Office Units with Open
New
For Sale
$625,000
319 W SEMINOLE Avenue, Bushnell, FL 33513
Commercial Sale, BUSHNELL, FL
Property Size1,400 SF
Lot Size1.85 Acres
Price / SF$446.43
Days on Market4
Property Features for 319 W SEMINOLE Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C2
Lot features
Corner Lot, City Limits, Oversized Lot
Directions
From I-75, going south from Ocala, or North from Tampa, Take Exit 314 for FL-48 toward Bushnell / Webster. Turn Right onto FL-48 East. Drive straight on FL-48 E as it leads you directly into the city of Bushnell. Follow the roadway as it connects into downtown. Turn left onto CR-476 / N Main Street (or look for the West Seminole Avenue intersection). Turn left onto West Seminole Avenue. our destination, 319 West Seminole, will be on your right.
Subdivision
33513 - Bushnell
Standard status
Active
APN
N16-013
Size
1,400 SF
Lot size
1.85 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG AT NE COR OF SW1/4 OF SW1/ 4 RUN W 606 FT FOR BEG RUN S 420 FT E 210 FT N 420 FT W 210 FT TO BEG
Tax Annual Amount
3571
Legal Description
BEG AT NE COR OF SW1/4 OF SW1/ 4 RUN W 606 FT FOR BEG RUN S 420 FT E 210 FT N 420 FT W 210 FT TO BEG
Utilities
Utilities
Phone Available
Sewer type
Septic Tank
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1962
Floors in Building
1
Flooring type
Laminate
Building materials
Block
Roof type
Shingle
Listing Agency:
BETTER HOMES AND GARDENS REAL ESTATE ATCHLEY PROPE
(941) 556-9100
Listed By:
Lyn Riley · License #3512354
(352) 838-3359
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 24 at 7:06AM
MLS# A4706378
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,400-square-foot office property in Bushnell includes two private offices, an entry waiting area, a full restroom, and an open showroom. The building was constructed in 1962 with block construction, laminate flooring, central air, and electric heat. Public water and septic service are in place, and phone service is available.
The property is located at 319 W Seminole Avenue near US 301, with access to I-75 and nearby businesses. An older carwash structure is also present on the property. Two 42-foot containers are negotiable, while the shed is excluded. The current tenant occupies approximately half of the building and is expected to vacate soon.
The property is located at 319 W Seminole Avenue near US 301, with access to I-75 and nearby businesses. An older carwash structure is also present on the property. Two 42-foot containers are negotiable, while the shed is excluded. The current tenant occupies approximately half of the building and is expected to vacate soon.
Key Highlights
- 1,400‑square‑foot office building with two offices, waiting area, full restroom, and open showroom
- C2 zoning
- Near US 301 and I‑75 in Bushnell
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
$21,491
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
3.44%
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%
$429,820
$429.8K
Cap Rate 7%
$307,014
$307.0K
Cap Rate 9%
$238,789
$238.8K
Market Conditions
NOI Build-Up for 1,400 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
$34.9K $24.96/SF
− Vacancy
−$6.3K −$4.49/SF
EGI
$28.7K $20.47/SF
− OpEx
−$7.2K −$5.12/SF
NOI
$21.5K $15.35/SF
Area
Sumter County, FL
Vacancy
18.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$429,820
Cap Rate 7%
$307,014
Cap Rate 9%
$238,789
Alternative Uses
Best Use
Office B
$307.0K
$268.6K – $358.2K
NOI $21,491 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$400.8K
$350.7K – $467.6K
NOI $28,056 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Explore this area
Business Placement
Demographics for 33513, FL
12,204
Population
5,527
Households
2.2
Avg Household Size
47
Median Age
15%
College-Educated
84%
High-School Grad
85.5 sq mi
ZIP Area
143
Density / Sq Mi
$59,497
Median Household Income
$35,403
Median Earnings
$1,089
Median Rent
$213,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - C2-zoned office property with two offices, a waiting area, restroom, and open showroom.
Where is this office units located?
The property is located at 319 W SEMINOLE Avenue Bushnell, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1,400‑square‑foot office building with two offices, waiting area, full restroom, and open showroom; C2 zoning; Near US 301 and I‑75 in Bushnell
