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

    5960 S Pine Ave Ocala, FL 34480

    • Commercial real estate
    • 1,300 SF
    • 0.56 lot acres
    For Sale
    View listing
    $799,000
    Last Sale
    Aug 14, 2023
    $475,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5457338
    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

    • The Garden spot of the sunshine state / Garden Center / Landscaping
    • Ocala Preperations of Ocala / Car Dealership

    Property Details for 5960 S Pine Ave

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.56 lot acres
    Property size
    1,300 SF
    Zone code
    B4
    Property type
    Commercial real estate
    APN
    3599-001-001
    APU
    3599001001

    Description

    This exceptional 2,250 square foot mixed-use property in Ocala, Florida, presents a unique investment opportunity. Situated on a 1.84-acre lot with 217 feet of road frontage on heavily trafficked Highway 441/301/27 (29,000 vehicles daily), this property boasts unparalleled visibility. The site includes a newly remodeled 1,300 square foot office building featuring three private offices, a conference room, kitchen, and bathroom, all equipped with new HVAC. An additional 800 square foot concrete block storage building with a recent metal roof complements the property. Both buildings are constructed of concrete block and boast recently installed metal roofs. The property is fully fenced, providing enhanced security. Currently utilized as a plant nursery, this versatile space is zoned B-5, B-4, and R-1, offering a wide range of potential uses, including its previous function as a car lot. A secondary access point on SW 59th Street provides convenient access and additional flexibility. The property is currently listed for rent at $3,000 per month for the entire building or $600 per month for individual offices. This prime location and flexible zoning make this an ideal investment for a variety of businesses seeking high visibility and ample space. MLS#OM690517.

    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
    -82.1045
    Latitude
    29.1278
    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
    $1,818
    $60,985
    $30,789
    $91,774
    -
    $60,985
    $52,604
    $113,589

    Comparable in this City

    • Value Estimation by Request
      1.11 Acres

      Ocala, FL 34480

      COMMERCIAL (GENERAL) • 1.11 Acres
      Ocala, FL 34480
      View Details
    • Value Estimation by Request
      6.43 Acres

      Ocala, FL 34480

      COMMERCIAL (GENERAL) • 6.43 Acres
      Ocala, FL 34480
      View Details
    • Value Estimation by Request
      3.41 Acres

      Ocala, FL 34480

      COMMERCIAL (GENERAL) • 3.41 Acres
      Ocala, FL 34480
      View Details
    • Value Estimation by Request
      0.59 Acres

      Ocala, FL 34480

      COMMERCIAL (GENERAL) • 0.59 Acres
      Ocala, FL 34480
      View Details
    • Value Estimation by Request
      3.00 Acres

      Ocala, FL 34480

      COMMERCIAL (GENERAL) • 3.00 Acres
      Ocala, FL 34480
      View Details
    • Value Estimation by Request
      0.49 Acres

      Ocala, FL 34480

      COMMERCIAL (GENERAL) • 0.49 Acres
      Ocala, FL 34480
      View Details

    Similar Nearby for Sale

    • $985,000

      Ocala Commercial Land: High Traffic Area

      Prime Ocala vacant land, high visibility.
      0 58Th Ave, Ocala, FL 34480
      View Details
    • Contact for pricing
      1.18 Acres

      Ocala Retail Pad - Prime Location

      1.18-Acre Commercial Lot Near New Wawa
      5200 Pine Ave, Ocala, FL 34480
      View Details
    • $299,000
      0.45 Acres

      Ocala Commercial Land - $299K

      High-visibility, versatile commercial lot.
      3830 Lake Weir Ave, Ocala, FL 34480
      View Details
    • $985,000
      9.76 Acres

      Ocala Commercial Land: Prime Location

      9.76 Acres, High Traffic, $985,000
      0 58Th Ave, Ocala, FL 34480
      View Details
    • $194,500

      Gated Community Land Parcel

      Land in gated community with access to Florida Greenways.
      SE 8Th Ave, Ocala, FL 34480
      View Details
    • $895,900

      Ocala Agricultural Land For Sale

      Agricultural property available in Ocala, Florida.
      3905 SE 84Th Lane Rd, Ocala, FL 34480
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo

      Modern Apartment with Private Patio

      Recently renovated 2 bed, 2 bath apartment for rent.
      3025 SE 55Th Ave, Ocala, FL 34480
      View Details
    • $9 SF/Yr
      22,690 SF

      Tri City Business Park

      Located on US Hwy 441 between Ocala and Belleview.
      7175 S Pine Ave, Ocala, FL 34480
      View Details
    • $0.01 SF/Yr
      12,500 SF

      7075 S Pine Avenue

      Distribution properties
      7075 Pine Ave, Ocala, FL 34480
      View Details
    • $22 SF/Yr
      1,200 SF

      Retail Space Near Equestrian Center

      Retail space in Publix-anchored center near World Equestrian Center.
      2765-2785 NW 49Th Ave, Ocala, FL 34480
      View Details
    • $12 SF/Yr
      24,600 SF

      Ocala Warehouse: 24,600 SF

      New 2022 warehouse, single tenant, Ocala, FL
      5741 Pine Ave, Ocala, FL 34480
      View Details
    • $475 /Mo
      170 SF

      Private Office Space Available

      Private office space for lease with included utilities.
      3725 SE 58Th Ave, Ocala, FL 34480
      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.
    5960 S Pine Ave
    Ocala, FL 34480
    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.