Office Building on Corner
20785 W MCKINNEY Ave Dunnellon, FL 34431
For Sale
$195,000
Solid 1,323 sq. ft. office building in excellent condition with central air, six rooms, two restrooms, and five parking spaces.
Property Size1,323 SF
Price / SF$147.39
Days on Market34
Property Features for 20785 W MCKINNEY Ave
General Information
- Standard status
- Active
- Size
- 1,323 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1974
Listing Agency:
AKIN REALTY COMPANY
(352) 804-2446
Listed By:
Van Akin, II · License #0242005
(352) 804-2446
Source:
Elliman
Added: Jun 20
Changed: Jul 23
Last Checked: Jul 23 at 3:57AM
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 AKIN REALTY COMPANY
Investment Insights
Based on property information with market context.
This solid block office building totals 1,323 sq. ft. and is reported to be in excellent condition. Built in 1974, it features a metal roof, laminate flooring, and central air throughout. The interior includes six rooms and two restrooms, with one restroom including a full bath. The property also has a fenced yard and a 346 sq. ft. conditioned utility building, along with five parking spaces.
The building is situated on a prominent corner lot bordering Dunnellon’s Historic District, supporting visibility and straightforward access for clients and staff.
Configured as a self-contained professional space, the layout includes multiple rooms and two restroom facilities, making it suitable for a range of service and professional uses.
The building is situated on a prominent corner lot bordering Dunnellon’s Historic District, supporting visibility and straightforward access for clients and staff.
Configured as a self-contained professional space, the layout includes multiple rooms and two restroom facilities, making it suitable for a range of service and professional uses.
Key Highlights
- 1,323 sq. ft. block office building built in 1974 in excellent condition
- Central air throughout; metal roof; laminate flooring
- Six rooms with two restrooms, including one full bath
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.8k | $18.00 |
| − Vacancy | −$5.2k | −$3.96 |
| EGI | $18.6k | $14.04 |
| − OpEx | −$4.6k | −$3.51 |
| NOI | $13.9k | $10.53 |
1,323 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$199.0K
$174.1K – $232.2K
NOI $13,931 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$297.3K
$260.1K – $346.8K
NOI $20,809 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential Income Property ...
Real Estate Agency
Adrienne Ellers
Physician
Real Living Cridland ...
Real Estate Agency
Moore Employer Solutions
Insurance Agency
FAQs
What type of property is this?
Office building - Solid 1,323 sq. ft. office building in excellent condition with central air, six rooms, two restrooms, and five parking spaces.
Where is this office building located?
The property is located at 20785 W MCKINNEY Ave Dunnellon, FL.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,323 sq. ft. block office building built in 1974 in excellent condition; Central air throughout; metal roof; laminate flooring; Six rooms with two restrooms, including one full bath
