Aviation Hangar with Runway
New
For Sale
$999,999
10601 SW 147TH Circle, Dunnellon, FL 34432
Commercial Sale, DUNNELLON, FL
Property Size10,000 SF
Lot Size1.45 Acres
Price / SF$99
Days on Market1
Property Features for 10601 SW 147TH Circle
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1
Directions
From I-75, take Exit 341 for SR 484 and travel west on SR 484 toward Dunnellon. Continue west for approximately 5.5 miles, then turn left onto SW 135th Street Road. Turn left onto Marion Oaks Pass, then turn right onto SW 79th Terrace Road. Continue on SW 79th Terrace Road and turn right onto SW 77th Avenue Road. Follow the local roads toward SW 147th Circle and continue to 10601 SW 147th Circle, Dunnellon, FL 34432.
Subdivision
34432 - Dunnellon
Standard status
Active
APN
34801-001-05
Size
10,000 SF
Lot size
1.45 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 36 TWP 16 RGE 19 MORROW LEASE COM AT THE SE COR OF SEC 26 TH N 89-23-24 W 140.68 FT TH N 00-26-41 E 1241.71 FT TO THE POB TH S 89-30-08 E 336.37 FT TO A PT BEING ON A NON-TANGENT CURVE CONCAVE NELY HAVING A CENTRAL ANLGE OF 14-55-01 A RADIUS OF 5 60.87 FT TH NELY ALONG ARC OF CURVE 146.02 FT TH N 45-52-26 E 50.01 FT TH N 89-30-08 W 360.80 FT TH N 00-25-13 E 42.25 FT TH N 87-30-01 W 100.83 FT TH S 00-26-41 W 195.77 FT TO THE POB
Tax Annual Amount
7297
Legal Description
SEC 36 TWP 16 RGE 19 MORROW LEASE COM AT THE SE COR OF SEC 26 TH N 89-23-24 W 140.68 FT TH N 00-26-41 E 1241.71 FT TO THE POB TH S 89-30-08 E 336.37 FT TO A PT BEING ON A NON-TANGENT CURVE CONCAVE NELY HAVING A CENTRAL ANLGE OF 14-55-01 A RADIUS OF 5 60.87 FT TH NELY ALONG ARC OF CURVE 146.02 FT TH N 45-52-26 E 50.01 FT TH N 89-30-08 W 360.80 FT TH N 00-25-13 E 42.25 FT TH N 87-30-01 W 100.83 FT TH S 00-26-41 W 195.77 FT TO THE POB
Building Details
Year built
2008
Floors in Building
1
Building materials
Metal Frame, Metal Siding
Listing Agency:
GUS GALLOWAY REALTY INC
(352) 622-8127
Listed By:
Nolan Galloway, III · License #BK3057213
(352) 572-9109
Added: Aug 27
Last Checked: Aug 27 at 3:06PM
MLS# OM731207
Copyright © 2026 Stellar MLS. 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 10,000-square-foot aviation hangar was built in 2008 on approximately 1.45 acres at Marion County Airport. The metal-frame, metal-sided building includes a private office, two full bathrooms, and an interior height of approximately 24 feet. A multi-panel sliding hangar door provides an approximately 62-foot-wide opening, while a separate 12' x 12' roll-up door supports access for vehicles, equipment, and deliveries.
The property has direct runway access and on-site parking for employees, guests, and operational vehicles. M1 zoning and the airport setting support aviation-related applications described for the property, including private aviation, aircraft storage, maintenance, and flight operations.
The property has direct runway access and on-site parking for employees, guests, and operational vehicles. M1 zoning and the airport setting support aviation-related applications described for the property, including private aviation, aircraft storage, maintenance, and flight operations.
Key Highlights
- 10,000‑square‑foot aircraft hangar on approximately 1.45 acres
- Direct runway access at Marion County Airport
- Approximately 24‑foot interior height
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
$72,675
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
7.27%
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%
$1,453,500
$1.5M
Cap Rate 7%
$1,038,214
$1.0M
Cap Rate 9%
$807,500
$807.5K
Market Conditions
NOI Build-Up for 10,000 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
$90.0K $9.00/SF
− Vacancy
−$4.5K −$0.45/SF
EGI
$85.5K $8.55/SF
− OpEx
−$12.8K −$1.28/SF
NOI
$72.7K $7.27/SF
Area
Citrus County, FL
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,453,500
Cap Rate 7%
$1,038,214
Cap Rate 9%
$807,500
Alternative Uses
Best Use
Warehouse
$1.04M
$908.4K – $1.21M
NOI $72,675 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.25M
$1.97M – $2.62M
NOI $157,289 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 34432, FL
13,159
Population
6,899
Households
1.9
Avg Household Size
58
Median Age
20%
College-Educated
90%
High-School Grad
105.1 sq mi
ZIP Area
125
Density / Sq Mi
$47,711
Median Household Income
$30,240
Median Earnings
$1,077
Median Rent
$223,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Aviation real estate - Metal-frame airfield facility with office space, two bathrooms, and flexible aviation-related functionality.
Where is this aviation real estate located?
The property is located at 10601 SW 147TH Circle Dunnellon, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 10,000‑square‑foot aircraft hangar on approximately 1.45 acres; Direct runway access at Marion County Airport; Approximately 24‑foot interior height
