Dunnellon Retail Center Investment
For Sale
Contact for pricing
Pending
11150 N Williams St, Dunnellon, FL 34432
Fully occupied retail center with established tenants and high visibility.
Property Size15,525 SF
Lot Size1.35 Acres
Days on Market140
Property Features for 11150 N Williams St
General Information
Standard status
Pending
Size
15,525 SF
Total Parking Spaces
50
Lot size
1.35 Acres
Property subtype
Retail
Zoning
B4 - Regional Business
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
2006
Year Renovated
2019
Stories
1
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners Tampa
(954) 703-3602
Listed By:
Patrick Nutt · License #BK3120739
Source:
Crexi
Added: Mar 27
Changed: Aug 8
Last Checked: Jul 24 at 8:15AM
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 SRS Real Estate Partners Tampa
Investment Insights
Based on property information with market context.
This 15,525 square foot retail center is located at 11150 N. Williams Street in Dunnellon, Florida. Constructed in 2006 and remodeled in 2019, the property is situated on a 1.35-acre site. The retail center is 100% occupied by a diverse mix of tenants, including Verizon, Subway, and Little Caesars. Located adjacent to a Walmart Supercenter, the property benefits from high visibility and foot traffic. The property's net operating income is $269,779, with a cap rate of 5.75%. Tenants operate under varied lease terms.
Key Highlights
- 100% Occupancy with Established Tenants (Verizon, Subway, Little Caesars)
- Strong Net Operating Income (NOI) of $269,779
- Competitive Cap Rate of 5.75%
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
$149,156
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
3.18%
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%
$2,983,120
$3.0M
Cap Rate 7%
$2,130,800
$2.1M
Cap Rate 9%
$1,657,289
$1.7M
Market Conditions
NOI Build-Up for 15,525 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
$232.9K $15.00/SF
− Vacancy
−$19.8K −$1.28/SF
EGI
$213.1K $13.73/SF
− OpEx
−$63.9K −$4.12/SF
NOI
$149.2K $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%
$2,983,120
Cap Rate 7%
$2,130,800
Cap Rate 9%
$1,657,289
Alternative Uses
Best Use
Retail
$2.13M
$1.86M – $2.49M
NOI $149,156 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.49M
$3.05M – $4.07M
NOI $244,190 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
311k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Superstores 22%
Groceries 16%
Shops & Services 15%
Walmart
Superstores
67,048 visits/mo
0.1 miles
Publix
Groceries
36,800 visits/mo
0.2 miles
McDonald's
Dining
26,792 visits/mo
0.1 miles
Murphy USA
Shops & Services
18,519 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
16,993 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Dunnellon Plaza — 11223 N Williams St, Dunnellon, FL 34432
- Rainbow Square — 11352 N Williams St, Dunnellon, FL 34432
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center with established tenants and high visibility.
Where is this shopping center located?
The property is located at 11150 N Williams St Dunnellon, FL.
What is the asking price?
The asking price for this property is $4,691,803.
What are key features of this property?
This property features: 100% Occupancy with Established Tenants (Verizon, Subway, Little Caesars); Strong Net Operating Income (NOI) of $269,779; Competitive Cap Rate of 5.75%
