
OFF-MARKET
Estimated value
$7,680,000
Commercial real estate
89 Midway Rd Ocala, FL 34472-4351
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4387361
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,470 SF
Lot
2.81 ac (122,404 SF)
Zoning code
B4
APN
9007-0100-01
UPID
US18-4387361
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Blue Rhino Propane Exchange Propane Supplier
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.68M
Owner & transaction history
Section 18 LLC · 4 yrs held
Section 18 LLC
since 2021
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
B4 · Ocala, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ocala submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocala submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$7,340,000
ML approach
$7,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.68M
Range $6.91M – $8.45M · ±10% · vs last sale $8.00M (Nov 23 2021)
Last sale anchor
$8.00M
Nov 23 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$531 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$31,651
Tax year 2023
Assessed value
$1,842,100
Assessed 2023
Previous assessed
$1,674,636
+10.0% YoY
Effective rate
1.72%
On assessed value
Assessed land
$277,748
Assessed improvement
$1,564,352
Land market value
$277,748
Improvement market value
$1,571,574
Total market value
$1,849,322
Applied tax rate
9,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
14,470 SF
Lot
2.81 ac (122,404 SF)
Zoning code
B4
APN
9007-0100-01
UPID
US18-4387361
Jurisdiction
MARION
Zoning & alternative use
B4 · Ocala, FL
Zoning B4 · permitted uses
B4 · Ocala, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocala. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
2.81 ac
Current owner
From public records · entity-resolved
Section 18 LLC
Entity
Mailing address
308 EVERGREEN RD STE #120, LOUISVILLE, KY 40243-1076
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2021
$8,000,000
Section 18 LLC
Wg Ocala Fl LLC
Special Warranty Deed
—
Jan 9, 2017
—
Wg Ocala Fl LLC
—
Deed
related
$4,000,000 · Td Bk NA
Nov 16, 2016
—
Wg Ocala Fl LLC
Agree Silver Springs Shores Ll
Grant Deed
—
Dec 7, 2012
—
Agree Silver Spgs Shores LLC
—
Deed Of Trust
related
$25,000,000 · Pnc Bank
May 9, 2008
$1,975,000
Agree Silver Springs Shores Ll
Midway Town Center LLC
Warranty Deed
—
Sep 20, 2006
$990,000
Midway Town Center LLC
Haselhuhn,eleanor
Warranty Deed
—
—
—
Wg Ocala Fl LLC
—
Deed Of Trust
related
$4,000,000 · Td Bk NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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