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    1921 Fort King St Ocala, FL 34471

    • Commercial real estate
    • 21,968 SF
    • 0.92 lot acres
    For Sale
    View listing
    $1,450,000
    Value Estimation
    Location Intelligence
    Property ID
    US18-3110831
    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

    • Commercial real estate

    Property Details for 1921 Fort King St

    Year built
    1958
    Construction
    STEEL FRAME
    Lot size
    0.92 lot acres
    Property size
    21,968 SF
    Zone code
    B2; R3
    Property type
    Commercial real estate
    APN
    28332-001-20
    APU
    2833200120

    Description

    This 22,230-square-foot warehouse, located at 1921 & 1911 E Fort King St, Ocala, FL 34471, presents a compelling value-add investment opportunity. The single-story, 1958-built structure sits on a 1.71-acre lot and boasts a fee-simple ownership. Currently 100% occupied by a single tenant under a month-to-month lease, the property offers immediate occupancy potential for an owner-user or the chance to lease to a new tenant. The asking price is $1,450,000, translating to $65.23 per square foot. The property features three points of ingress/egress, providing convenient access. The zoning is R3. The property's location on the hard corner of E Fort King St and NE 19th Ave offers high visibility. Recent improvements include resealing and striping of the parking lot. The tenant is currently six months behind on rent. The property's location is within a densely populated area with significant commercial and residential development nearby. The building's address is 1921 & 1911 E Fort King St, Ocala, FL 34471, and the APN is 28332-001-20, 28332-001-18. This property offers a rare chance to acquire a well-located warehouse at a price significantly below replacement cost.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $450,000

    • CAP approach

      CAP return
      Estimation
      6%
      $580,000
      6.5%
      $645,000
      7%
      $650,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $630,000
      Geo Method
      $555,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $525,000
      Retail
      $700,000
      Mixed-Use
      $655,000
      Hospitality
      $630,000
      Educational
      $710,000
      Residential Income
      $610,000
      Energy
      $540,000
      Income-Based Land
      $580,000
      Food Service
      $605,000

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.1117
    Latitude
    29.1858
    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
    $13,586
    $88,572
    $332,029
    $420,601
    -
    $88,572
    $332,029
    $420,601

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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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