Income-Generating Dunnellon Commercial
7630 Dunnellon Rd, Dunnellon, FL 34433
For Sale
$175,000
Commercial property in Dunnellon, Florida, currently leased for $2,000 per month.
Property Size984 SF
Lot Size0.40 Acres
Price / SF$177.85
Days on Market1038
Property Features for 7630 Dunnellon Rd
General Information
Standard status
Size
Lot size
Taxes and HOA fees
Annual Taxes
Listing Agency:
Keller Williams Realty - Elite Partners II
(352) 419-0200
Listed By:
Bruce R Brunk · License FL #3138787
(352) 228-7744
Source:
Exprealty
Added: Jan 10, 2024
Changed: Aug 12
Last Checked: Oct 12 at 5:28PM
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 Keller Williams Realty - Elite Partners II
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Investment Insights
Based on property information with market context.
Located in Dunnellon, Florida, this income-producing commercial property presents an investment opportunity. Zoned GNC commercial, the property is situated on 0.40 acres. There is an option to purchase adjacent parcels at 7652 W Dunnellon Rd (0.20 acres) and 7622 W Dunnellon Rd (0.40 acres) to expand the property; these lots are also zoned GNC. The 984-square-foot office includes a reception area (13.5x20), a screened front porch, one full bathroom, a kitchen area, and storage space. It is currently leased for $2,000 per month. The property features a circular drive with ample parking. It is located 7 miles from downtown Dunnellon and less than 6 miles from US 19 (Suncoast Blvd). The residential population of Citrus County has increased by 15.1% since 2010. The extension of the Suncoast Parkway 2 is underway, with a proposed exit a few miles from the property. The property offers an approximate 6% cap rate.
Key Highlights
- Income‑producing property currently leased for $2,000/month (approximately 6% cap rate).
- Zoned GNC commercial, offering diverse business possibilities.
- Option to expand with adjacent parcels (7652 W Dunnellon Rd and 7622 W Dunnellon Rd), also zoned GNC.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,362
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,240
$207.2K
Cap Rate 7%
$148,029
$148.0K
Cap Rate 9%
$115,133
$115.1K
Market Conditions
NOI Build-Up for 984 SF
Gross rent
$17.7K $18.00/SF
− Vacancy
−$3.9K −$3.96/SF
EGI
$13.8K $14.04/SF
− OpEx
−$3.5K −$3.51/SF
NOI
$10.4K $10.53/SF
Area
Citrus County, FL
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,240
Cap Rate 7%
$148,029
Cap Rate 9%
$115,133
Alternative Uses
Best Use
Office B
$148.0K
$129.5K – $172.7K
NOI $10,362 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$221.1K
$193.5K – $258.0K
NOI $15,477 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
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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 Office Units in Citrus County, FL
Properties on Market for Office Units in Citrus County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial property in Dunnellon, Florida, currently leased for $2,000 per month.
Where is this office unit located?
The property is located at 7630 Dunnellon Rd Dunnellon, FL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Income‑producing property currently leased for $2,000/month (approximately 6% cap rate).; Zoned GNC commercial, offering diverse business possibilities.; Option to expand with adjacent parcels (7652 W Dunnellon Rd and 7622 W Dunnellon Rd), also zoned GNC.
