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Property profile & analytics
FOR LEASE
Commercial real estate
1720 NW 4Th Ave Ocala, FL 34475
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-5588304
For Lease
1 / 32
$10 SF/Yr
1720 NW 4Th Ave, Ocala, FL 34475
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Property summary
AI-generated overview
This exceptional Ocala property offers 24,571 square feet of versatile warehouse and office space, ideally situated off Highway 441/Pine Avenue. The property comprises two buildings. Building 1, totaling 14,971 square feet, features three divisible warehouse units (3213 SF, 1716 SF, and 1716 SF each) with three 12' x 14' bay doors per unit, plus 4552 square feet of office/flex space. Building 2 offers 9600 square feet, divided into five 1920-square-foot units, each including a 12' x 12' office and bathroom. Four of these units are currently available for lease; one is under a month-to-month lease expiring January 31, 2025. All warehouse units feature 12' x 14' roll-up doors. The property boasts eight drive-in doors and is zoned B4 and M1, making it suitable for a variety of uses, including construction, storage, or religious organizations. This flexible space presents a unique opportunity for businesses seeking a prominent Ocala location with ample warehouse and office accommodations. Built in 2004, the property is ready for immediate occupancy.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Construction
STEEL FRAME
Total area
15,120 SF
Lot
3 ac (130,680 SF)
Zoning code
B4
APN
25448-005-00
UPID
US18-5588304
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
-
West Shore Home Renovation Specialist General Contractor
-
Ocala Reef (Bike/Boat/Book/etc) Store Pet Store & Service
-
Guardian Auto Glass Auto Repair Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.56M
Owner & transaction history
Fairbanks Suites LLC · 17 yrs held
Fairbanks Suites LLC
since 2008
4 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±10%
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
$103 / 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
$23,770
Tax year 2023
Assessed value
$1,141,726
Assessed 2023
Previous assessed
$1,046,578
+9.1% YoY
Effective rate
2.08%
On assessed value
Assessed land
$326,700
Assessed improvement
$815,026
Land market value
$326,700
Improvement market value
$899,367
Total market value
$1,226,067
Applied tax rate
1,001.0000
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
For Lease
Year built
2004
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Bathrooms
14
Total area
15,120 SF
Lot
3 ac (130,680 SF)
Zoning code
B4
APN
25448-005-00
UPID
US18-5588304
Jurisdiction
MARION
Zoning & alternative use
B4 · Ocala, FLZoning B4 · permitted uses
B4 · Ocala, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
14
Lot
3 ac
Current owner
From public records · entity-resolved
Fairbanks Suites LLC
Entity
Mailing address
9535 NE 38TH TER, ANTHONY, FL 32617-3625
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2008
—
Fairbanks Suites LLC
Fairbanks Plaza LLC
Quit Claim Deed
related
$1,955,234 · Florida Citizens Bank
Aug 23, 2007
$900,000
Fairbanks Suites LLC
Fairbanks,charles G SR
Quit Claim Deed
related
—
Jul 10, 2007
—
Fairbanks,c G & R M Trust
Fairbanks C G Living Trust
Quit Claim Deed
related
—
—
—
Fairbanks Suites LLC
—
Deed Of Trust
related
$794,149 · Gateway Bk/ctrl Fl
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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