1031 16Th St Ocala, FL 34470
- Commercial real estate
- 15,000 SF
- 1.32 lot acres
Current Use by Public Records
- R & D Manufacturing Industries Inc / Machine Shop
- R D Tactical Solutions Gun Rng / Shooting Range
- Nature Coast Firearms Academy / Firearms Academy
Property Details for 1031 16Th St
- Year built
- 1981
- Construction
- STEEL FRAME
- Lot size
- 1.32 lot acres
- Property size
- 15,000 SF
- Zone code
- M1
- Property type
- Commercial real estate
- APN
- 2600-013-000
- APU
- 2600013000
Description
This exceptional investment opportunity presents a 15,000-square-foot manufacturing facility situated on a 1.32-acre lot in Ocala, Florida. The property, located at 1031 NE 16th St, 34470, boasts M-1 zoning and includes two successful, established businesses: a state-of-the-art indoor gun range and a machine shop equipped with CNC machines. The single-story, 1981-built building underwent renovations in 2010 and features a 20-foot ceiling height, two loading docks with two dock-high doors, and ample paved parking and fenced areas. The property is fully insulated and offers a free-span design. The included businesses operate from within the building, encompassing a retail store with a POS system, classrooms for training, and more. The gun range is publicly accessible, offering daily rates and membership packages. The machine shop presents opportunities for client manufacturing and specialty component production. The property has been 100% occupied and offers positive cash flow. Financial details, including tax returns and P&Ls, are available upon execution of a confidentiality agreement. This turnkey operation benefits from a trained and friendly staff, and the current owners are available to assist with a smooth transition. The property is well-located in a 2A-friendly area of Central Florida, within a federally designated Opportunity Zone.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $315,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $400,000
- 6.5%
- $370,000
- 7%
- $395,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $400,000
- Geo Method
- $350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $465,000
- Retail
- $370,000
- Mixed-Use
- $440,000
- Hospitality
- $345,000
- Educational
- $370,000
- Residential Income
- $420,000
- Energy
- $450,000
- Income-Based Land
- $410,000
- Food Service
- $395,000
Location Insight
- Map
- Local Demand
- City
- Ocala
- County
- Marion
- State
- Florida
- Longitude
- -82.1248
- Latitude
- 29.2039
- CBSA code
- 36100
- CBSA name
- OCALA, FL METROPOLITAN STATISTICAL AREA
