Three-Building Mixed-Use
For Sale
$325,000
934 NW 17th Ave, Ocala, FL 34475
B-4-zoned property combines a residence, detached garage, and warehouse with industrial electrical service.
Property Size3,507 SF
Price / SF$92.67
Days on Market13
Property Features for 934 NW 17th Ave
General Information
Standard status
Active
Size
3,507 SF
Zoning
B-4
Warehouse & Industrial
Warehouse Space
2,355 SF
Three-Phase Power
Yes
Conditioned Warehouse
No
Building Details
Year Built
1965
Buildings
3
Listing Agency:
WEICHERT REALTORS HALLMARK PRO
(352) 875-1976
Listed By:
Rose Charboneau · License #3357406
Source:
Livewelltampabay
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 29 at 12:18PM
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 WEICHERT REALTORS HALLMARK PRO
Investment Insights
Based on property information with market context.
This B-4-zoned mixed-use property includes three separate buildings totaling 3,507 square feet: a residential building with a 2/1 layout, a 24' x 24' garage, and a 2,355-square-foot warehouse. Each building carries its own address. The warehouse is equipped with 3-phase high-leg electrical service and compressed-air outlets throughout. Air conditioning and heat are not present in the garage or warehouse. The property was built in 1965, and its septic system was installed in 2019.
Located at 934 NW 17th Ave in Ocala, the property combines residential, garage, and warehouse improvements within one B-4 commercial-zoned site.
Located at 934 NW 17th Ave in Ocala, the property combines residential, garage, and warehouse improvements within one B-4 commercial-zoned site.
Key Highlights
- Three separate buildings totaling 3,507 square feet
- 2,355‑square‑foot main warehouse with 3‑phase high‑leg service
- Residential building with a 2/1 layout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,004
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$580,080
$580.1K
Cap Rate 7%
$414,343
$414.3K
Cap Rate 9%
$322,267
$322.3K
Market Conditions
NOI Build-Up for 3,507 SF
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.
Gross rent
$48.4K $13.80/SF
− Vacancy
−$3.8K −$1.08/SF
EGI
$44.6K $12.72/SF
− OpEx
−$15.6K −$4.45/SF
NOI
$29.0K $8.27/SF
Area
Marion County, FL
Vacancy
7.80%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$580,080
Cap Rate 7%
$414,343
Cap Rate 9%
$322,267
Alternative Uses
Best Use
Warehouse
$697.9K
$610.6K – $814.2K
NOI $48,851 @ 7.0% cap · market cap 15.03%
Second Best
Mixed Use
$629.2K
$550.5K – $734.0K
NOI $44,042 @ 7.0% cap · market cap 13.55%
Theoretical Best
Office A
$1.92M
$1.68M – $2.23M
NOI $134,056 @ 7.0% cap · market cap 41.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 34475, FL
14,780
Population
5,668
Households
2.6
Avg Household Size
38
Median Age
13%
College-Educated
84%
High-School Grad
27.8 sq mi
ZIP Area
532
Density / Sq Mi
$33,515
Median Household Income
$24,854
Median Earnings
$871
Median Rent
$170,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - B-4-zoned property combines a residence, detached garage, and warehouse with industrial electrical service.
Where is this mixed-use property located?
The property is located at 934 NW 17th Ave Ocala, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three separate buildings totaling 3,507 square feet; 2,355‑square‑foot main warehouse with 3‑phase high‑leg service; Residential building with a 2/1 layout
