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    1839 College Rd Ocala, FL 34471

    • Commercial real estate
    • 10,933 SF
    • 0.64 lot acres
    For Sale
    View listing
    $2,500,000
    Value Estimation
    Location Intelligence
    Property ID
    US18-3202881
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Curaleaf Dispensary Ocala / Alternative Medicine Practitioner / Cannabis Store

    Property Details for 1839 College Rd

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.64 lot acres
    Property size
    10,933 SF
    Zone code
    B4
    Property type
    Commercial real estate
    APN
    23500-000-00
    APU
    2350000000

    Description

    This Class A retail building, located at 1839 SW College Rd, Ocala, FL 34471, presents a compelling investment opportunity. Situated on a 0.64-acre lot with excellent frontage on SR 200 (College Road), Ocala's premier commercial corridor, the property boasts substantial renovations tailored to its current tenant. Currently leased to Curaleaf Florida, a medical cannabis dispensary, under a NNN lease with a current annual net income (NOI) of $131,196 and 5% annual escalations. The lease term extends to November 2028, offering long-term stability. The building features a reception area, pharmacy, consultation rooms, warehouse space, and four roll-up doors with varying dock-high loading capabilities. Ample parking is available. Its strategic location provides easy access to I-75, US Hwys 441/301/27, downtown Ocala, local hospitals, and the Marion County Courthouse. The asking price is $2,500,000. This property offers a strong return on investment with a stable tenant and a prime location in a thriving market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $390,000

    • CAP approach

      CAP return
      Estimation
      6%
      $360,000
      6.5%
      $320,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $340,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $355,000
      Retail
      $380,000
      Mixed-Use
      $295,000
      Hospitality
      $340,000
      Educational
      $290,000
      Residential Income
      $345,000
      Energy
      $335,000
      Income-Based Land
      $330,000
      Food Service
      $385,000

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.1565
    Latitude
    29.1763
    CBSA code
    36100
    CBSA name
    OCALA, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,703
    $362,414
    $392,853
    $755,267
    -
    $362,414
    $487,032
    $849,446

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    Ocala, FL 34471
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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
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