Office with Circular
For Sale
$175,000
7630 W Dunnellon Road, Dunnellon, FL 34433
COMMERCIAL - Dunnellon, FL
Property Size984 SF
Lot Size0.40 Acres
Price / SF$177.85
Days on Market956
Property Features for 7630 W Dunnellon Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
GNC
Parking
8
Parking features
Driveway
Interior features
FirstFloorEntry
Exterior features
CircularDriveway, ConcreteDriveway
Subdivision
Rainbow Est.
Lot features
Rectangular, Trees
Directions
North on Citrus Ave, left on Dunnellon Rd (property is on the right side)
Standard status
Active
APN
1023513
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
RAINBOW ESTS UNIT 2 PB 3 PG 84 LOTS 8 & 9 BLK 1
Tax Annual Amount
1264
Legal Description
RAINBOW ESTS UNIT 2 PB 3 PG 84 LOTS 8 & 9 BLK 1
Utilities
Sewer type
Septic Tank
Cooling system
Central Air
Water source
Well
Amenities
screened front porch
circular drive
Building Details
Year built
1980
Floors in Building
1
Flooring type
Tile, Concrete
Building materials
Frame
Roof type
Metal
Listing Agency:
Keller Williams Realty - Elite Partners II
(352) 637-2777
Listed By:
Bruce R Brunk · License #3138787
(352) 228-7744
Added: Jan 10, 2024
Changed: Aug 19
Last Checked: Aug 22 at 11:06PM
MLS# 829371
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property is a single-level (first floor entry) frame structure with central air, metal roof, and concrete and tile flooring. The office measures 984 SF and is arranged with a reception area (13.5x20), screened front porch, one full bathroom, a kitchen area, and storage space. Exterior features include a circular driveway with a concrete driveway surface, supported by a driveway-based parking configuration. Water service is provided by a well, with sewage handled by a septic tank.
The property is zoned GNC and sits on 0.40 acres. It is located 7 miles from downtown Dunnellon and less than 6 miles from US 19 (Suncoast Blvd). The listing describes a potential opportunity to expand by purchasing additional adjacent parcels, including 7652 W Dunnellon Rd (0.20 acres) and 7622 W Dunnellon Rd (0.40 acres), both also zoned GNC.
The office is currently leased, and the remarks reference an approximately 6% cap rate.
The property is zoned GNC and sits on 0.40 acres. It is located 7 miles from downtown Dunnellon and less than 6 miles from US 19 (Suncoast Blvd). The listing describes a potential opportunity to expand by purchasing additional adjacent parcels, including 7652 W Dunnellon Rd (0.20 acres) and 7622 W Dunnellon Rd (0.40 acres), both also zoned GNC.
The office is currently leased, and the remarks reference an approximately 6% cap rate.
Key Highlights
- Office size 984 SF with reception (13.5x20), screened front porch, 1 full bathroom, kitchen area, and storage
- Zoned GNC and set on 0.40 acres
- Circular concrete driveway with driveway‑based parking
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
Lease Details
1
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
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 - Zoned GNC office with central air, circular driveway, and an on-site well and septic setup.
Where is this office units located?
The property is located at 7630 W Dunnellon Road 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: Office size 984 SF with reception (13.5x20), screened front porch, 1 full bathroom, kitchen area, and storage; Zoned GNC and set on 0.40 acres; Circular concrete driveway with driveway‑based parking
