Flex Building with Highway
New
For Sale
$1,500,000
7700 SE 129TH PLACE, Summerfield, FL 34491
A fenced property pairs office and warehouse space with outdoor area for equipment, vehicles, inventory, or materials.
Property Size6,000 SF
Lot Size2.77 Acres
Price / SF$250
Days on Market4
Property Features for 7700 SE 129TH PLACE
General Information
Standard status
Active
Size
6,000 SF
Lot size
2.77 Acres
Property subtype
Retail
Zoning
B-5
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
5,200 SF
Office Build-Out
800 SF
Amenities
2.77 acres
Additional parcels description:, Parcel Number: 45333-000-00, Public Survey Range: 23E, Public Survey Section: 05, Annual Amount: $2,239.73, Tax Block: X, Tax Book Number: X, Legal Description: SEC 05 TWP 17 RGE 23 COM AT INTERSECTION OF S BDY OF SEC 5 WITH NELY ROW LINE OF ST RD NO 500 FOR POB TH E 300 FT TH N 300 FT TH W 494.39 FT TO NELY RWY LINE OF HWY TH S 32-56-30 E ALONG HWY ROW LINE 357.47 FT TO POB EXC THE E 200 FT THEREOF, Lot: X, Year: 2025, Zoning: B5, B4
Office Only
Listing ID: MFROM732859, Standard Status: Active, MLS Status: Active, Property Subtype: Retail, On market as of 2026-09-24, Special Conditions: None
Built in 2017, Living area: 6000, Living area units: Square Feet, Construction Materials: Metal Frame, Metal Siding
MLS Area (Major): 34491 - Summerfield, County/Parish: Marion
Slab
Frontage Type: County Road, Highway, Road Surface: Paved
Building Details
Year Built
2017
Buildings
1
Building Size
6,000 SF
Construction
steel
Listing Agency:
GUS GALLOWAY REALTY INC
(352) 622-8127
Listed By:
Charles White · License #3361501
(727) 207-8292
Source:
Miharaandassociates
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 3:08PM
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 GUS GALLOWAY REALTY INC
Investment Insights
Based on property information with market context.
This 6,000-square-foot steel flex building includes 5,200 square feet of warehouse space and 800 square feet of office space. Five roll-up doors support access to the warehouse: four measure 10' x 12', and one measures 12' x 12'. The fenced property also has outdoor space for equipment, vehicles, inventory, or material storage.
The 2.77-acre site fronts the U.S. Highway 441/27 corridor between Ocala and The Villages, with approximately 350 feet of highway frontage and a median cut for northbound and southbound access. Approximately 1.4 acres carry B-5 Marion County zoning.
The 2.77-acre site fronts the U.S. Highway 441/27 corridor between Ocala and The Villages, with approximately 350 feet of highway frontage and a median cut for northbound and southbound access. Approximately 1.4 acres carry B-5 Marion County zoning.
Key Highlights
- 6,000‑square‑foot steel building with 5,200 square feet of warehouse and 800 square feet of office space
- Four 10' x 12' roll‑up doors and one 12' x 12' roll‑up door
- 2.77‑acre site with approximately 1.4 acres zoned B‑5 in Marion County
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
5.57%
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 5.57%
Second Best
Industrial
$983.3K
$860.4K – $1.15M
NOI $68,829 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$3.28M
$2.87M – $3.82M
NOI $229,352 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A fenced property pairs office and warehouse space with outdoor area for equipment, vehicles, inventory, or materials.
Where is this flex space located?
The property is located at 7700 SE 129TH PLACE Summerfield, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6,000‑square‑foot steel building with 5,200 square feet of warehouse and 800 square feet of office space; Four 10' x 12' roll‑up doors and one 12' x 12' roll‑up door; 2.77‑acre site with approximately 1.4 acres zoned B‑5 in Marion County
