Income-Generating Dunnellon Commercial
For Sale
$175,000
7630 Dunnellon Rd, Dunnellon, FL 34433
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 Market943
Property Features for 7630 Dunnellon Rd
General Information
Standard status
Active
Size
984 SF
Lot size
0.40 Acres
Taxes and HOA fees
Annual Taxes
$1,264
Listing Agency:
Keller Williams Realty - Elite Partners II
(352) 228-7744
Listed By:
Bruce R Brunk · License #3138787
(352) 228-7744
Source:
Exprealty
Added: Jan 10, 2024
Changed: Aug 8
Last Checked: Aug 7 at 10:17AM
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
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 = 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
$10,362
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
5.92%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial property in Dunnellon, Florida, currently leased for $2,000 per month.
Where is this office units 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.
