Industrial Warehouse for
For Sale
$3,995,000
https //evrealestate.com/en/properties/our-listings/Undisclosed-Address-OCALA-FL-34471-StellarMLS-OM725368, Ocala, FL 34471
Industrial warehouse property available for purchase along S Pine Avenue in Ocala, suited for basic storage or light industrial use.
Property Size15,253 SF
Price / SF$261.92
Days on Market77
Property Features for https //evrealestate.com/en/properties/our-listings/Undisclosed-Address-OCALA-FL-34471-StellarMLS-OM725368
General Information
Standard status
Active
Size
15,253 SF
Zoning
B4
Taxes and HOA fees
Annual Taxes
$16,189
Amenities
Central Air
Building Details
Building Size
15,253 SF
Year Built
1950
Stories
1
Listing Agency:
The Boyd Group
(352) 817-0600
Listed By:
Angie Lester · License #3020792
(352) 817-0600
Source:
Evrealestate
Added: May 26
Changed: Aug 8
Last Checked: Aug 10 at 4:05AM
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 The Boyd Group
Investment Insights
Based on property information with market context.
The property is a warehouse/industrial building offered for sale. It is located at 2230 S Pine Avenue in Ocala, Florida, within Marion County.
Access is described from downtown Ocala by heading south on Pine Ave (State Road 441/301/27), with the site on the right just past the hospital district. The provided directions indicate straightforward arterial access for deliveries and local distribution.
Given the asset is presented as a warehouse/industrial property, it may fit businesses looking for on-site space for warehousing or light industrial operations. This listing package currently provides limited details on interior improvements or unit configuration, so prospective buyers should confirm building layout, clearance, and loading arrangements during due diligence.
Access is described from downtown Ocala by heading south on Pine Ave (State Road 441/301/27), with the site on the right just past the hospital district. The provided directions indicate straightforward arterial access for deliveries and local distribution.
Given the asset is presented as a warehouse/industrial property, it may fit businesses looking for on-site space for warehousing or light industrial operations. This listing package currently provides limited details on interior improvements or unit configuration, so prospective buyers should confirm building layout, clearance, and loading arrangements during due diligence.
Key Highlights
- Industrial warehouse property available for purchase along S Pine Avenue in Ocala, Marion County
- Central Air cooling
- Built in 1950
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
$212,469
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
5.32%
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%
$4,249,380
$4.2M
Cap Rate 7%
$3,035,271
$3.0M
Cap Rate 9%
$2,360,767
$2.4M
Market Conditions
NOI Build-Up for 15,253 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
$261.7K $17.16/SF
− Vacancy
−$11.8K −$0.77/SF
EGI
$250.0K $16.39/SF
− OpEx
−$37.5K −$2.46/SF
NOI
$212.5K $13.93/SF
Area
Marion County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
15.00%
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%
$4,249,380
Cap Rate 7%
$3,035,271
Cap Rate 9%
$2,360,767
Alternative Uses
Best Use
Warehouse
$3.04M
$2.66M – $3.54M
NOI $212,469 @ 7.0% cap · market cap 5.32%
Second Best
Industrial
$2.50M
$2.19M – $2.92M
NOI $174,974 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$8.33M
$7.29M – $9.72M
NOI $583,050 @ 7.0% cap · market cap 14.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
481
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34471, FL
27,632
Population
12,071
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
93%
High-School Grad
19.8 sq mi
ZIP Area
1,396
Density / Sq Mi
$60,283
Median Household Income
$37,565
Median Earnings
$1,225
Median Rent
$292,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse property available for purchase along S Pine Avenue in Ocala, suited for basic storage or light industrial use.
Where is this warehouse located?
The property is located at https //evrealestate.com/en/properties/our-listings/Undisclosed-Address-OCALA-FL-34471-StellarMLS-OM725368 Ocala, FL.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Industrial warehouse property available for purchase along S Pine Avenue in Ocala, Marion County; Central Air cooling; Built in 1950
