Three-Unit Retail Storefront
For Sale
$500,000
1 Beverly Hills Boulevard, Beverly Hills, FL 34465
CommercialSale, Beverly Hills, FL
Property Size3,800 SF
Lot Size0.44 Acres
Price / SF$131.58
Days on Market301
Property Features for 1 Beverly Hills Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
GNC
Parking features
Driveway
Exterior features
BlacktopDriveway
Appliances
InstantHotWater
Subdivision
Beverly Hills
Lot features
Corner Lot, Flat
Standard status
Active
APN
2401958
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
OLD JIFFY STORE PARCEL KNOWN AS LOT 1.1 ON CITRUS CO ASSESS- MENT MAP 319B MORE FULLY DESC AS: COM AT MOST N'LY COR OF BLK 1 BEVERLY HILLS UNIT NO 1 PB 3 PG 149 TH S 39DEG W AL NW'LY LN OF SD BLK 1 1079.45 FT TO POB SD PT ALSO BEING THE MOST W'LY COR OF LANDS DESC IN OR BK 633 PG 545 TH CONT S 39DEG W AL SD NW'LY LN 70.55 FT TO P C OF A CURVE CONCAVED E'LY HAVING A CENTRAL ANGLE OF 90 DEG AND A RADIUS OF 50 FT TH SW'LY AND SE'LY AL THE ARC OF SD CURVE 78.54 FT TO P T OF SD CURVE SD PT BEING ON NE'LY R/W LN OF BEVERLY HILLS BLVD TH S 51DEG E AL SD NE'LY R/W LN 122.81 FT TH N 39DEG E 120.55 FT TO A PT ON A SE'LY PROJECTION OF SW'LY LN OF AFOREMENTIONED LANDS TH N 51DEG W AL SD SE'LY PROJECTION AND AL SD SW'LY LN 172.81 FT TO POB DESC IN OR
Tax Annual Amount
3430
Legal Description
OLD JIFFY STORE PARCEL KNOWN AS LOT 1.1 ON CITRUS CO ASSESS- MENT MAP 319B MORE FULLY DESC AS: COM AT MOST N'LY COR OF BLK 1 BEVERLY HILLS UNIT NO 1 PB 3 PG 149 TH S 39DEG W AL NW'LY LN OF SD BLK 1 1079.45 FT TO POB SD PT ALSO BEING THE MOST W'LY COR OF LANDS DESC IN OR BK 633 PG 545 TH CONT S 39DEG W AL SD NW'LY LN 70.55 FT TO P C OF A CURVE CONCAVED E'LY HAVING A CENTRAL ANGLE OF 90 DEG AND A RADIUS OF 50 FT TH SW'LY AND SE'LY AL THE ARC OF SD CURVE 78.54 FT TO P T OF SD CURVE SD PT BEING ON NE'LY R/W LN OF BEVERLY HILLS BLVD TH S 51DEG E AL SD NE'LY R/W LN 122.81 FT TH N 39DEG E 120.55 FT TO A PT ON A SE'LY PROJECTION OF SW'LY LN OF AFOREMENTIONED LANDS TH N 51DEG W AL SD SE'LY PROJECTION AND AL SD SW'LY LN 172.81 FT TO POB DESC IN OR
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Flooring type
Vinyl, Tile
Building materials
Stucco
Roof type
Asphalt, Shingle
Listing Agency:
RE/MAX Realty One · RE/MAX International
(352) 795-2441
Listed By:
Alan Ivory · License #3123747
(352) 302-9781
Added: Nov 21, 2025
Changed: Sep 16
Last Checked: Sep 18 at 9:06PM
MLS# 850109
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This GNC-zoned storefront property includes three separate retail units, each served by its own electrical meter. The building has a newer roof, updated electrical panels, stucco construction, tile and vinyl flooring, central air, and heat-pump heating. Public water and sewer serve the property, while the paved driveway provides approximately 19+ parking spaces.
The 0.44-acre site occupies the intersection of Highway 491 and Beverly Hills Boulevard in Beverly Hills, Florida. Nearby national retailers and service providers include Walmart Supercenter, Target, Walgreens, ALDI, Dollar General, and AutoZone, creating an established commercial setting for customer-facing retail and service uses.
The 0.44-acre site occupies the intersection of Highway 491 and Beverly Hills Boulevard in Beverly Hills, Florida. Nearby national retailers and service providers include Walmart Supercenter, Target, Walgreens, ALDI, Dollar General, and AutoZone, creating an established commercial setting for customer-facing retail and service uses.
Key Highlights
- Three individual retail units with separate electrical meters
- 0.44‑acre commercial site at Highway 491 and Beverly Hills Boulevard
- GNC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,509
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$730,180
$730.2K
Cap Rate 7%
$521,557
$521.6K
Cap Rate 9%
$405,656
$405.7K
Market Conditions
NOI Build-Up for 3,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.0K $15.00/SF
− Vacancy
−$4.8K −$1.28/SF
EGI
$52.2K $13.73/SF
− OpEx
−$15.6K −$4.12/SF
NOI
$36.5K $9.61/SF
Area
Citrus County, FL
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$730,180
Cap Rate 7%
$521,557
Cap Rate 9%
$405,656
Alternative Uses
Best Use
Retail
$521.6K
$456.4K – $608.5K
NOI $36,509 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$853.9K
$747.1K – $996.2K
NOI $59,770 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
Dollar General
Shops & Services
8,547 visits/mo
0.5 miles
SUBWAY
Dining
1,413 visits/mo
0.4 miles
Demographics for 34465, FL
17,960
Population
9,466
Households
1.9
Avg Household Size
58
Median Age
22%
College-Educated
92%
High-School Grad
24.3 sq mi
ZIP Area
739
Density / Sq Mi
$55,513
Median Household Income
$32,536
Median Earnings
$1,146
Median Rent
$233,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - GNC-zoned commercial building with separate retail spaces, individual electric meters, and customer parking at a signalized intersection.
Where is this storefront property located?
The property is located at 1 Beverly Hills Boulevard Beverly Hills, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Three individual retail units with separate electrical meters; 0.44‑acre commercial site at Highway 491 and Beverly Hills Boulevard; GNC zoning
