Belleview Commercial Property with
For Sale
Contact for pricing
Pending
11763 SE US HIGHWAY 301, Belleview, FL 34420
1.95-acre commercial property with office building in Belleview, FL.
Property Size2,722 SF
Lot Size1.95 Acres
Days on Market469
Property Features for 11763 SE US HIGHWAY 301
General Information
Standard status
Pending
Size
2,722 SF
Class
B
Lot size
1.95 Acres
Property subtype
Land, Mixed Use, Office
Zoning
B4
Investment Type
Owner/User
Building Details
Year Built
1963
Buildings
1
Stories
1
Listing Agency:
Homerun Realty LLC
(352) 454-8381
Listed By:
Elizabeth Izquierdo · License #BK638973
Source:
Crexi
Added: May 14, 2025
Changed: Aug 22
Last Checked: Aug 23 at 7:54AM
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 Homerun Realty LLC
Investment Insights
Based on property information with market context.
This 1.95-acre commercial property is located in Belleview, Florida, directly on US Hwy 301 and near US Hwy 441. The property includes a move-in ready office building featuring four private office spaces, a reception area, and a full kitchen. Zoned B4, the land is fully cleared and suitable for various commercial uses, particularly those requiring ample parking for company vehicles or equipment. The location benefits from high traffic volume and is situated within a rapidly growing corridor near US Hwy 441/27, Hwy 301, and the new Advent Health ER. The property is suitable for expanding a business, launching a new venture, or investing in future development. Seller financing is available.
Key Highlights
- 1.95‑acre commercial property on US Hwy 301 in Belleview, FL.
- Seller financing available.
- Zoned B4, cleared land suitable for various commercial uses.
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
$70,391
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
8.28%
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%
$1,407,820
$1.4M
Cap Rate 7%
$1,005,586
$1.0M
Cap Rate 9%
$782,122
$782.1K
Market Conditions
NOI Build-Up for 2,722 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
$102.2K $37.56/SF
− Vacancy
−$8.4K −$3.08/SF
EGI
$93.9K $34.48/SF
− OpEx
−$23.5K −$8.62/SF
NOI
$70.4K $25.86/SF
Area
Marion County, FL
Vacancy
8.20%
Lease Rate
$37.56 /SF/Yr
Expense Ratio
25.00%
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%
$1,407,820
Cap Rate 7%
$1,005,586
Cap Rate 9%
$782,122
Alternative Uses
Best Use
Office B
$1.01M
$879.9K – $1.17M
NOI $70,391 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,049 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
Business Placement
Demographics for 34420, FL
17,969
Population
8,555
Households
2.1
Avg Household Size
45
Median Age
14%
College-Educated
91%
High-School Grad
24.1 sq mi
ZIP Area
746
Density / Sq Mi
$52,551
Median Household Income
$34,599
Median Earnings
$909
Median Rent
$192,600
Median Home Value
Market
Vacancy Rate% for Office 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?
Commercial land - 1.95-acre commercial property with office building in Belleview, FL.
Where is this commercial land located?
The property is located at 11763 SE US HIGHWAY 301 Belleview, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1.95‑acre commercial property on US Hwy 301 in Belleview, FL.; Seller financing available.; Zoned B4, cleared land suitable for various commercial uses.
