Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4848 Hwy 40 Ocala, FL 34482-4041

    • Industrial properties
    • 9.43 lot acres
    OFF-MARKET
    Last Sale
    Jun 25, 2024
    $250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6433026
    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.

    Current Use by Public Records

    • Industrial properties

    Property Details for 4848 Hwy 40

    Lot size
    9.43 lot acres
    Zone code
    M1
    Property type
    Industrial properties
    APN
    22860-000-00
    APU
    2286000000

    Description

    This exceptional 9.43-acre commercial land parcel presents a remarkable development opportunity in Ocala, Florida. Strategically located on West Highway 40, this property boasts significant highway frontage and ample paved areas, making it ideal for a variety of commercial uses. The site is currently zoned B-2 (City of Ocala), but the owner will facilitate a zoning change to M-1/B-5 following due diligence. Existing infrastructure includes readily available city water, sewer, and power. Its advantageous position offers excellent proximity to the I-75 interchange and the Ocala Airport Commerce Center, enhancing its accessibility and appeal. Further enhancing its value, a signalized corner is planned, with road construction slated for Summer 2024, and a large-scale development is already in the planning stages for this high-traffic intersection. This property's combination of size, location, and infrastructure makes it an exceptional investment opportunity for developers seeking a prime location in a rapidly growing area. The property's APN is 22860-000-00. The asking price for this significant commercial land parcel is $6,300,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocala
    County
    Marion
    State
    Florida
    Longitude
    -82.199
    Latitude
    29.1854
    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
    $14,125
    $677,772
    $123,866
    $801,638
    -
    $677,772
    $123,866
    $801,638

    Comparable in this City

    • Value Estimation by Request
      2.00 Acres

      Ocala, FL 34482

      INDUSTRIAL (GENERAL) • 2.00 Acres
      Ocala, FL 34482
      View Details
    • Value Estimation by Request
      644 SF

      7179 44th Ave

      INDUSTRIAL (GENERAL) • 644 SF
      7179 44th Ave, Ocala, FL 34482-2217
      View Details
    • Value Estimation
      $1,310,000
      3.94 Acres

      Ocala, FL 34482

      INDUSTRIAL (GENERAL) • 3.94 Acres
      Ocala, FL 34482
      View Details
    • Value Estimation
      $1,040,000
      8.86 Acres

      Ocala, FL 34482

      INDUSTRIAL (GENERAL) • 8.86 Acres
      Ocala, FL 34482
      View Details
    • Value Estimation
      $1,035,000
      2.59 Acres

      Ocala, FL 34482

      INDUSTRIAL (GENERAL) • 2.59 Acres
      Ocala, FL 34482
      View Details
    • Value Estimation by Request
      2.60 Acres

      Ocala, FL 34482

      INDUSTRIAL (GENERAL) • 2.60 Acres
      Ocala, FL 34482
      View Details

    Similar Nearby for Sale

    • $5,250,000
      21.03 Acres

      I-75 Ocala Commercial Land

      Prime 21-acre I-75 commercial site.
      7575 42Nd Avenue Rd, Ocala, FL 34482
      View Details
    • Contact for pricing
      6.93 Acres

      Ocala Industrial Land - 59 Acres Total

      Three parcels, prime industrial location. Excellent investment opportunity.
      0 44Th Ave, Ocala, FL 34482
      View Details
    • $8,000,000
      60,556 SF

      OCALA Warehouse with I-75 Frontage

      60,000+ sqft warehouse with I-75 frontage, zoned M-1.
      5407 NW 44Th Ave, Ocala, FL 34482
      View Details
    • $425,000

      Prime Ocala Agricultural Land

      10 Acres, Wooded, Pond View
      13925 Us Highway 27, Ocala, FL 34482
      View Details
    • $8,400,000
      2,124 SF

      Ocala Commercial Land - 14 Acres

      Prime Ocala location, 14+ acres, B-5 zoning.
      3717 44Th Ave, Ocala, FL 34482
      View Details
    • $7,218,000
      2,124 SF

      Ocala Commercial Land - 12 Acres

      Prime Ocala location, B-5 zoning, high visibility.
      3755 44Th Ave, Ocala, FL 34482
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,570,040 SF

      Ocala Industrial Land for Lease

      Prime Ocala industrial land, flexible acreage.
      0 44Th Ave, Ocala, FL 34482
      View Details
    • $10 SF/Yr
      12,000 SF

      Three Warehouses Near I-75

      Three 12,000 SF warehouses available for lease near I-75.
      11437 SW 90Th Ter, Ocala, FL 34482
      View Details
    • New
      $1,500 /Mo
      12,773 SF

      Commercial Space Near Highway 40

      Open commercial space with garage doors and office space.
      4281 Highway 40 W, Ocala, FL 34482
      View Details
    • Contact for pricing
      175,640 SF

      Industrial Space Near Interstate 75

      Industrial and distribution spaces available near major Florida markets.
      Northwest 44Th Avenue Rd, Ocala, FL 34482
      View Details
    • $122,000

      Industrial Property Available in 2026

      12,200 SF industrial property available for rent in 2026.
      4510 Highway 40 W, Ocala, FL 34482
      View Details
    • Contact for pricing
      12,000 SF

      New Class-A Small-Bay Warehouse

      Class-A warehouse with dock and grade level loading near I-75.
      3950 Northwest 11Th Street Rd, Ocala, FL 34482
      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.
    4848 Hwy 40
    Ocala, FL 34482-4041
    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

    Google sign-in failed. Please try again or use another login method.