Income-Generating Commercial Property in
For Sale
$275,000
7630 W Dunnellon Road, Dunnellon, FL 34433
Commercial property with GNC zoning, currently leased for $2,000/month.
Property Size984 SF
Lot Size0.40 Acres
Price / SF$279.47
Days on Market942
Property Features for 7630 W Dunnellon Road
General Information
Standard status
Active
Size
984 SF
Lot size
0.40 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$1,264
Building Details
Year Built
1980
Listing Agency:
Keller Williams Realty - Elite Partners II
(352) 228-7744
Listed By:
Bruce Brunk · License #3138787
(352) 228-7744
Source:
Exitrealty
Added: Jan 11, 2024
Changed: Aug 9
Last Checked: Apr 6 at 12:15AM
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 Keller Williams Realty - Elite Partners II
Investment Insights
Based on property information with market context.
This income-producing commercial property is zoned GNC and located in Dunnellon. Situated on 0.40 acres, there is an option to buy parcels on both sides to expand the property: 7652 W Dunnellon Rd (0.20 acres) and 7622 W Dunnellon Rd (0.40 acres), both also zoned GNC. The 984 sq ft office includes a reception area (13.5x20), a screened front porch, one full bathroom, a kitchen area, and storage space. It is currently leased for $2,000 a month. The property features a circular drive with ample parking. Located 7 miles from downtown Dunnellon and less than 6 miles from US 19 (Suncoast Blvd). The residential population of Citrus County has increased by 15.1% since 2010. The extension of the Suncoast Parkway 2 is planned with a proposed exit a few short miles away from this property. This property offers an income-generating opportunity with an approximate 6% cap rate.
Key Highlights
- Income‑producing property currently leased for $2,000/month (approximately 6% cap rate).
- Zoned GNC commercial, offering diverse business possibilities.
- Option to buy adjacent parcels for property expansion.
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
$10,362
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
3.77%
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%
$207,240
$207.2K
Cap Rate 7%
$148,029
$148.0K
Cap Rate 9%
$115,133
$115.1K
Market Conditions
NOI Build-Up for 984 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
$17.7K $18.00/SF
− Vacancy
−$3.9K −$3.96/SF
EGI
$13.8K $14.04/SF
− OpEx
−$3.5K −$3.51/SF
NOI
$10.4K $10.53/SF
Area
Citrus County, FL
Vacancy
22.00%
Lease Rate
$18.00 /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%
$207,240
Cap Rate 7%
$148,029
Cap Rate 9%
$115,133
Alternative Uses
Best Use
Office B
$148.0K
$129.5K – $172.7K
NOI $10,362 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$221.1K
$193.5K – $258.0K
NOI $15,477 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 34433, FL
7,719
Population
3,622
Households
2.1
Avg Household Size
52
Median Age
17%
College-Educated
89%
High-School Grad
33.7 sq mi
ZIP Area
229
Density / Sq Mi
$70,024
Median Household Income
$39,567
Median Earnings
$1,322
Median Rent
$217,100
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?
Office units - Commercial property with GNC zoning, currently leased for $2,000/month.
Where is this office units located?
The property is located at 7630 W Dunnellon Road Dunnellon, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Income‑producing property currently leased for $2,000/month (approximately 6% cap rate).; Zoned GNC commercial, offering diverse business possibilities.; Option to buy adjacent parcels for property expansion.
