Renovated Live-Work
For Sale
$219,900
20837 Walnut St, Dunnellon, FL 34431
RBO zoning may allow on-site living alongside business operations, subject to applicable requirements.
Property Size1,273 SF
Price / SF$172.74
Days on Market82
Property Features for 20837 Walnut St
General Information
Standard status
Active
Size
1,273 SF
Zoning
RBO
Amenities
private backyard
attached storage
inside laundry
Building Details
Year Built
1923
Listing Agency:
HOMERUN REALTY
Listed By:
Dawn Padot, Ronald Padot, Jr · License #0681325
(352) 624-0935
Source:
Livewelltampabay
Added: Jul 25
Changed: Oct 2
Last Checked: Oct 12 at 10:43PM
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 HOMERUN REALTY
Investment Insights
Based on property information with market context.
Renovated with selected historic elements retained, this 1923 property is configured for flexible live-work use. The current layout includes 3 bedrooms, 2 bathrooms, a functioning kitchen, updated bathrooms, interior laundry, and office areas. A private backyard and attached storage add practical space for outdoor use, equipment, inventory, or personal belongings.
The property previously operated as an Airbnb and is located at 20837 Walnut St in Dunnellon, near shopping, dining, rivers, and springs. RBO zoning may allow an owner to reside on-site while operating a business, subject to zoning requirements. The layout may suit a residence, short-term rental, professional office, wellness center, or shared workspace.
The property previously operated as an Airbnb and is located at 20837 Walnut St in Dunnellon, near shopping, dining, rivers, and springs. RBO zoning may allow an owner to reside on-site while operating a business, subject to zoning requirements. The layout may suit a residence, short-term rental, professional office, wellness center, or shared workspace.
Key Highlights
- Renovated 1923 property with selected historic elements retained
- Current configuration includes 3 bedrooms and 2 bathrooms
- RBO zoning may allow on‑site living with business operations, subject to requirements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,500
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,000
$370.0K
Cap Rate 7%
$264,286
$264.3K
Cap Rate 9%
$205,556
$205.6K
Market Conditions
NOI Build-Up for 1,273 SF
Gross rent
$35.9K $28.20/SF
− Vacancy
−$2.3K −$1.78/SF
EGI
$33.6K $26.42/SF
− OpEx
−$15.1K −$11.89/SF
NOI
$18.5K $14.53/SF
Area
Marion County, FL
Vacancy
6.30%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,000
Cap Rate 7%
$264,286
Cap Rate 9%
$205,556
Alternative Uses
Best Use
Office B
$470.3K
$411.5K – $548.7K
NOI $32,920 @ 7.0% cap · market cap 14.97%
Second Best
Apartment 5plus
$264.3K
$231.3K – $308.3K
NOI $18,500 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$695.2K
$608.3K – $811.0K
NOI $48,661 @ 7.0% cap · market cap 22.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Explore this area
Business Placement
Demographics for 34431, FL
8,589
Population
4,744
Households
1.8
Avg Household Size
56
Median Age
14%
College-Educated
85%
High-School Grad
104.2 sq mi
ZIP Area
82
Density / Sq Mi
$51,542
Median Household Income
$38,477
Median Earnings
$858
Median Rent
$185,200
Median Home Value
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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?
Live-work space - RBO zoning may allow on-site living alongside business operations, subject to applicable requirements.
Where is this live-work space located?
The property is located at 20837 Walnut St Dunnellon, FL.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Renovated 1923 property with selected historic elements retained; Current configuration includes 3 bedrooms and 2 bathrooms; RBO zoning may allow on‑site living with business operations, subject to requirements
