Convenience Store with Liquor
16920 US 441 #101, Summerfield, FL 34491
For Sale
$550,000
An operating retail business combines beverage, tobacco, lottery, and convenience sales with updated store systems.
Property Size2,353 SF
Price / SF$233.74
Days on Market82
Property Features for 16920 US 441 #101
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Currently Operating
Building Details
Building Size
Listing Agency:
SINGH REAL ESTATE SERVICES
Listed By:
Navin Singh · License #3318538
(352) 409-0472
Source:
Ansonproperties
Added: Aug 20
Changed: Nov 7
Last Checked: Nov 8 at 6:02PM
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 SINGH REAL ESTATE SERVICES
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The retail business offers liquor, beer, wine, tobacco products, lottery, and convenience items. Store operations use an upgraded POS system, security equipment, and inventory controls. The business operates later than many nearby competitors, serving customers into the evening and late-night hours.
The store is located at 16920 US 441 in Summerfield, Florida.
The store is located at 16920 US 441 in Summerfield, Florida.
Key Highlights
- Liquor, beer, wine, tobacco, lottery, and convenience merchandise
- Upgraded POS system, security equipment, and inventory controls
- Operating hours extend later than those of many nearby competitors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,508
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,160
$570.2K
Cap Rate 7%
$407,257
$407.3K
Cap Rate 9%
$316,756
$316.8K
Market Conditions
NOI Build-Up for 2,353 SF
Gross rent
$40.1K $17.04/SF
− Vacancy
−$2.1K −$0.89/SF
EGI
$38.0K $16.15/SF
− OpEx
−$9.5K −$4.04/SF
NOI
$28.5K $12.12/SF
Area
Marion County, FL
Vacancy
5.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,160
Cap Rate 7%
$407,257
Cap Rate 9%
$316,756
Alternative Uses
Best Use
Retail
$845.4K
$739.8K – $986.4K
NOI $59,181 @ 7.0% cap · market cap 10.76%
Second Best
Specialty Retail
$407.3K
$356.4K – $475.1K
NOI $28,508 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,944 @ 7.0% cap · market cap 16.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
403
Businesses Nearby
3k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Take 5 Oil Change
Shops & Services
1,935 visits/mo
0.3 miles
Mavis Discount Tire
Shops & Services
652 visits/mo
0.3 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
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - An operating retail business combines beverage, tobacco, lottery, and convenience sales with updated store systems.
Where is this grocery and convenience store located?
The property is located at 16920 US 441 #101 Summerfield, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Liquor, beer, wine, tobacco, lottery, and convenience merchandise; Upgraded POS system, security equipment, and inventory controls; Operating hours extend later than those of many nearby competitors
