Retail Property With Corner
For Sale
$625,000
6005 HIGHWAY 40 W, Yankeetown, FL 34498
Two well-maintained retail buildings plus a vacant corner lot with septic and public water access are included.
Property Size4,020 SF
Lot Size0.86 Acres
Price / SF$248.02
Days on Market114
Property Features for 6005 HIGHWAY 40 W
General Information
Standard status
Active
Size
4,020 SF
Lot size
0.86 Acres
Property subtype
Commercial
Zoning
CN
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,618
Building Details
Building Size
4,020 SF
Year Built
1974
Listing Agency:
Dunnellon Real Estate LLC
(352) 875-7787
Listed By:
Christopher Hodges · License #3260213
(352) 875-7787
Source:
Elliman
Added: May 9
Changed: Aug 24
Last Checked: Aug 29 at 12:27PM
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 Dunnellon Real Estate LLC
Investment Insights
Based on property information with market context.
This retail property package includes two commercial buildings, totaling 4,020 square feet across a 2,520-square-foot building and a 1,500-square-foot building, along with a vacant corner lot at the intersection of Highway 40 and 60th Street. The corner lot comprises two lots and is equipped with septic systems and public water access. Both buildings are described as well-maintained, with recently updated roofs, and are positioned to require minimal preparation to open for business.
The site offers 250 feet of frontage along Highway 40 West and is zoned CN (Commercial Neighborhood). It totals 0.86 acres. The property is located about 10 minutes from Bird Creek Boat Ramp and approximately 5 minutes from Withlacoochee Gulf Preserve, supporting buyer interest in serving visitors and outdoor activity traffic.
The site offers 250 feet of frontage along Highway 40 West and is zoned CN (Commercial Neighborhood). It totals 0.86 acres. The property is located about 10 minutes from Bird Creek Boat Ramp and approximately 5 minutes from Withlacoochee Gulf Preserve, supporting buyer interest in serving visitors and outdoor activity traffic.
Key Highlights
- Commercial package includes two well‑maintained buildings totaling 4,020 SF plus a vacant corner lot.
- Frontage: 250 ft along Highway 40 West in central Yankeetown.
- Land: 0.86 acres zoned CN (Commercial Neighborhood).
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
$26,719
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
4.28%
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%
$534,380
$534.4K
Cap Rate 7%
$381,700
$381.7K
Cap Rate 9%
$296,878
$296.9K
Market Conditions
NOI Build-Up for 2,520 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
$40.8K $16.20/SF
− Vacancy
−$2.7K −$1.05/SF
EGI
$38.2K $15.15/SF
− OpEx
−$11.5K −$4.54/SF
NOI
$26.7K $10.60/SF
Area
Levy County, FL
Vacancy
6.50%
Lease Rate
$16.20 /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%
$534,380
Cap Rate 7%
$381,700
Cap Rate 9%
$296,878
Alternative Uses
Best Use
Retail
$381.7K
$334.0K – $445.3K
NOI $26,719 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$624.2K
$546.1K – $728.2K
NOI $43,691 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 34498, FL
588
Population
542
Households
1.1
Avg Household Size
61
Median Age
31%
College-Educated
96%
High-School Grad
7.3 sq mi
ZIP Area
81
Density / Sq Mi
$56,875
Median Household Income
$50,260
Median Earnings
$1,110
Median Rent
$307,800
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.
Frequently Asked Questions
What type of property is this?
Retail space - Two well-maintained retail buildings plus a vacant corner lot with septic and public water access are included.
Where is this retail space located?
The property is located at 6005 HIGHWAY 40 W Yankeetown, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Commercial package includes two well‑maintained buildings totaling 4,020 SF plus a vacant corner lot.; Frontage: 250 ft along Highway 40 West in central Yankeetown.; Land: 0.86 acres zoned CN (Commercial Neighborhood).
