Three-Retail-Unit Retail
For Sale
$500,000
1 Beverly Hills Boulevard, Beverly Hills, FL 34465
SINGLE_FAMILY - Beverly Hills, FL
Property Size3,800 SF
Lot Size0.44 Acres
Price / SF$131.58
Days on Market267
Property Features for 1 Beverly Hills Boulevard
General Information
Property type
Residential
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
Shingle, Asphalt
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: Aug 12
Last Checked: Aug 15 at 10:06PM
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 retail building offers three individual retail units, each with its own electrical meter. The property is zoned GNC and totals 3,800 sq. ft. on 0.44 acres. Improvements include a newer roof and updated electrical panels. The exterior features stucco construction and a blacktop driveway, with vinyl and tile flooring inside. HVAC includes a heat pump with central air. Public utilities are available with public water and public sewer.
The building is located at a high-traffic intersection of Highway 491 and Beverly Hills Blvd in Beverly Hills, FL. Parking is approximately 15–16 spaces, supporting customer access for retail and service uses.
Constructed in 1964, the property includes a driveway-style parking setup and a flexible retail layout designed to accommodate multiple storefront concepts within the same building.
The building is located at a high-traffic intersection of Highway 491 and Beverly Hills Blvd in Beverly Hills, FL. Parking is approximately 15–16 spaces, supporting customer access for retail and service uses.
Constructed in 1964, the property includes a driveway-style parking setup and a flexible retail layout designed to accommodate multiple storefront concepts within the same building.
Key Highlights
- 3,800 sq. ft. retail building on 0.44 acres
- Three individual retail units, each with its own electrical meter
- Zoned GNC with a newer roof and updated electrical panels
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
1k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
SUBWAY
Dining
1,413 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 - Zoned GNC, this three-unit retail building has updated electrical 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 $500,000.
What are key features of this property?
This property features: 3,800 sq. ft. retail building on 0.44 acres; Three individual retail units, each with its own electrical meter; Zoned GNC with a newer roof and updated electrical panels
