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Property profile

1824 Pne Ave Ocala, FL 34475

OFF-MARKET
Automotive properties
Property ID
US18-0457256
0.38 ac lot Built 1947
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 1824 N Pine Ave in Ocala, Florida, presents a unique investment opportunity. The 2.27-acre lot boasts a prime location in the bustling N Pine/US Hwy 441/301 business district, offering convenient access from two roadways. The property comprises two buildings totaling 5,506 square feet of net rentable space. Building #1, a modern, updated 3,406 square foot Class A structure, features multiple offices, a break room, restrooms, warehouse space, and storage. A large 1,140 square foot entry canopy adds to its appeal. Building #2, also Class A, offers additional office space, restrooms, and a workshop/warehouse area with three roll-up doors. The property includes a well-maintained, paved parking lot with capacity for approximately 150 vehicles and is enhanced by LED lighting. The property is zoned B-4, offering a wide range of potential uses, including but not limited to: restaurants, retail, medical clinics, professional offices, automotive, marine, off-road, and farm equipment sales. Built in 2002, this single-story complex is currently vacant and available for $930,000. The seller is offering financing options with 25% down, 6% interest, and a 5-year balloon payment. This meticulously maintained property represents a compelling investment opportunity in a high-traffic area. The property's two buildings and ample parking make it ideal for a variety of commercial ventures. The property's location and zoning provide significant flexibility for future development and expansion.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1947
Lot 0.38 ac (16,553 SF)
Zoning code B4
APN 25434-000-00
UPID US18-0457256

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Car Dealership

Location

1824 Pne Ave Ocala, FL 34475-9120
Ocala metro Census 1500 OCALA, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2023
6 recorded transactions
2023
Price N/A
2019
Price N/A
2011
$450,000
2006
$498,800
2006
$165,000
1969
Price N/A

Zoning & alternative use

B4 · Ocala, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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