Highway-Frontage Flex
New
For Sale
$1,500,000
7700 SE 129TH Place, Summerfield, FL 34491
Commercial Sale, SUMMERFIELD, FL
Property Size6,000 SF
Lot Size2.77 Acres
Price / SF$250
Days on Market1
Property Features for 7700 SE 129TH Place
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
B5, B4
Directions
From Belleview head south on US HWY 441, propert located on the SE Corner of US HWY 441 and SE 129th Pl
Subdivision
34491 - Summerfield
Standard status
Active
APN
45333-000-00
Size
6,000 SF
Lot size
2.77 Acres
Taxes and HOA fees
Tax Year
2025
Tax 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
Tax Annual Amount
2240
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
Building Details
Year built
2017
Building materials
Metal Frame, Metal Siding
Listing Agency:
GUS GALLOWAY REALTY INC
(352) 622-8127
Listed By:
Charles White · License #3361501
(727) 207-8292
Added: Sep 24
Last Checked: Sep 24 at 7:06PM
MLS# OM732859
Copyright © 2026 Stellar MLS. 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 2.77-acre flex property in Summerfield includes a 6,000-square-foot metal-frame building with metal siding. The interior comprises approximately 5,200 square feet of warehouse space and 800 square feet of office area. Five roll-up doors serve the building: four measuring 10 by 12 feet and one measuring 12 by 12 feet. Fencing encloses the property, which also has substantial outdoor storage area.
Approximately 1.4 acres carry B-5 Marion County zoning. The site fronts U.S. Highway 441/27 for approximately 350 feet and has a median cut for access in both directions. Its position along the corridor between Ocala and The Villages places it within reach of Marion, Lake, and Sumter county markets.
Approximately 1.4 acres carry B-5 Marion County zoning. The site fronts U.S. Highway 441/27 for approximately 350 feet and has a median cut for access in both directions. Its position along the corridor between Ocala and The Villages places it within reach of Marion, Lake, and Sumter county markets.
Key Highlights
- 2.77‑acre property with approximately 1.4 acres zoned B‑5
- 6,000‑square‑foot metal building with 5,200 square feet of warehouse and 800 square feet of office space
- Approximately 350 feet of frontage on U.S. Highway 441/27 and a median cut for northbound and southbound access
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
View Realmo Analytics
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 commercial site pairs office and warehouse improvements 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: 2.77‑acre property with approximately 1.4 acres zoned B‑5; 6,000‑square‑foot metal building with 5,200 square feet of warehouse and 800 square feet of office space; Approximately 350 feet of frontage on U.S. Highway 441/27 and a median cut for northbound and southbound access
