INSA Cannabis Dispensary Near
For Sale
Contact for pricing
11220 SE 179th Pl, Summerfield, FL 34491
Freestanding cannabis dispensary adjacent to Walmart in Summerfield, Florida.
Property Size3,574 SF
Lot Size1.12 Acres
Price / SF$839.40
Days on Market160
Property Features for 11220 SE 179th Pl
General Information
Standard status
Active
Size
3,574 SF
Lot size
1.12 Acres
Property subtype
Retail
Zoning
B-2
Building Details
Year Built
1999
Listing Agency:
STNL
Listed By:
Mark Thompson · License #BK3217284
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Aug 8 at 6:31AM
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 STNL
Investment Insights
Based on property information with market context.
This property is a 100% fee simple INSA cannabis dispensary located in Summerfield, Florida. Situated adjacent to a corporately owned Walmart, the property benefits from strong daily consumer traffic and consistent visibility. It is positioned within an established retail corridor supported by multiple national retailers. The property is located just minutes from the center of The Villages, Florida, providing access to a large, established residential population. The 1.12-acre property offers multiple access points and excellent visibility, making it easily reachable for both customers and service vehicles. High-profile signage and a signalized entrance shared with major national retailers enhance exposure. The building size is 3,574 square feet.
Key Highlights
- Located adjacent to a corporately owned Walmart, generating strong daily consumer traffic and consistent visibility.
- Minutes from The Villages, Florida, providing access to a large, established, and affluent residential population.
- Located within an established retail corridor supported by multiple national retailers.
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
$89,891
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
3.00%
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%
$1,797,820
$1.8M
Cap Rate 7%
$1,284,157
$1.3M
Cap Rate 9%
$998,789
$998.8K
Market Conditions
NOI Build-Up for 3,574 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
$132.5K $37.08/SF
− Vacancy
−$4.1K −$1.15/SF
EGI
$128.4K $35.93/SF
− OpEx
−$38.5K −$10.78/SF
NOI
$89.9K $25.15/SF
Area
Marion County, FL
Vacancy
3.10%
Lease Rate
$37.08 /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%
$1,797,820
Cap Rate 7%
$1,284,157
Cap Rate 9%
$998,789
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.50M
NOI $89,891 @ 7.0% cap · market cap 3.00%
Second Best
Specialty Retail
$618.6K
$541.3K – $721.7K
NOI $43,301 @ 7.0% cap · market cap 1.44%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,617 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
239k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 45%
Dining 26%
Shops & Services 15%
Groceries 10%
Walmart
Superstores
107,686 visits/mo
0.2 miles
McDonald's
Dining
30,536 visits/mo
0.1 miles
Aldi
Groceries
24,509 visits/mo
0.3 miles
Dollar Tree
Shops & Services
20,601 visits/mo
0.2 miles
SONIC Drive In
Dining
18,439 visits/mo
0.2 miles
Demographics for 34491, FL
31,545
Population
15,474
Households
2
Avg Household Size
61
Median Age
22%
College-Educated
88%
High-School Grad
44.9 sq mi
ZIP Area
703
Density / Sq Mi
$65,900
Median Household Income
$35,440
Median Earnings
$1,102
Median Rent
$253,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drug store - Freestanding cannabis dispensary adjacent to Walmart in Summerfield, Florida.
Where is this drug store located?
The property is located at 11220 SE 179th Pl Summerfield, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Located adjacent to a corporately owned Walmart, generating strong daily consumer traffic and consistent visibility.; Minutes from The Villages, Florida, providing access to a large, established, and affluent residential population.; Located within an established retail corridor supported by multiple national retailers.
