Freestanding Bank Branch
For Sale
Contact for pricing
5760 SE County Hwy 484, Belleview, FL 34420
Freestanding Truist branch on a high-traffic arterial, offered on an absolute net lease basis.
Property Size7,925 SF
Lot Size1.21 Acres
Price / SF$201.89
Days on Market102
Property Features for 5760 SE County Hwy 484
General Information
Standard status
Active
Size
7,925 SF
Lot size
1.21 Acres
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$98,560
Site & Location
Traffic Count
43,700 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1984
Tenancy
Single
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Ryan Wolf · License #TX 622900
(817) 932-6162
Source:
Crexi
Added: Jun 2
Changed: Sep 9
Last Checked: Sep 11 at 8:22AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
The offering is an absolute net leased Truist Financial Corporation branch presented as a freestanding facility. The property contains a 7,925-square-foot branch building on a 1.21-acre site. The location has been operating as a Truist Bank facility for approximately 18 years. Lease terms include 1.5% annual rent increases.
The property is situated near the intersection of SE Abshier Blvd and County Highway 484. County Highway 484 is reported to carry a combined 43,700 vehicles per day. The asset is located approximately 11 miles north of The Villages.
This is a straightforward fit for investors seeking an absolute net leased, single-tenant bank branch with an established operating history and contractual annual rent increases. The freestanding setup supports a dedicated branch footprint on its own parcel, while the primary road exposure aligns with day-to-day customer access needs.
The property is situated near the intersection of SE Abshier Blvd and County Highway 484. County Highway 484 is reported to carry a combined 43,700 vehicles per day. The asset is located approximately 11 miles north of The Villages.
This is a straightforward fit for investors seeking an absolute net leased, single-tenant bank branch with an established operating history and contractual annual rent increases. The freestanding setup supports a dedicated branch footprint on its own parcel, while the primary road exposure aligns with day-to-day customer access needs.
Key Highlights
- 7,925 SF freestanding Truist Financial branch on 1.21 acres
- Absolute net lease with 1.5% annual rent increases
- Operated as a Truist Bank location for approximately 18 years
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
$96,015
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
6.00%
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%
$1,920,300
$1.9M
Cap Rate 7%
$1,371,643
$1.4M
Cap Rate 9%
$1,066,833
$1.1M
Market Conditions
NOI Build-Up for 7,925 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
$135.0K $17.04/SF
− Vacancy
−$7.0K −$0.89/SF
EGI
$128.0K $16.15/SF
− OpEx
−$32.0K −$4.04/SF
NOI
$96.0K $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%
$1,920,300
Cap Rate 7%
$1,371,643
Cap Rate 9%
$1,066,833
Alternative Uses
Best Use
Retail
$2.85M
$2.49M – $3.32M
NOI $199,325 @ 7.0% cap · market cap 12.46%
Second Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $96,015 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$4.33M
$3.79M – $5.05M
NOI $302,935 @ 7.0% cap · market cap 18.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
43,700 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Explore this area
Business Placement
Demographics for 34420, FL
17,969
Population
8,555
Households
2.1
Avg Household Size
45
Median Age
14%
College-Educated
91%
High-School Grad
24.1 sq mi
ZIP Area
746
Density / Sq Mi
$52,551
Median Household Income
$34,599
Median Earnings
$909
Median Rent
$192,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Bank - Freestanding Truist branch on a high-traffic arterial, offered on an absolute net lease basis.
Where is this bank located?
The property is located at 5760 SE County Hwy 484 Belleview, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 7,925 SF freestanding Truist Financial branch on 1.21 acres; Absolute net lease with 1.5% annual rent increases; Operated as a Truist Bank location for approximately 18 years
