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    2210 Pine Ave Ocala, FL 34471

    Sponsored
    For Sale
    $1,590,000

    Profitable Motel, Seller Financing Available

    Property size:
    7,798 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20-unit motel in Ocala, Florida, presents a lucrative investment opportunity. Boasting a 100% occupancy rate and a strong net operating income (NOI) of $157,502 (annualized 2024), this property offers immediate cash flow. The 7,798 square foot building, situated on a 0.61-acre lot at 2210 S Pine Ave, Ocala, FL 34471, is a Class B property with a B4/Regional Business zoning designation. Built in 1958 and renovated in 2013 (including a newer roof), the motel features 19 rental units and a two-bedroom apartment, ideal for owner occupancy or additional rental income. Each unit includes a kitchenette with a refrigerator, sink, and microwave. The property generates a current gross revenue of $299,546 (annualized 2024). A billboard on the property adds to the revenue stream, generating $1,351 per month. Seller financing is available to qualified buyers, with terms to be determined, potentially including a 50% down payment and a 5-10 year balloon payment with 5-6% interest. The property's strong performance, combined with the seller financing option, makes this a compelling investment. The Marion County property (APN: 30924-000-00) is a two-story building, offering a significant return on investment.

    Property Features for 2210 Pine Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,798 SF
    Class
    B
    Lot Size
    26,572 SF

    Building Details

    Year Built/Renovated
    1958/2013
    Buildings
    1
    Stories
    2
    Units
    20

    HighLights

    • 100% Occupancy, generating immediate cash flow.
    • Seller financing available to qualified buyers.
    • 10% capitalization rate at list price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ocala Cove Motel Motel Ocala Cove Motel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.1373485
    Latitude
    29.1664436

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    FAQs

    What type of property is this?
    Multifamily property - Profitable Motel, Seller Financing Available
    Where is this multifamily property located?
    The property is located at 2210 Pine Ave Ocala, FL.
    What is the asking price?
    The asking price for this property is $1,590,000.
    What are key features of this property?
    This property features: 100% Occupancy, generating immediate cash flow.; Seller financing available to qualified buyers.; 10% capitalization rate at list price.
    Request Owner's contact information
    2210 Pine Ave Ocala, FL 34471
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2210 Pine Ave Ocala, FL 34471
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