Commercial Property on US
For Sale
$775,000
Pending
10241 N Florida Avenue, Citrus Springs, FL 34434
1.35 acre commercial property with 3,280 SF building.
Property Size3,280 SF
Lot Size1.35 Acres
Days on Market535
Property Features for 10241 N Florida Avenue
General Information
Standard status
Pending
Size
3,280 SF
Lot size
1.35 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1988
Listing Agency:
Century 21 J.W.Morton R.E.
(352) 422-2173
Listed By:
James Morton · License #123629
(352) 422-2173
Source:
Exitrealty
Added: Feb 11, 2025
Changed: Jul 10
Last Checked: Jul 31 at 5:31AM
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 Century 21 J.W.Morton R.E.
Investment Insights
Based on property information with market context.
This commercial property features a 1.35-acre lot with a 3,280 sq.ft. free-standing building. Situated on a lighted corner of US 41, it is located across from the main entrance to Citrus Springs. The property's visibility, accessibility, and parking make it suitable for various businesses. Potential uses include fast-food restaurants, coffee shops, pharmacies, medical clinics, service industries, retail outlets, and educational facilities. It could also be used as a dry cleaner.
Key Highlights
- 1.35 acre commercial corner lot on US 41
- 3,280 sq.ft. free‑standing building**
- Exceptional visibility and accessibility**
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.2k | $15.00 |
| − Vacancy | −$4.2k | −$1.28 |
| EGI | $45.0k | $13.73 |
| − OpEx | −$13.5k | −$4.12 |
| NOI | $31.5k | $9.61 |
3,280 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$450.2K
$393.9K – $525.2K
NOI $31,513 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$737.0K
$644.9K – $859.9K
NOI $51,591 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
857
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Capital City Bank
Shops & Services
857 visits/mo
0.1 miles
Demographics for 34434, FL
9,582
Population
4,559
Households
2.1
Avg Household Size
47
Median Age
17%
College-Educated
90%
High-School Grad
26.3 sq mi
ZIP Area
364
Density / Sq Mi
$56,553
Median Household Income
$35,245
Median Earnings
$1,226
Median Rent
$211,500
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?
Storefront property - 1.35 acre commercial property with 3,280 SF building.
Where is this storefront property located?
The property is located at 10241 N Florida Avenue Citrus Springs, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 1.35 acre commercial corner lot on US 41; 3,280 sq.ft. free‑standing building**; Exceptional visibility and accessibility**
