1521 12Th AveOcala, FL 34471

Property Details for 1521 12Th Ave

Lot size

1.99 AC

Zone code

M1

Property type

Parking lots & garages

APN

23688-000-01

APU

2368800001

Description

This Ocala, Florida property offers two adjacent, available warehouse units, each spanning 2,100 square feet. Located at 1521 SW 12th Avenue, 34471, in Marion County, these units are perfect for businesses seeking flexible space. Each unit features 475 square feet of office space, complete with two offices, a bathroom, a kitchenette, and a storage closet. The remaining space is dedicated to warehouse use, boasting high ceilings and a large ground-level roll-up door for easy loading and unloading. Adding to the functionality, each unit includes 475 square feet of mezzanine space above the office area, providing additional storage or workspace. Both units are fully heated and cooled for year-round comfort. The property is zoned M-1, offering versatility for various industrial uses. The strategic location offers easy access to major roadways, including SW 17th Street, Highway 200, and other key transportation arteries, ensuring convenient commutes and efficient logistics. A total of 4,200 square feet of vacant space is currently available. The minimum divisible space is 2,100 square feet, with a maximum contiguous space of 2,100 square feet. This property is available for sale or lease on a net-net-net (NNN) basis.

• CAP approach

  CAP return

  Valuation

  6%

  $19,584,000

  6.5%

  $18,077,500

  7%

  $16,786,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,532,800

  Geo Method

  $12,532,800

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $34,892,600

  Mixed-Use / Specialty

  $18,158,600

  Hospitality / Lodging

  $13,512,000

  Office

  $18,202,400

  Institutional / Educational

  $18,929,700

  Residential Income

  $22,147,700

  Multifamily

  $25,755,700

  Automotive / Energy

  $16,225,400

  Parking / Income-Based Land

  $5,455,370

  Restaurant / Food Service

  $9,755,140

  Healthcare / Senior Housing

  $18,472,000

Location Insight

City

Ocala

County

Marion

State

Florida

Latitude

29.1737

Longitude

-82.1479

CBSA code

36100

CBSA name

OCALA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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