Retail Storefront with
For Sale
$265,000
185 Dogwood Street, Monticello, FL 32344
Downtown commercial space with display windows, storage, central air, and a rear entrance for flexible retail operations.
Property Size2,175 SF
Price / SF$121.84
Days on Market194
Property Features for 185 Dogwood Street
General Information
Standard status
Active
Size
2,175 SF
Property subtype
Retail
Amenities
large front-facing windows
full kitchen
ample storage space
back entrance
Central Air
3
Paved Driveway.
Paved Road.
Listing Agency:
Kelly & Kelly Properties, Inc
(850) 510-8359
Listed By:
Pamela Kelly · License #409045
(850) 510-8359
Source:
Xome
Added: Feb 17
Changed: Aug 29
Last Checked: Aug 30 at 2:35PM
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 Kelly & Kelly Properties, Inc
Investment Insights
Based on property information with market context.
This 2,175-square-foot storefront property at 185 Dogwood Street provides a practical commercial layout in downtown Monticello. The space is currently used as a retail shop and includes a broad sales floor, full kitchen, one bathroom, and storage areas. Plumbing is already installed for an additional bathroom, while central air supports year-round interior comfort.
Large windows face the sidewalk and provide natural light along the front of the space. A separate rear entrance adds service access, and the property includes a paved driveway and paved road access. The existing configuration supports continued retail use while accommodating other commercial concepts that fit the building’s layout and infrastructure.
Large windows face the sidewalk and provide natural light along the front of the space. A separate rear entrance adds service access, and the property includes a paved driveway and paved road access. The existing configuration supports continued retail use while accommodating other commercial concepts that fit the building’s layout and infrastructure.
Key Highlights
- 2,175 SF storefront property at 185 Dogwood Street, Monticello, FL 32344
- Large front‑facing windows provide natural light and sidewalk exposure
- Full kitchen and one bathroom included
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
$21,125
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
7.97%
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%
$422,500
$422.5K
Cap Rate 7%
$301,786
$301.8K
Cap Rate 9%
$234,722
$234.7K
Market Conditions
NOI Build-Up for 2,175 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
$32.6K $15.00/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$30.2K $13.88/SF
− OpEx
−$9.1K −$4.16/SF
NOI
$21.1K $9.71/SF
Area
Jefferson County, FL
Vacancy
7.50%
Lease Rate
$15.00 /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%
$422,500
Cap Rate 7%
$301,786
Cap Rate 9%
$234,722
Alternative Uses
Best Use
Retail
$301.8K
$264.1K – $352.1K
NOI $21,125 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$533.2K
$466.6K – $622.1K
NOI $37,325 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32344, FL
12,705
Population
5,988
Households
2.1
Avg Household Size
49
Median Age
21%
College-Educated
87%
High-School Grad
444.6 sq mi
ZIP Area
29
Density / Sq Mi
$52,222
Median Household Income
$37,131
Median Earnings
$776
Median Rent
$208,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Gelling’s Florist — 190 E Dogwood St, Monticello, FL 32344
Frequently Asked Questions
What type of property is this?
Storefront property - Downtown commercial space with display windows, storage, central air, and a rear entrance for flexible retail operations.
Where is this storefront property located?
The property is located at 185 Dogwood Street Monticello, FL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 2,175 SF storefront property at 185 Dogwood Street, Monticello, FL 32344; Large front‑facing windows provide natural light and sidewalk exposure; Full kitchen and one bathroom included
