Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3602 8Th St Ocala, FL 34470
    Back to Search
    Property profile & analytics

    3602 8Th St, Ocala, FL 34470

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3602 8Th St

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail space, located at 3602 NE 8th Pl, Unit H, Ocala, FL 34470, offers 900 square feet of versatile commercial space. Currently available for lease, this single-tenant unit is situated in Marion County and is ideally suited for a variety of businesses. The property is zoned B-2A, providing flexibility for various commercial uses. The unit boasts its own private office and restroom, enhancing functionality and privacy. Units H, I, and J are available, offering leasing options ranging from 900 square feet to a combined 2,700 square feet. Leasing all three units would provide a total of 2,700 square feet, including three offices, three restrooms, and a storage closet. Recent improvements by the new property owners have modernized the building, ensuring a fresh and updated space for tenants. The convenient location makes this property an attractive option for retail, personal services, or office businesses seeking a well-maintained and adaptable space in Ocala, Florida. The property's address is 3602 NE 8th Pl, Unit H, Ocala, FL 34470.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.0863
    Latitude
    29.1954

    Comparable in this City

    • Value Estimation by Request

      3602 Ocala

      Retail properties & Spaces
      3602 Ocala, Ocala, FL 34470
      View Details
    • Value Estimation by Request

      Maricamp Rd

      Land
      0 Maricamp Rd, Ocala, FL 34470
      View Details
    • Value Estimation by Request

      3602 8Th St

      Retail properties & Spaces
      3602 8Th St, Ocala, FL 34470
      View Details
    • Value Estimation by Request
      1.91 Acres

      3280 Silver Springs Blvd

      Restaurants
      3280 Silver Springs Blvd, Ocala, FL 34470
      View Details
    • Value Estimation by Request
      115,391 SF

      1739 Silver Springs Blvd

      Lifestyle centers
      1739 Silver Springs Blvd, Ocala, FL 34470
      View Details
    • Value Estimation by Request
      1,400 SF

      1139 Silver Springs Blvd

      Retail properties & Spaces
      1139 Silver Springs Blvd, Ocala, FL 34470
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Ocala Commercial Land For Sale

      1.47 acre commercial land in Ocala, Florida.
      1007 NE 25Th St, Ocala, FL 34470
      View Details
    • $5,675,000
      86,011 SF

      Mixed-Use Plaza on 10.62 Acres

      86,011 SF mixed-use plaza on a 10.62 acre parcel.
      1601 NE 25Th Ave, Ocala, FL 34470
      View Details
    • Contact for pricing
      1,345 SF

      Ocala Storefront on Silver Springs

      Storefront property available for sale in Marion County, Florida.
      1708 E Silver Springs Blvd, Ocala, FL 34470
      View Details
    • Contact for pricing
      5,119 SF

      Net-Leased Retail Asset For Sale

      Single-tenant retail property with long-term corporate lease and built-in rent growth.
      3135 E Silver Springs Blvd, Ocala, FL 34470
      View Details
    • $425,000
      3,083 SF

      Ocala Commercial Repurposing Opportunity

      High-visibility corner lot suitable for redevelopment or repurposing.
      1327 E Silver Springs Blvd, Ocala, FL 34470
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Ocala Retail/Office Space Available

      Retail/Office space for rent on East Silver Springs Blvd.
      1410 E Silver Springs Blvd, Ocala, FL 34470
      View Details
    • $22,800

      Retail Suite on NE 36th

      Highly visible retail suite with versatile open floor plan.
      3602 NE 8Th Pl, Ocala, FL 34470
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space in Ocala Center

      Retail space available in established Ocala shopping center.
      1739-2005 E Silver Springs Blvd, Ocala, FL 34470
      View Details
    • Contact for pricing
      7,680 SF

      Retail Space on Silver Springs

      Retail spaces available in Ocala with high traffic volume.
      2531-2703 E Silver Springs Blvd, Ocala, FL 34470
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3602 8Th St
    Ocala, FL 34470
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3602 8Th St, Ocala, FL, 34470
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!