Office/Warehouse Flex
For Sale
$1,250,000
7700 129TH PLACE, Summerfield, FL 34491
Multi-parcel commercial site with significant Hwy 441/27 frontage and a 6,000 SF office-warehouse for a flexible tenant setup.
Property Size6,000 SF
Lot Size2.77 Acres
Price / SF$208.33
Days on Market89
Property Features for 7700 129TH PLACE
General Information
Standard status
Active
Size
6,000 SF
Lot size
2.77 Acres
Property subtype
Business Opportunities
Zoning
B4 & B5
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$111
Amenities
Central Air
3
400X310
Asphalt.
Building Details
Year Built
2018
Listing Agency:
FLATFEE.COM
(954) 965-3990
Listed By:
Gustavo Silva
Source:
Xome
Added: Jun 8
Changed: Sep 3
Last Checked: Sep 2 at 1:04PM
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 FLATFEE.COM
Investment Insights
Based on property information with market context.
This for-sale commercial property consists of 3 parcels totaling 2.77 acres. It features more than 350 feet of frontage on Hwy 441/27 and includes a 6,000-square-foot office/warehouse building. The site also offers room for parking and additional development along the frontage parcel, allowing flexibility for companies that want to occupy existing improvements while planning future expansion.
The property is positioned in a growing retail and professional district between Belleview and the Villages, with vehicle-oriented access consistent with the car-dependent walk and bike scores provided. The combination of highway frontage and multi-parcel configuration is designed to support visibility and a range of commercial uses.
With B4 and B5 zoning, the property may support an extensive list of uses. It presents a practical option for an owner-occupant seeking an office/warehouse configuration or a developer/tenant looking to add new construction at the frontage. The owner has relocated, and the listing notes that the property can close quickly.
The property is positioned in a growing retail and professional district between Belleview and the Villages, with vehicle-oriented access consistent with the car-dependent walk and bike scores provided. The combination of highway frontage and multi-parcel configuration is designed to support visibility and a range of commercial uses.
With B4 and B5 zoning, the property may support an extensive list of uses. It presents a practical option for an owner-occupant seeking an office/warehouse configuration or a developer/tenant looking to add new construction at the frontage. The owner has relocated, and the listing notes that the property can close quickly.
Key Highlights
- 2.77‑acre commercial property made up of 3 parcels
- Over 350 ft of frontage on Hwy 441/27
- 6,000 SF office/warehouse building with parking space
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
$83,578
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
6.69%
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%
$1,671,560
$1.7M
Cap Rate 7%
$1,193,971
$1.2M
Cap Rate 9%
$928,644
$928.6K
Market Conditions
NOI Build-Up for 6,000 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
$103.0K $17.16/SF
− Vacancy
−$4.6K −$0.77/SF
EGI
$98.3K $16.39/SF
− OpEx
−$14.7K −$2.46/SF
NOI
$83.6K $13.93/SF
Area
Marion County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
15.00%
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%
$1,671,560
Cap Rate 7%
$1,193,971
Cap Rate 9%
$928,644
Alternative Uses
Best Use
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,578 @ 7.0% cap · market cap 6.69%
Second Best
Industrial
$983.3K
$860.4K – $1.15M
NOI $68,829 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$3.28M
$2.87M – $3.82M
NOI $229,352 @ 7.0% cap · market cap 18.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34491, FL
31,545
Population
15,474
Households
2
Avg Household Size
61
Median Age
22%
College-Educated
88%
High-School Grad
44.9 sq mi
ZIP Area
703
Density / Sq Mi
$65,900
Median Household Income
$35,440
Median Earnings
$1,102
Median Rent
$253,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Multi-parcel commercial site with significant Hwy 441/27 frontage and a 6,000 SF office-warehouse for a flexible tenant setup.
Where is this flex space located?
The property is located at 7700 129TH PLACE Summerfield, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2.77‑acre commercial property made up of 3 parcels; Over 350 ft of frontage on Hwy 441/27; 6,000 SF office/warehouse building with parking space
