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    Marion Oaks Blvd Ocala, FL 34473

    For Sale
    $1,440,000

    8 Acres, 160+ Unit Potential, Ocala, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 8.02-acre land offering in Ocala, Florida presents a unique multifamily development opportunity. Comprising six entitled parcels, five contiguous and one nearby, this property is zoned RPUD (Residential Planned Unit Development) under the original Marion Oaks plan. The allowable density varies per lot, but the total potential unit count exceeds 160 units, making it an ideal site for workforce housing. Located on Marion Oaks Boulevard, in Marion County, FL (zip code 34473), this property benefits from its location in a rapidly growing community, serving as a bedroom community for Ocala. Ocala's strong population growth, ranked #1 in the U.S. for inbound moves in 2022 based on USPS change of address data, underscores the significant demand for housing in this area. The asking price for this prime development land is $1,440,000. This represents a compelling investment opportunity for developers seeking to capitalize on the robust housing market in Ocala and its surrounding areas. The property's existing entitlements streamline the development process, minimizing potential delays and maximizing return on investment. Don't miss this chance to acquire a substantial land parcel with significant development potential in a high-growth market.

    Property Features for 0 Marion Oaks Blvd

    General Information

    Property type
    Land
    Lot Size
    349,351 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.1741388
    Latitude
    29.0020774

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    FAQs

    What type of property is this?
    Land - 8 Acres, 160+ Unit Potential, Ocala, FL
    Where is this land located?
    The property is located at Marion Oaks Blvd Ocala, FL.
    What is the asking price?
    The asking price for this property is $1,440,000.
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    Marion Oaks Blvd Ocala, FL 34473
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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
    Marion Oaks Blvd Ocala, FL 34473
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