Multi-Unit Retail
For Sale
$338,000
Pending
7805 S Florida Avenue, Floral City, FL 34436
CommercialSale, Floral City, FL
Property Size3,229 SF
Lot Size0.20 Acres
Days on Market133
Property Features for 7805 S Florida Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
GNC
Parking
12
Parking features
Parking Lot
Interior features
HighCeilings
Subdivision
Not on List
Lot features
Flat, Irregular Lot
Directions
Located just south of the intersection of Orange Avenue and US 41 on left hand side.
Standard status
Pending
APN
1857520
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MOONS 2ND ADD TO FLORAL CITY PB 2 PG 47 LOT 7 BLK 2 --&-- PART OF LOT 6 BLK 2 DESCR AS FOL: COM AT NW COR OF LOT 6 BLK 2 TH S AL W LN OF LOT 6 66 FT TO POB TH N 89 DEG 59M 40S E AL S LN OF N 66 FT OF LOT 6 63.34 FT TH N 4 DEG 59M E 3.86 FT TO SW COR OF BLDG KNOWN AS LOVE PACKING HOUSE TH AL WALL OF BLDG FOL COURSES & DIS: S 85 DEG 1M E 13.9 FT S 4 DEG 59M W 1.35 FT S 85 DEG 1M E 11.1 FT N 4 DEG 59M E 1.35 FT TH S 85 DEG 1M E 19.22 FT TO S LN OF N 66 FT OF LOT 6 TH S 85 DEG 1M E AL WALL OF BLDG 7 .6 FT TO W R/W LN OF ACL RR TH S 24 DEG 14M 50S W AL R/W 92.51 FT TO S LN OF LOT 6 TH S 89 DEG 59M 40S W AL S LN 77.31 FT TO SW COR OF LOT 6 TH N AL W LN OF LOT 6 85 FT TO POB EXC R/W OF US HWY 41 DESC IN OR BK 1386 PG 366 OR BK 2175 PG 1522
Tax Annual Amount
2830
Legal Description
MOONS 2ND ADD TO FLORAL CITY PB 2 PG 47 LOT 7 BLK 2 --&-- PART OF LOT 6 BLK 2 DESCR AS FOL: COM AT NW COR OF LOT 6 BLK 2 TH S AL W LN OF LOT 6 66 FT TO POB TH N 89 DEG 59M 40S E AL S LN OF N 66 FT OF LOT 6 63.34 FT TH N 4 DEG 59M E 3.86 FT TO SW COR OF BLDG KNOWN AS LOVE PACKING HOUSE TH AL WALL OF BLDG FOL COURSES & DIS: S 85 DEG 1M E 13.9 FT S 4 DEG 59M W 1.35 FT S 85 DEG 1M E 11.1 FT N 4 DEG 59M E 1.35 FT TH S 85 DEG 1M E 19.22 FT TO S LN OF N 66 FT OF LOT 6 TH S 85 DEG 1M E AL WALL OF BLDG 7 .6 FT TO W R/W LN OF ACL RR TH S 24 DEG 14M 50S W AL R/W 92.51 FT TO S LN OF LOT 6 TH S 89 DEG 59M 40S W AL S LN 77.31 FT TO SW COR OF LOT 6 TH N AL W LN OF LOT 6 85 FT TO POB EXC R/W OF US HWY 41 DESC IN OR BK 1386 PG 366 OR BK 2175 PG 1522
Utilities
Sewer type
Septic Tank
Cooling system
Central Air
Water source
Public
Amenities
newer metal roof
upgraded 200-amp electrical service and panel
direct rear frontage along the Withlacoochee State Trail
Building Details
Year built
1950
Floors in Building
1
Flooring type
Laminate, Concrete
Building materials
Block, Concrete
Roof type
Metal, Asphalt, Shingle
Listing Agency:
Century 21 J.W.Morton R.E. · Century 21 Real Estate
Listed By:
LaWanda Watt · License #3276809
(352) 726-6668
Added: Apr 27
Changed: Sep 4
Last Checked: Sep 6 at 12:06AM
MLS# 854361
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 retail property comprises two buildings on approximately 0.20 acres. The primary concrete-block structure contains two separate areas, including retail space and an automotive or mechanical area. A detached secondary building adds additional retail or office capacity. High ceilings, laminate and concrete flooring, central air, a parking lot, public water, and septic service are among the existing property features. The improvements date to 1950, with the former flower shop area remodeled in 2008 and electrical service upgraded to 200 amps.
The property fronts South Florida Avenue and also has rear frontage along the Withlacoochee State Trail. GNC zoning, multiple commercial areas, and the existing layout support a range of retail, office, automotive, and service-based configurations. The site is located in Floral City, in Citrus County, Florida.
The property fronts South Florida Avenue and also has rear frontage along the Withlacoochee State Trail. GNC zoning, multiple commercial areas, and the existing layout support a range of retail, office, automotive, and service-based configurations. The site is located in Floral City, in Citrus County, Florida.
Key Highlights
- Two‑building retail property on approximately 0.20 acres
- Primary concrete‑block building with two separate commercial areas
- Detached building provides additional retail or office 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
$31,023
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
9.18%
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%
$620,460
$620.5K
Cap Rate 7%
$443,186
$443.2K
Cap Rate 9%
$344,700
$344.7K
Market Conditions
NOI Build-Up for 3,229 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
$48.4K $15.00/SF
− Vacancy
−$4.1K −$1.28/SF
EGI
$44.3K $13.73/SF
− OpEx
−$13.3K −$4.12/SF
NOI
$31.0K $9.61/SF
Area
Citrus County, FL
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$620,460
Cap Rate 7%
$443,186
Cap Rate 9%
$344,700
Alternative Uses
Best Use
Retail
$443.2K
$387.8K – $517.1K
NOI $31,023 @ 7.0% cap · market cap 9.18%
Second Best
Mixed Use
$432.0K
$378.0K – $504.0K
NOI $30,242 @ 7.0% cap · market cap 8.95%
Theoretical Best
Specialty Retail
$725.5K
$634.9K – $846.5K
NOI $50,788 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Mobil
Shops & Services
2,744 visits/mo
0.1 miles
Capital City Bank
Shops & Services
738 visits/mo
0.2 miles
Demographics for 34436, FL
7,901
Population
4,740
Households
1.7
Avg Household Size
58
Median Age
15%
College-Educated
88%
High-School Grad
55.1 sq mi
ZIP Area
143
Density / Sq Mi
$50,139
Median Household Income
$33,886
Median Earnings
$715
Median Rent
$201,400
Median Home Value
Market
Vacancy Rate% for Retail 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?
Retail space - Two buildings provide separate retail, automotive, office, and service-oriented commercial areas.
Where is this retail space located?
The property is located at 7805 S Florida Avenue Floral City, FL.
What is the asking price?
The asking price for this property is $338,000.
What are key features of this property?
This property features: Two‑building retail property on approximately 0.20 acres; Primary concrete‑block building with two separate commercial areas; Detached building provides additional retail or office space
