Dunnellon Medical Office
For Sale
Contact for pricing
20281 E Pennsylvania Ave, Dunnellon, FL 34432
Operational medical office building in high-density senior area.
Property Size3,200 SF
Price / SF$406.25
Days on Market229
Property Features for 20281 E Pennsylvania Ave
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Office
Zoning
B-3
Building Details
Year Built
1993
Buildings
1
Stories
1
Listing Agency:
Saunders Real Estate
Listed By:
Trace Linder · License #SL3562516
(863) 648-1528
Source:
Crexi
Added: Feb 20
Changed: Aug 8
Last Checked: Aug 8 at 6:33AM
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 Saunders Real Estate
Investment Insights
Based on property information with market context.
This operational medical office building is located in Dunnellon, serving as a primary care hub for a high-density senior population. The property is positioned within a 20-mile radius of four major hospital systems, capturing a regional patient base that spans three counties. The location benefits from an inelastic demand for healthcare services, potentially ensuring long-term occupancy. The property has direct frontage on Pennsylvania Ave (SR-484), the primary commercial artery of Dunnellon. This high-visibility location serves as a healthcare anchor for the local community and is positioned just minutes from the US-41 and SR-40 corridors, ensuring a steady flow of regional patient traffic from Marion, Citrus, and Levy counties. The property size is 3200 square feet. An adjacent 14,000 square foot retail space is also available, suitable for big box retail or flex office/warehouse use.
Key Highlights
- Operational medical office building serving a high‑density senior population
- Located in the heart of Dunnellon on the primary commercial artery (Pennsylvania Ave/SR‑484)
- Within a 20‑mile radius of four major hospital systems (HCA Florida, AdventHealth, and TGH)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,752
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,655,040
$1.7M
Cap Rate 7%
$1,182,171
$1.2M
Cap Rate 9%
$919,467
$919.5K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$120.2K $37.56/SF
− Vacancy
−$9.9K −$3.08/SF
EGI
$110.3K $34.48/SF
− OpEx
−$27.6K −$8.62/SF
NOI
$82.8K $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 Rate 5%
$1,655,040
Cap Rate 7%
$1,182,171
Cap Rate 9%
$919,467
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.38M
NOI $82,752 @ 7.0% cap · market cap 6.37%
Second Best
Healthcare Medical
$545.0K
$476.9K – $635.8K
NOI $38,148 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,321 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34432, FL
13,159
Population
6,899
Households
1.9
Avg Household Size
58
Median Age
20%
College-Educated
90%
High-School Grad
105.1 sq mi
ZIP Area
125
Density / Sq Mi
$47,711
Median Household Income
$30,240
Median Earnings
$1,077
Median Rent
$223,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Operational medical office building in high-density senior area.
Where is this medical office space located?
The property is located at 20281 E Pennsylvania Ave Dunnellon, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Operational medical office building serving a high‑density senior population; Located in the heart of Dunnellon on the primary commercial artery (Pennsylvania Ave/SR‑484); Within a 20‑mile radius of four major hospital systems (HCA Florida, AdventHealth, and TGH)
