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    5019 Fl-40 Ocala, FL 34482

    For Sale
    $8,000,000

    30 Acres, Mixed-Use Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 30-acre property in Ocala, Florida, presents a unique investment opportunity. Located on heavily traveled State Road 40, this site boasts Employment Center zoning, permitting high-density mixed-use development. A submitted plan outlines five commercial outparcels along the highway frontage, complemented by a multi-family housing complex on the remaining acreage, addressing the significant need for housing in the area. Situated within Ocala city limits and the Urban Growth Boundary, the land benefits from readily available utilities. The property's strategic location near I-75 and an industrial center provides access to a substantial workforce. The high traffic count on SR 40, coupled with the imminent opening of a major county/city relief road adjacent to the site, ensures exceptional visibility and accessibility. This prime location is experiencing substantial population growth, with the Ocala MSA projected to reach 500,000 by 2040. The area's strong economic indicators, including significant income growth and a booming housing market, further enhance the investment potential. The property's zoning allows for up to 24 multi-family units per acre. The asking price is $8,000,000. This is a rare chance to capitalize on the explosive growth of the Ocala metro area. The property is high and dry with city services.

    Property Features for 5019 Fl-40

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,306,800 SF

    HighLights

    • 30‑acre parcel on heavily traveled State Road 40 in Ocala, FL.
    • Employment Center zoning allows mixed‑use development.
    • Approved plan includes five commercial outparcels and a multi‑family residential complex.
    • Located within Ocala city limits and urban growth boundary, with utilities available.
    • Adjacent to a new major county/city relief road, soon to be the county's second busiest thoroughfare.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.2046953
    Latitude
    29.1884818

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    FAQs

    What type of property is this?
    Multifamily property - 30 Acres, Mixed-Use Development Potential
    Where is this multifamily property located?
    The property is located at 5019 Fl-40 Ocala, FL.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: 30-acre parcel on heavily traveled State Road 40 in Ocala, FL.; Employment Center zoning allows mixed-use development.; Approved plan includes five commercial outparcels and a multi-family residential complex.
    Request Owner's contact information
    5019 Fl-40 Ocala, FL 34482
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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
    5019 Fl-40 Ocala, FL 34482
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