Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2875 87th Pl Ocala, FL 34476
    Back to Search
    Property profile & analytics

    2875 87th Pl, Ocala, FL 34476

    View on Map
    • Mobile home & RV parks
    • 9.43 lot acres
    Off-Market
    Property ID
    US18-4947239
    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

    • Mobile home & RV parks

    Property Details for 2875 87th Pl

    Lot size
    9.43 lot acres
    Zone code
    PMH
    Property type
    Mobile home & RV parks
    APN
    35617-002-00
    APU
    3561700200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 28, 2020 — Jeno Realty LLC — Deed · related $90k · Sturgis Realty Ltd
    Dec 1, 2005 $300,000 Jeno Realty LLC Owner Name Unavailable Grant Deed · related —
    Feb 5, 2000 $225,000 Sturgis Realty Ltd Vincent A Stona Trustee Grant Deed · related —
    Mar 6, 1997 $120,000 B V S 3 Corp Buday,judith Grant Deed · related —
    — — Jeno Realty LLC — Deed Of Trust · related $922k · Citizens First National Bank
    — — Jeno Realty LLC — Deed Of Trust · related $90k · Sturgis Realty Ltd

    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
    -82.1724
    Latitude
    29.0961
    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
    $7,020
    $188,600
    $171,550
    $360,150
    -
    $188,600
    $288,531
    $477,131

    Comparable in this City

    • Value Estimation by Request
      2,496 SF

      9455 31St Ct

      Multifamily properties
      9455 31St Ct, Ocala, FL 34476
      View Details
    • Value Estimation by Request

      1836 109Th Pl

      Multifamily properties
      1836 109Th Pl, Ocala, FL 34476
      View Details
    • Value Estimation by Request
      10.00 Acres

      200 State Rd

      Multifamily properties
      200 State Rd, Ocala, FL 34476
      View Details
    • Value Estimation by Request
      0.60 Acres

      7685 102Nd Loop

      Land
      7685 102Nd Loop, Ocala, FL 34476
      View Details
    • Value Estimation by Request
      6.47 Acres

      Ocala, FL 34476

      WASTE DISPOSAL, SEWAGE
      Ocala, FL 34476
      View Details
    • Value Estimation by Request
      0.37 Acres

      Ocala, FL 34476

      WASTE DISPOSAL, SEWAGE
      Ocala, FL 34476
      View Details

    Similar Nearby for Sale

    • $1,999,999
      3,794 SF

      Ocala Farm with Equestrian Amenities

      6.89-acre Ocala farm featuring residences, barn, and equestrian facilities.
      10925 SW 16Th Ave, Ocala, FL 34476
      View Details
    • Contact for pricing
      Pending

      New Two-Story Townhome For Sale

      Under construction two-story townhome with open layout and included appliances.
      6607 SW 81St Loop, Ocala, FL 34476
      View Details
    • Contact for pricing
      Pending

      Maintenance-Free Townhome Near Highways

      New two-story townhome with open layout and convenient location.
      4947 SW 81St Loop, Ocala, FL 34476
      View Details
    • Contact for pricing
      0.21 Acres

      Vacant Land Investment Opportunity

      Vacant lots suitable for manufactured or single-family homes.
      9365 SW 32Nd Ter, Ocala, FL 34476
      View Details
    • $72,000
      0.62 Acres

      Ocala Land in Growing Neighborhood

      0.62 acre lot in a convenient Ocala location.
      SW 111Th Pl, Ocala, FL 34476
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Ocala Land for Lease

      Land for lease in a Publix-anchored shopping center.
      9504 SW 62Nd Loop, Ocala, FL 34476
      View Details
    • Contact for pricing
      8 SF

      Retail Development Opportunity For Lease

      Ground lease opportunity ideal for restaurants, gas stations, and more.
      SW 60Th Ave, Ocala, FL 34476
      View Details
    • Contact for pricing
      900 SF

      Ocala Retail Center Space Available

      Retail and office spaces available in a highly visible center.
      6102-6120 SW State Rd 200, Ocala, FL 34476
      View Details
    • $5,500 /Mo
      5,250 SF

      Ocala Assembly Building For Rent

      5,000+ SF assembly building, conveniently located near I-75.
      1601 NW 14Th St, Ocala, FL 34476
      View Details
    • $33,600

      Renovated Commercial Building with Flexible Space

      Move-in ready commercial building with showroom, office, and storage.
      7535 SW 62Nd Ct, Ocala, FL 34476
      View Details
    • $10,000 /Mo

      Luxury Equestrian Farm Short-Term Lease

      Elite Ocala equestrian property near WEC and HITS for lease.
      11257 SW 50Th Ave, Ocala, FL 34476
      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.
    2875 87th Pl
    Ocala, FL 34476
    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
    2875 87th Pl, Ocala, FL, 34476
    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!