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Property profile

422 16th St Ocala, FL 34471

OFF-MARKET
Commercial real estate
Property ID
US18-5734888
View Sample
6,640 SF 0.33 ac lot Built 1964
Entity Owned ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 6,640-square-foot flex commercial space presents a unique investment opportunity in the heart of Ocala, Florida. Located at 422 SW 16th St, this single-tenant property sits on a 0.33-acre lot and is zoned B-4, allowing for a diverse range of commercial uses. The building's entire 6,640 square feet is currently vacant, providing immediate occupancy for a new tenant. Its strategic location offers unparalleled access to Ocala's vibrant amenities. Businesses will benefit from the proximity to major thoroughfares including US 441/301, SR 200, SR 40, and the Marion County Courthouse. The hospital district is also conveniently close by, making this property attractive to a wide range of businesses. This property is perfect for businesses seeking a high-visibility location with easy access to Ocala's bustling commercial center and its extensive transportation network. The B-4 zoning provides flexibility for various commercial ventures, ensuring a versatile and adaptable space for future growth and expansion. This is a rare opportunity to acquire a substantial, well-located commercial property in a thriving market. The property's size and zoning make it suitable for a variety of businesses seeking a prominent presence in Ocala. Don't miss this chance to secure a prime location for your business or investment portfolio.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,640 SF
Lot 0.33 ac (14,375 SF)
Zoning code B4
APN 28575-017-17
UPID US18-5734888

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
  • Theater & Performing Art Venue Music Venue

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2026
Last sale
$299,900
7 recorded transactions
2026
$525,000
2024
Price N/A
2024
$299,900
2020
$150,000
2018
$200,000
2012
Price N/A
2003
$81,000

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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