Renovated Conventional
For Sale
$799,000
5195 E Silver Springs Boulevard, Silver Springs, FL 34488
Food-service infrastructure, flexible adjoining space, and B-2 zoning support restaurant and related commercial uses.
Property Size2,552 SF
Price / SF$313.09
Days on Market47
Property Features for 5195 E Silver Springs Boulevard
General Information
Standard status
Active
Size
2,552 SF
Property subtype
Retail
Zoning
B-2
Site & Location
Traffic Count
21,963 vehicles/day
Road Access
Yes
Utilities to Site
Yes
Restaurant
Hood Type
Type I
Commercial Hood
Yes
Grease Trap
Yes
Taxes and HOA fees
Annual Taxes
$3,370
Amenities
Central Air, Heat Pump
3
Concrete
Asphalt, Shingle
Parking.
15 Parking Spaces. Paved Driveway, Lot, Private.
Handicapped Access. State Road, Clear lot.
Building Details
Year Built
1983
Year Renovated
2026
Listing Agency:
Century 21 J.W.Morton R.E.
(352) 464-2664
Listed By:
Richard Fernley · License #3602811
(352) 464-2664
Source:
Xome
Added: Jul 16
Changed: Aug 30
Last Checked: Aug 30 at 6:09PM
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 Century 21 J.W.Morton R.E.
Investment Insights
Based on property information with market context.
Built in 1983 and renovated in 2026, this conventional restaurant property includes a 674-square-foot dining area designed for approximately 45 occupants, plus an adjoining 285-square-foot flex area for storage, office use, private dining, or additional seating. Improvements include a Type I grease hood, automatic fire suppression, natural gas connections, stainless steel wall protection, FRP panels, ADA-compliant restrooms, and a commercial grease interceptor. Rough plumbing is in place for a three-compartment sink, hand sink, mop sink, and additional kitchen fixtures. Central air and a heat pump serve the building.
The property fronts SR 40 in the Ocala, FL MSA, with 2025 FDOT traffic counts of 21,963 AADT. It is approximately 0.6 miles from Silver Springs State Park and approximately 0.5 miles from the SR 40 and SR/CR 35 intersection. Marion County B-2 Community Business zoning allows a broad range of retail, service, and hospitality uses, while additional uses may be available through the county’s Special Use Permit process. Natural gas, electric, public water, and public sewer are available. The site includes 15 paved parking spaces and handicapped access.
The property fronts SR 40 in the Ocala, FL MSA, with 2025 FDOT traffic counts of 21,963 AADT. It is approximately 0.6 miles from Silver Springs State Park and approximately 0.5 miles from the SR 40 and SR/CR 35 intersection. Marion County B-2 Community Business zoning allows a broad range of retail, service, and hospitality uses, while additional uses may be available through the county’s Special Use Permit process. Natural gas, electric, public water, and public sewer are available. The site includes 15 paved parking spaces and handicapped access.
Key Highlights
- 674 SF± dining area with approximately 45‑occupant capacity
- 285 SF± adjoining flex space for storage, office, private dining, or seating
- 2026 renovation includes Type I hood, fire suppression, grease interceptor, and kitchen plumbing
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
$30,919
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
3.87%
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%
$618,380
$618.4K
Cap Rate 7%
$441,700
$441.7K
Cap Rate 9%
$343,544
$343.5K
Market Conditions
NOI Build-Up for 2,552 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
$43.5K $17.04/SF
− Vacancy
−$2.3K −$0.89/SF
EGI
$41.2K $16.15/SF
− OpEx
−$10.3K −$4.04/SF
NOI
$30.9K $12.12/SF
Area
Marion County, FL
Vacancy
5.20%
Lease Rate
$17.04 /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%
$618,380
Cap Rate 7%
$441,700
Cap Rate 9%
$343,544
Alternative Uses
Best Use
Specialty Retail
$441.7K
$386.5K – $515.3K
NOI $30,919 @ 7.0% cap · market cap 3.87%
Second Best
Industrial
$418.2K
$365.9K – $487.9K
NOI $29,275 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,551 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
21,963 VPD
Traffic count
Yes
Paved road access
Yes
Utilities to site
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34488, FL
11,392
Population
6,816
Households
1.7
Avg Household Size
52
Median Age
19%
College-Educated
87%
High-School Grad
85.6 sq mi
ZIP Area
133
Density / Sq Mi
$45,239
Median Household Income
$29,074
Median Earnings
$1,098
Median Rent
$75,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Food-service infrastructure, flexible adjoining space, and B-2 zoning support restaurant and related commercial uses.
Where is this conventional restaurant located?
The property is located at 5195 E Silver Springs Boulevard Silver Springs, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 674 SF± dining area with approximately 45‑occupant capacity; 285 SF± adjoining flex space for storage, office, private dining, or seating; 2026 renovation includes Type I hood, fire suppression, grease interceptor, and kitchen plumbing
