Flex Space with B-4
5920 SE HAMES Rd Belleview, FL 34420
New
For Sale
$895,000
Freestanding building on two adjacent parcels with B-4 zoning near US Highway 441 and SE Abshier Blvd.
Property Size5,279 SF
Lot Size0.67 Acres
Price / SF$169.54
Days on Market3
Property Features for 5920 SE HAMES Rd
General Information
Standard status
Active
Size
5,279 SF
Lot size
0.67 Acres
Property subtype
Commercial
Building Details
Year Built
1968
Listing Agency:
Gus Galloway Realty, Inc.
(352) 572-9109
Listed By:
Nolan Galloway, III · License #3361501
(352) 572-9109
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 8:55PM
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 Gus Galloway Realty, Inc.
Investment Insights
Based on property information with market context.
This flex space offering includes two adjacent commercial parcels totaling 0.67± acres, zoned B-4, improved with a 5,279 SF freestanding commercial building. The existing building is currently occupied, providing an owner-user or investor option in a flexible B-4 zoning setting.
The property sits on SE Hames Rd just off U.S. Highway 441 / SE Abshier Blvd, positioned for convenient access to a major commercial corridor connecting Belleview, Ocala, and The Villages.
Built in 1968, the site features an established freestanding structure on the combined parcel area, with bikeScore of 29 (somewhat bikeable) and walkScore of 5 (car-dependent).
The property sits on SE Hames Rd just off U.S. Highway 441 / SE Abshier Blvd, positioned for convenient access to a major commercial corridor connecting Belleview, Ocala, and The Villages.
Built in 1968, the site features an established freestanding structure on the combined parcel area, with bikeScore of 29 (somewhat bikeable) and walkScore of 5 (car-dependent).
Key Highlights
- Two adjacent parcels totaling 0.67± acres with B‑4 zoning
- 5,279 SF freestanding commercial building on‑site and currently occupied
- Located on SE Hames Rd just off U.S. Highway 441 / SE Abshier Blvd
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $90.6k | $17.16 |
| − Vacancy | −$4.1k | −$0.77 |
| EGI | $86.5k | $16.39 |
| − OpEx | −$26.0k | −$4.92 |
| NOI | $60.6k | $11.47 |
5,279 SF · lease $17.16/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$865.1K
$757.0K – $1.01M
NOI $60,558 @ 7.0% cap · market cap 6.77%
Second Best
Flex RnD
$623.7K
$545.7K – $727.7K
NOI $43,659 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M
NOI $201,791 @ 7.0% cap · market cap 22.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Counts Cuisine — 8259 SE C25, Belleview, FL 34420
- Steve's FAMOUS PNuts — 5803 SE Hames Rd, Belleview, FL 34420
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding building on two adjacent parcels with B-4 zoning near US Highway 441 and SE Abshier Blvd.
Where is this flex space located?
The property is located at 5920 SE HAMES Rd Belleview, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two adjacent parcels totaling 0.67± acres with B‑4 zoning; 5,279 SF freestanding commercial building on‑site and currently occupied; Located on SE Hames Rd just off U.S. Highway 441 / SE Abshier Blvd
