Two-Unit Storefront
3490 W Dunnellon ROAD, Dunnellon, FL 34433
For Sale
$257,700
Each space has a bathroom, sink with built-in cabinetry, and open interior area.
Property Size1,440 SF
Days on Market576
Property Features for 3490 W Dunnellon ROAD
General Information
Standard status
Size
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Central Air
Electric
Driveway, Open
Lighting
Building Details
Building Size
Year Built
Listing Agency:
Ed Tolle Real Estate Inc
Listed By:
Evelyn Surrency · License #320483
(352) 634-1861
Source:
Evrealestate
Added: Apr 11, 2025
Changed: Nov 6
Last Checked: Nov 6 at 8:06AM
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 Ed Tolle Real Estate Inc
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Investment Insights
Based on property information with market context.
Built in 1983, this storefront property at 3490 W Dunnellon in Dunnellon, Florida, contains two separate spaces. Each has a bathroom, a kitchen sink with built-in cabinetry, and open interior area. The property is zoned GNC.
One space is described as needing renovation; the other is available for occupancy. A front parking area and additional space behind the building are also part of the property.
One space is described as needing renovation; the other is available for occupancy. A front parking area and additional space behind the building are also part of the property.
Key Highlights
- Two distinct storefront spaces
- Both spaces include a bathroom and sink with built‑in cabinetry
- GNC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,835
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,700
$276.7K
Cap Rate 7%
$197,643
$197.6K
Cap Rate 9%
$153,722
$153.7K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$21.6K $15.00/SF
− Vacancy
−$1.8K −$1.28/SF
EGI
$19.8K $13.73/SF
− OpEx
−$5.9K −$4.12/SF
NOI
$13.8K $9.61/SF
Area
Citrus County, FL
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,700
Cap Rate 7%
$197,643
Cap Rate 9%
$153,722
Alternative Uses
Best Use
Retail
$197.6K
$172.9K – $230.6K
NOI $13,835 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$323.6K
$283.1K – $377.5K
NOI $22,650 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34433, FL
7,719
Population
3,622
Households
2.1
Avg Household Size
52
Median Age
17%
College-Educated
89%
High-School Grad
33.7 sq mi
ZIP Area
229
Density / Sq Mi
$70,024
Median Household Income
$39,567
Median Earnings
$1,322
Median Rent
$217,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Citrus County, FL
Properties on Market for Storefront properties in Citrus County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Each space has a bathroom, sink with built-in cabinetry, and open interior area.
Where is this storefront property located?
The property is located at 3490 W Dunnellon ROAD Dunnellon, FL.
What is the asking price?
The asking price for this property is $257,700.
What are key features of this property?
This property features: Two distinct storefront spaces; Both spaces include a bathroom and sink with built‑in cabinetry; GNC zoning
