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Property profile & analytics
OFF-MARKET
Parking lots & garages
406 8th Ave Ocala, FL 34470-5348
Individually Owned
16-yr Hold
Free & Clear
Property ID
US18-8192178
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1952
Total area
2,088 SF
Lot
0.18 ac (7,841 SF)
Zoning code
B1
APN
2826-014-002
UPID
US18-8192178
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sparkman,donald R Tr · 16 yrs held
Sparkman,donald R Tr
since 2010
7 recorded transactions
Zoning & alternative use
B1 · Ocala, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ocala submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocala submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$503
Tax year 2023
Assessed value
$24,515
Assessed 2023
Previous assessed
$27,197
-9.9% YoY
Effective rate
2.05%
On assessed value
Assessed land
$23,523
Assessed improvement
$992
Land market value
$23,523
Improvement market value
$3,674
Total market value
$27,197
Applied tax rate
1,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1952
Heating
YES
Cooling
YES
Stories
2
Bathrooms
2
Total area
2,088 SF
Lot
0.18 ac (7,841 SF)
Zoning code
B1
APN
2826-014-002
UPID
US18-8192178
Jurisdiction
MARION
Zoning & alternative use
B1 · Ocala, FL
Zoning B1 · permitted uses
B1 · Ocala, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocala. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1952
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.18 ac
Current owner
From public records · entity-resolved
Sparkman,donald R Tr
Individual
Free & Clear · 16 yrs held
Mailing address
4110 SW 5TH AVE, OCALA, FL 34471-8419
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2010
$22,000
Sparkman,donald R Tr
Miller Consultants INC
Warranty Deed
—
Mar 10, 2009
—
Miller Consultants INC
Court Clerk Of Marion County
Trustees Deed
related
—
Aug 25, 2006
$113,000
John R Crabtree
Singh,narain
Warranty Deed
—
Aug 25, 2006
—
John R Crabtree
Singh,angad
Warranty Deed
$160,000 · Miller Consultants INC
Feb 3, 2005
$95,000
Angad Singh
406 8th Avenue Land Trust
Warranty Deed
—
Sep 9, 2004
$40,000
406 8th Avenue Land Trust
C & A Properties
Grant Deed
$85,000 · Miller Consultants INC
Mar 17, 2004
$69,900
C A Properties
Rawls,james R & Kay R
Grant Deed
—
Oct 26, 2002
$39,000
James R Rawls
Mack,carol A
Grant Deed
$100,750 · C A Properties
—
—
James R Rawls
—
Deed Of Trust
related
$7,000 · Unser Investments INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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