Office/Warehouse Flex
For Sale
$1,250,000
7700 Se 129th Place SUMMERFIELD, Summerfield, FL 34491
Multi-parcel property with B4 and B5 zoning and an existing office/warehouse building.
Property Size6,000 SF
Lot Size2.77 Acres
Price / SF$208.33
Days on Market60
Property Features for 7700 Se 129th Place SUMMERFIELD
General Information
Standard status
Active
Size
6,000 SF
Lot size
2.77 Acres
Zoning
B4
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$110
Amenities
Concrete
Owner
true
2.8466
400 x 310
2.77
3
false
Asphalt
Slab
Access Road
6000
1
Building Details
Building Size
6,000 SF
Year Built
2018
Buildings
1
Listed By:
Baker Morgan
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 5
Changed: Sep 2
Last Checked: Sep 1 at 2:40PM
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 Baker Morgan
Investment Insights
Based on property information with market context.
Now available, this 2.77-acre commercial property consists of 3 parcels and includes over 350’ of frontage on Hwy 441/27. The site is located between Belleview and the Villages, in a growing retail and professional area.
The property features a 6,000 square foot office/warehouse with room for parking, along with additional space on the frontage parcel for new construction. With B4 & B5 zoning, the range of possible uses is broad. The owner has relocated and the property can close quickly.
The property features a 6,000 square foot office/warehouse with room for parking, along with additional space on the frontage parcel for new construction. With B4 & B5 zoning, the range of possible uses is broad. The owner has relocated and the property can close quickly.
Key Highlights
- 2.77‑acre commercial property made up of 3 parcels with 400 x 310 lot dimensions
- Over 350’ of frontage on Hwy 441/27 with road frontage on an access road (asphalt)
- 6,000 SF office/warehouse building on a slab foundation (1 building total)
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
Office B
$2.22M
$1.94M – $2.59M
NOI $155,160 @ 7.0% cap · market cap 12.41%
Second Best
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,578 @ 7.0% cap · market cap 6.69%
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 Office 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 property with B4 and B5 zoning and an existing office/warehouse building.
Where is this flex space located?
The property is located at 7700 Se 129th Place SUMMERFIELD 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 with 400 x 310 lot dimensions; Over 350’ of frontage on Hwy 441/27 with road frontage on an access road (asphalt); 6,000 SF office/warehouse building on a slab foundation (1 building total)
