Historic Building Zoned Business
20847 Walnut Street Dunnellon, FL 34431
20847 Walnut Street, Dunnellon, FL, 34431
$245,000
For Sale
$245,000
Circa 1928 historic building with original hardwood floors, metal roof, covered porch, and multiple HVAC systems.
Property Size2,196 SF
Price / SF$111.57
Days on Market59
Property Features for 20847 Walnut Street
General Information
- Standard status
- Active
- Size
- 2,196 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1928
Listing agency
BRICKS & MORTAR REAL ESTATE
(352) 519-1888
Listed by
Valerie Hanchar · License #0589063
Source
Xome
Added: May 24 Updated: Jul 21 at 1:16AM Checked: Jul 21 at 3:08AM
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 BRICKS & MORTAR REAL ESTATE
Investment Insights
Based on property information with market context.
Circa 1928 historic building zoned for residential business office use, offering original hardwood floors and a covered front porch. The property includes two decorative fireplaces and a layout currently configured as an established beauty shop with six stations, a nail technician area, three hair washing sinks, a bonus room, and an additional retail area. Bathroom features include a claw foot tub and a free-standing shower, with decorative sink areas maintaining the home’s historic feel. Exterior and systems include a metal roof, three split HVAC units, 2020 central air and heat, and brand-new plumbing.
Located in Dunnellon’s Downtown Historic District, the building sits among walkable antique stores, art studios, restaurants, and doctors. Dunnellon Middle School is about two blocks away, and West 41 is described as one lot away. The property also includes a parking area for 15 vehicles with a required handicap parking pad and ramp to the wood floor hallway.
The seller states the building is still an active business, with appointments required and ideally scheduled after hours when the business is closed. Community Development Department guidance is referenced for confirming business fit with zoning requirements, including short term rental possibilities, and the building can be converted back into a home with little effort.
Located in Dunnellon’s Downtown Historic District, the building sits among walkable antique stores, art studios, restaurants, and doctors. Dunnellon Middle School is about two blocks away, and West 41 is described as one lot away. The property also includes a parking area for 15 vehicles with a required handicap parking pad and ramp to the wood floor hallway.
The seller states the building is still an active business, with appointments required and ideally scheduled after hours when the business is closed. Community Development Department guidance is referenced for confirming business fit with zoning requirements, including short term rental possibilities, and the building can be converted back into a home with little effort.
Key Highlights
- Circa 1928 historic building with 1,556 SF under air and 2,051 SF under roof
- Zoned Residential Business Office in Dunnellon's Downtown Historic District
- Original hardwood floors, covered front porch, and decorative only fireplaces
Local Financial Insights For Retail
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 | $32.9k | $15.00 |
| − Vacancy | −$2.8k | −$1.28 |
| EGI | $30.1k | $13.73 |
| − OpEx | −$9.0k | −$4.12 |
| NOI | $21.1k | $9.61 |
2,196 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$330.3K
$289.1K – $385.4K
NOI $23,124 @ 7.0% cap · market cap 9.44%
Second Best
Retail
$301.4K
$263.7K – $351.6K
NOI $21,098 @ 7.0% cap · market cap 8.61%
Theoretical Best
Specialty Retail
$493.4K
$431.8K – $575.7K
NOI $34,541 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cuttin Loose Salon
Hair Salon
Nails By Amanda
Nail Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Circa 1928 historic building with original hardwood floors, metal roof, covered porch, and multiple HVAC systems.
Where is this office units located?
The property is located at 20847 Walnut Street Dunnellon, FL.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Circa 1928 historic building with 1,556 SF under air and 2,051 SF under roof; Zoned Residential Business Office in Dunnellon's Downtown Historic District; Original hardwood floors, covered front porch, and decorative only fireplaces
