Office Building with
New
For Sale
$625,000
319 W SEMINOLE AVENUE, Bushnell, FL 33513
C2-zoned commercial property combines office rooms, a reception area, and showroom space.
Property Size1,400 SF
Lot Size1.85 Acres
Price / SF$446.43
Days on Market6
Property Features for 319 W SEMINOLE AVENUE
General Information
Standard status
Active
Size
1,400 SF
Lot size
1.85 Acres
Property subtype
Office
Zoning
C2
Occupancy
50%
Site & Location
Pylon Signage
No
Highway Access
Yes
Amenities
1.85 acres, Dimensions: 210x370, Corner Lot, City Limits, Oversized Lot
Shingle
Septic Tank
Additional parcels description:, Parcel Number: N16-013, Public Survey Range: 22E, Public Survey Section: 16, Annual Amount: $3,570.6, Tax Block: 013, Tax Book Number: 4405/604, 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, Lot: 013, Year: 2025, Zoning: C2
Laminate
Office Only, Central Air
Central, Electric
Listing ID: MFRA4706378, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-09-22, Special Conditions: None
Built in 1962, Living area: 1400, Living area units: Square Feet, Building faces North, Levels: One, Construction Materials: Block
MLS Area (Major): 33513 - Bushnell, County/Parish: Sumter
Completed, Other structures: Containers
Electricity Available, Phone Available, Public, Water Connected, Water Source: Public, 200+ Amp Service
Block
Close Of Escrow, Negotiable
Frontage Type: City Street, Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Building Details
Year Built
1962
Buildings
1
Listing Agency:
BETTER HOMES AND GARDENS REAL ESTATE ATCHLEY PROPE
(941) 556-9100
Listed By:
Lyn Riley · License #3512354
(941) 225-5552
Source:
Miharaandassociates
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 10:07AM
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 BETTER HOMES AND GARDENS REAL ESTATE ATCHLEY PROPE
Investment Insights
Based on property information with market context.
The 1,400-square-foot office building was constructed in 1962 and contains two offices, a full restroom, an entrance waiting area, and open showroom space. A tenant currently occupies half of the building and is expected to leave soon. The parcel totals 1.845 acres and carries C2 zoning. An older carwash structure is also present on the property; its future use is not established.
The property is near Hwy 301, with I-75 and other businesses nearby in Bushnell, Florida.
The property is near Hwy 301, with I-75 and other businesses nearby in Bushnell, Florida.
Key Highlights
- 1.845‑acre parcel with C2 zoning
- 1,400‑square‑foot building constructed in 1962
- Two offices, full restroom, waiting area, and open showroom
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
Retail
$226.0K
$197.8K – $263.7K
NOI $15,823 @ 7.0% cap · market cap 2.53%
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
50%
Occupancy
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
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Frequently Asked Questions
What type of property is this?
Office building - C2-zoned commercial property combines office rooms, a reception area, and showroom space.
Where is this office building 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: 1.845‑acre parcel with C2 zoning; 1,400‑square‑foot building constructed in 1962; Two offices, full restroom, waiting area, and open showroom
