Three-Unit Corner Retail
For Sale
$600,000
1 Beverly Hills Boulevard, Beverly Hills, FL 34465
GNC-zoned commercial property with separate retail suites, dedicated electrical meters, updated panels, and a newer roof.
Property Size3,800 SF
Price / SF$157.89
Days on Market333
Property Features for 1 Beverly Hills Boulevard
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$3,430
Amenities
Central Air, Heat Pump
3
Tile, Vinyl
Instant Hot Water
Asphalt, Shingle
GNC
Corner Lot.
Driveway.
120x171
Corner, County Road, Paved Road.
Building Details
Year Built
1964
Listing Agency:
RE/MAX Realty One
(352) 302-9781
Listed By:
Alan Ivory · License #3123747
(352) 302-9781
Source:
Xome
Added: Oct 2, 2025
Changed: Aug 30
Last Checked: Aug 30 at 12:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Realty One
Investment Insights
Based on property information with market context.
This 3,800-square-foot retail property occupies 0.44 acres at 1 Beverly Hills Boulevard and includes three individual retail units. Each unit has its own electrical meter, while updated electrical panels and a newer roof support the building’s current configuration. Interior features include central air, a heat pump, tile and vinyl finishes, and instant hot water. Approximately 15–16 parking spaces serve the property, which also includes a driveway and paved-road access.
The building occupies a corner location at 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, all identified as being within a few miles. The property is zoned GNC and has a 120x171 lot configuration.
The building occupies a corner location at 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, all identified as being within a few miles. The property is zoned GNC and has a 120x171 lot configuration.
Key Highlights
- 3,800‑square‑foot commercial building on 0.44 acres
- Three individual retail units, each with its own electrical meter
- Approximately 15‑16 parking spaces
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
6.08%
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 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$853.9K
$747.1K – $996.2K
NOI $59,770 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 79%
Dining 21%
Dollar General
Shops & Services
8,547 visits/mo
0.1 miles
H&R Block
Shops & Services
2,016 visits/mo
0.2 miles
Papa John's Pizza
Dining
1,627 visits/mo
0.2 miles
SUBWAY
Dining
1,413 visits/mo
0.1 miles
Cadence Bank
Shops & Services
800 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - GNC-zoned commercial property with separate retail suites, dedicated electrical meters, updated panels, and a newer roof.
Where is this retail space 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 $600,000.
What are key features of this property?
This property features: 3,800‑square‑foot commercial building on 0.44 acres; Three individual retail units, each with its own electrical meter; Approximately 15‑16 parking spaces
