Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1521 12th Ave Ocala, FL 34471-0514
    Back to Search
    Property profile & analytics

    1521 12th Ave Ocala, FL 34471-0514

    View on Map
    • Parking lots & garages
    • 1.99 lot acres
    Off-Market
    Property ID
    US18-6962589
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ocala Truck Parts & Services / Auto Parts Store / Big Box & Wholesale Store
    • All-Clean HVAC/ Duct Services / HVAC Service / General Contractor
    • Family Traditions - Previously DBA ABC / Construction Company
    • Sibe Automation / Factory / Industrial Manufacturer
    • Mega Sound / Glass Masters, Inc. / Interior Design / Auto Repair Shop

    Property Details for 1521 12th Ave

    Lot size
    1.99 lot acres
    Zone code
    M1
    Property type
    Parking lots & garages
    APN
    23688-000-01
    APU
    2368800001

    Description

    This Ocala, Florida property offers two adjacent, available warehouse units, each spanning 2,100 square feet. Located at 1521 SW 12th Avenue, 34471, in Marion County, these units are perfect for businesses seeking flexible space. Each unit features 475 square feet of office space, complete with two offices, a bathroom, a kitchenette, and a storage closet. The remaining space is dedicated to warehouse use, boasting high ceilings and a large ground-level roll-up door for easy loading and unloading. Adding to the functionality, each unit includes 475 square feet of mezzanine space above the office area, providing additional storage or workspace. Both units are fully heated and cooled for year-round comfort. The property is zoned M-1, offering versatility for various industrial uses. The strategic location offers easy access to major roadways, including SW 17th Street, Highway 200, and other key transportation arteries, ensuring convenient commutes and efficient logistics. A total of 4,200 square feet of vacant space is currently available. The minimum divisible space is 2,100 square feet, with a maximum contiguous space of 2,100 square feet. This property is available for sale or lease on a net-net-net (NNN) basis.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.1479
    Latitude
    29.1737
    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
    $0.00
    $0.00
    $0.00
    $106,427
    -
    $239,234
    $20,129
    $259,363

    Comparable in this City

    • Value Estimation by Request
      0.28 Acres

      Ocala, FL 34471

      PARKING LOT • 0.28 Acres
      Ocala, FL 34471
      View Details
    • Value Estimation by Request
      0.33 Acres

      Ocala, FL 34471

      PARKING LOT • 0.33 Acres
      Ocala, FL 34471
      View Details
    • Value Estimation by Request
      0.07 Acres

      Ocala, FL 34471

      PARKING LOT • 0.07 Acres
      Ocala, FL 34471
      View Details
    • Value Estimation by Request
      0.15 Acres

      4650 1st Ct

      PARKING LOT • 0.15 Acres
      4650 1st Ct, Ocala, FL 34471
      View Details
    • Value Estimation by Request
      0.60 Acres

      322 Magnolia Ave

      PARKING LOT • 0.60 Acres
      322 Magnolia Ave, Ocala, FL 34471
      View Details
    • Value Estimation by Request
      0.28 Acres

      2118 20th Pl

      PARKING LOT • 0.28 Acres
      2118 20th Pl, Ocala, FL 34471-0867
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,500 SF

      Ocala Area Adult Entertainment Destination

      Adult entertainment venue with full bar and ample parking.
      301 S Pine Ave, Ocala, FL 34471
      View Details
    • Contact for pricing
      6,955 SF

      Ocala Bank with Drive-Thru

      Class A bank with drive-thru and ATM in Ocala.
      2510 SE Maricamp Rd, Ocala, FL 34471
      View Details
    • $2,200,000

      Downtown Ocala Parking Lot

      45-space parking lot in fast-growing downtown Ocala.
      94 Southwest Fort King St, Ocala, FL 34471
      View Details
    • $1,600,000
      2,348 SF

      Ocala Commercial Property For Sale

      Prime commercial property in Ocala, Florida, with convenient access.
      1931 SW 27Th Ave, Ocala, FL 34471
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office/Retail Space on SR200

      Second-floor space with high visibility, suitable for office or retail.
      2611 SW College Rd, Ocala, FL 34471
      View Details
    • Contact for pricing
      4,550 SF

      Retail Space Near Publix Prototype

      Retail space available near a newly completed Publix prototype.
      2645-2699 NE 35Th St, Ocala, FL 34471
      View Details
    • Contact for pricing
      16,617 SF

      Ocala Retail Space Available

      Retail property available for rent in Ocala, Florida.
      3030 SW 27Th Ave, Ocala, FL 34471
      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.
    1521 12th Ave
    Ocala, FL 34471-0514
    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
    1521 12th Ave, Ocala, FL, 34471
    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!