Renovated Restaurant with Commercial
For Sale
Contact for pricing
5201 E Silver Springs Blvd, Silver Springs, FL 34488
Food-service infrastructure supports restaurant, bar, bakery, catering, and other commercial kitchen operations.
Property Size2,552 SF
Price / SF$313.09
Days on Market56
Property Features for 5201 E Silver Springs Blvd
General Information
Standard status
Active
Size
2,552 SF
Property subtype
RETAIL
Site & Location
Traffic Count
21,963 vehicles/day
Road Access
Yes
Restaurant
Seating Capacity
45
Hood Type
Type I
Commercial Hood
Yes
Grease Trap
Yes
Liquor License
No
Building Details
Year Renovated
2026
Listing Agency:
CENTURY 21 J W Morton Real Estate, Inc.
(352) 726-6668
Listed By:
Rich Fernley
(352) 464-2664
Source:
Moodyscre
Added: Jul 23
Changed: Sep 6
Last Checked: Sep 15 at 6:26AM
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 Real Estate, Inc.
Investment Insights
Based on property information with market context.
Extensively renovated in 2026, this 2,552-square-foot restaurant property includes substantial food-service infrastructure for restaurant and other commercial kitchen operations. Improvements include a Type I grease exhaust hood, automatic fire suppression system, multiple natural gas connections, stainless steel wall protection, fiberglass reinforced plastic (FRP) panels, ADA-compliant restrooms, and an existing commercial grease interceptor. New rough plumbing was completed for a three-compartment sink, hand sink, mop sink, and additional kitchen fixtures, along with life safety improvements.
The 674-square-foot dining area accommodates approximately 45 occupants, while an adjoining 285-square-foot flex space can support storage, office, private dining, or additional seating. The property is positioned along SR 40, with 2025 FDOT traffic counts of 21,963 AADT, within an established commercial corridor in the Ocala, FL MSA. The property has historically held liquor, beer, and wine licenses, subject to applicable licensing and regulatory approvals.
The 674-square-foot dining area accommodates approximately 45 occupants, while an adjoining 285-square-foot flex space can support storage, office, private dining, or additional seating. The property is positioned along SR 40, with 2025 FDOT traffic counts of 21,963 AADT, within an established commercial corridor in the Ocala, FL MSA. The property has historically held liquor, beer, and wine licenses, subject to applicable licensing and regulatory approvals.
Key Highlights
- Renovated in 2026 with Type I grease hood and automatic fire suppression system
- 2,552‑square‑foot restaurant property along SR 40
- 2025 FDOT traffic counts of 21,963 AADT
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
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
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Food-service infrastructure supports restaurant, bar, bakery, catering, and other commercial kitchen operations.
Where is this conventional restaurant located?
The property is located at 5201 E Silver Springs Blvd 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: Renovated in 2026 with Type I grease hood and automatic fire suppression system; 2,552‑square‑foot restaurant property along SR 40; 2025 FDOT traffic counts of 21,963 AADT
