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    6405 38Th St Ocala, FL 34474

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    For Sale
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    12,000 SF, Multi-Tenant Opportunity

    Property size:
    12,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Ocala, Florida property at 6405 SW 38th St offers a compelling investment opportunity. The 12,000 square foot property, built in 2008, is zoned B-5 and features two separate buildings ideal for medical office or retail use. Building 1 comprises 6,000 square feet, currently occupied by a single tenant with a mix of office and warehouse space. Building 2 houses multiple tenants, each occupying approximately 1,500 square feet of office space, with one tenant also utilizing 1,500 square feet of warehouse space. Both buildings are divisible into four 1,500 square foot sections, providing flexibility for future tenants. Beyond the existing buildings, this property includes a significant 2.3-acre parcel zoned M-2, suitable for self-storage or light industrial development. The current tenancy presents a value-add opportunity due to below-market rents. Located in Marion County, Florida, with a 34474 zip code, this property offers a rare combination of existing income and significant future development potential. The property's versatile zoning and existing infrastructure make it an attractive investment for a variety of uses. This is a prime opportunity to acquire a multi-tenant property with substantial upside potential in a growing Florida market.

    Property Features for 6405 38Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,000 SF

    Building Details

    Year Built
    2008
    Property Profile Location Intelligence

    Current Use by Public Records

    FirePrograms Software Software Company Oxylife Respiratory Services Health Manase DeLeon Real Estate Agent Matthew Tinkham - Realty ... Real Estate Agent Michael J. Miller ... Real Estate Agent

    Suggested Use

    Realty agency Building Supply Spa & Massage Auto Repair Shop Hotel & Motel Gym & Fitness Skin Care Clinic Department Store Kitchen & Bath Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.225469908075
    Latitude
    29.150127408349

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    FAQs

    What type of property is this?
    Individual retail property - 12,000 SF, Multi-Tenant Opportunity
    Where is this individual retail property located?
    The property is located at 6405 38Th St Ocala, FL.
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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
    6405 38Th St Ocala, FL 34474
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