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    1921 Fort King St Ocala, FL 34471

    Sponsored
    For Sale
    $1,450,000

    22,230 SF Warehouse, 1.71 Acres

    Property size:
    22,230 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 22,230-square-foot warehouse, located at 1921 & 1911 E Fort King St, Ocala, FL 34471, presents a compelling value-add investment opportunity. The single-story, 1958-built structure sits on a 1.71-acre lot and boasts a fee-simple ownership. Currently 100% occupied by a single tenant under a month-to-month lease, the property offers immediate occupancy potential for an owner-user or the chance to lease to a new tenant. The asking price is $1,450,000, translating to $65.23 per square foot. The property features three points of ingress/egress, providing convenient access. The zoning is R3. The property's location on the hard corner of E Fort King St and NE 19th Ave offers high visibility. Recent improvements include resealing and striping of the parking lot. The tenant is currently six months behind on rent. The property's location is within a densely populated area with significant commercial and residential development nearby. The building's address is 1921 & 1911 E Fort King St, Ocala, FL 34471, and the APN is 28332-001-20, 28332-001-18. This property offers a rare chance to acquire a well-located warehouse at a price significantly below replacement cost.

    Property Features for 1921 Fort King St

    General Information

    Property type
    Distribution properties
    Square Feet
    22,230 SF
    Lot Size
    74,488 SF

    Building Details

    Year Built
    1958
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Exceptional Value: Priced significantly below replacement cost at $65.22 per square foot.
    • Newly Improved Parking: Recently resealed and restriped parking lot.
    • Ready for Move‑In: Immediate occupancy is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.1118134
    Latitude
    29.1856831

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    FAQs

    What type of property is this?
    Distribution property - 22,230 SF Warehouse, 1.71 Acres
    Where is this distribution property located?
    The property is located at 1921 Fort King St Ocala, FL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Exceptional Value: Priced significantly below replacement cost at $65.22 per square foot.; Newly Improved Parking: Recently resealed and restriped parking lot.; Ready for Move-In: Immediate occupancy is available.
    Request Owner's contact information
    1921 Fort King St Ocala, FL 34471
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    Ocala, FL 34471
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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
    1921 Fort King St Ocala, FL 34471
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