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    1839 College Rd Ocala, FL 34471

    Sponsored
    For Sale
    $2,500,000

    Class A Retail Building, High NOI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Class A retail building, located at 1839 SW College Rd, Ocala, FL 34471, presents a compelling investment opportunity. Situated on a 0.64-acre lot with excellent frontage on SR 200 (College Road), Ocala's premier commercial corridor, the property boasts substantial renovations tailored to its current tenant. Currently leased to Curaleaf Florida, a medical cannabis dispensary, under a NNN lease with a current annual net income (NOI) of $131,196 and 5% annual escalations. The lease term extends to November 2028, offering long-term stability. The building features a reception area, pharmacy, consultation rooms, warehouse space, and four roll-up doors with varying dock-high loading capabilities. Ample parking is available. Its strategic location provides easy access to I-75, US Hwys 441/301/27, downtown Ocala, local hospitals, and the Marion County Courthouse. The asking price is $2,500,000. This property offers a strong return on investment with a stable tenant and a prime location in a thriving market.

    Property Features for 1839 College Rd

    General Information

    Property type
    Retail properties
    Class
    A
    Lot Size
    27,878 SF

    HighLights

    • $2,500,000 asking price.
    • Class A retail building.
    • NNN lease, 5‑year term, expiring/renewable November 2028.
    • $131,196 annual net income with 5% annual escalations.
    • 0.64‑acre lot on SR 200 in Ocala, FL, near I‑75 and US Hwys 441/301/27.
    Property Profile Location Intelligence

    Current Use by Public Records

    Curaleaf Dispensary Ocala Alternative Medicine Practitioner

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.1565326
    Latitude
    29.1763919

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    FAQs

    What type of property is this?
    Retail property - Class A Retail Building, High NOI
    Where is this retail property located?
    The property is located at 1839 College Rd Ocala, FL.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price.; Class A retail building.; NNN lease, 5-year term, expiring/renewable November 2028.
    (352) 622-8127
    Request Owner's contact information
    1839 College Rd 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
    1839 College Rd Ocala, FL 34471
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