2411 S Pine Ave, Ocala, FL 34471
Renovated 1,273 SF building with flexible zoning and parking.
- Added:
- Oct 2, 2020
- Days on Market:
- 2087
- Last Refresh:
- May 19 at 9:06 pm
Property Features for 2411 S Pine Ave
General Information
- Standard status
- Active
- Size
- 1,273 SF
- Lot size
- 0.33 Acres
- Property subtype
- Retail
Listing agent Tim Corder License #FL 3025788
Listing office Results Real Estate Partners
Listing date Oct 2, 2020
Source Crexi
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 Results Real Estate Partners
HighLights
- Highly visible corner site with B2 Zoning, allowing flexible uses.
- Billboard income of $4000/month NNN.
- 1/3 Acre with Ample Parking.
- 1,273 SF Renovated Freestanding Building.
- Lease Rate $4000/month NNN.
- B2 Zoning.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.2k | $37.08 |
| − Vacancy | −$1.5k | −$1.15 |
| EGI | $45.7k | $35.93 |
| − OpEx | −$13.7k | −$10.78 |
| NOI | $32.0k | $25.15 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Mystic Garden — 2400 SE 1st Ave Unit 100, Ocala, FL 34471
Location Insight
- Map
- Local Demand
- City
- Ocala
- County
- Marion
- State
- Florida
- Longitude
- -82.1346412
- Latitude
- 29.1641521
