This exceptional 3.38-acre parcel presents a rare development opportunity in Ocala, Florida. Zoned R3, this high-density residential site is one of the last large tracts available within city limits, offering significant potential for a high-impact project. Ideally situated just off State Road 40, the property enjoys convenient access from both Northeast 3rd and Northeast 7th Streets, and sits directly across from the Ocala City Golf Course. Its prime location offers proximity to Downtown Ocala (minutes away) and Silver Springs Theme Park (2 miles). The land boasts a flat topography with a gentle slope ensuring excellent drainage. Extensive due diligence has already been completed, including soil borings, eliminating significant pre-development hurdles. Essential utilities are in place, further streamlining the development process; a sewage manhole is conveniently located on the site. This is a unique chance to acquire a premium parcel in a highly desirable Ocala neighborhood, poised for exceptional returns. The property's features, combined with its strategic location, make it an unparalleled investment opportunity for discerning developers. This level lot at 2197 NE 3rd St, Ocala, FL 34470, presents a chance to build a legacy project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.