Two-Home Multifamily
New
For Sale
$275,000
8200 SE 145 St, Dunnellon, FL 34432
AG-zoned residential income property with two well-maintained homes, separate septic connections, and secured fencing.
Property Size1,728 SF
Lot Size1.25 Acres
Days on Market3
Property Features for 8200 SE 145 St
General Information
Standard status
Active
Size
1,728 SF
Lot size
1.25 Acres
Property subtype
Farm and Ranch Properties
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$30,000
Taxes and HOA fees
Annual Taxes
$2,977
Amenities
fully fenced
two RV hookups
Building Details
Building Size
1,728 SF
Year Built
1994
Buildings
2
Listing Agency:
KELLER WILLIAMS CORNERSTONE RE
(352) 283-0406
Listed By:
Carlos Tobon LLC · License #3281136
(352) 283-0406
Source:
Elliman
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 13 at 10:58AM
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 KELLER WILLIAMS CORNERSTONE RE
Investment Insights
Based on property information with market context.
This multifamily property includes two well-maintained homes on a 1.25-acre AG-zoned parcel. The residences provide a 2/1 layout and a 3/2 layout, creating a varied configuration within the same property. Both homes were built in 1994 and are connected to separate septic systems.
The site also includes two RV hookups, with each hookup tied to the septic system serving its associated mobile home. The property is fully fenced, with double fencing along two sides. Tenants have occupied the homes for more than 4 years. Shopping and hospital services are located near SW 200 and 484.
The site also includes two RV hookups, with each hookup tied to the septic system serving its associated mobile home. The property is fully fenced, with double fencing along two sides. Tenants have occupied the homes for more than 4 years. Shopping and hospital services are located near SW 200 and 484.
Key Highlights
- Two homes with 2/1 and 3/2 layouts
- 1.25‑acre AG‑zoned property
- Two RV hookups, each connected to a septic tank serving its mobile home
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
$14,473
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
5.26%
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%
$289,460
$289.5K
Cap Rate 7%
$206,757
$206.8K
Cap Rate 9%
$160,811
$160.8K
Market Conditions
NOI Build-Up for 1,728 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
$28.0K $16.20/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$26.3K $15.23/SF
− OpEx
−$11.8K −$6.85/SF
NOI
$14.5K $8.38/SF
Area
Citrus County, FL
Vacancy
6.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$289,460
Cap Rate 7%
$206,757
Cap Rate 9%
$160,811
Alternative Uses
Best Use
Apartment 5plus
$206.8K
$180.9K – $241.2K
NOI $14,473 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$388.3K
$339.7K – $453.0K
NOI $27,179 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 34432, FL
13,159
Population
6,899
Households
1.9
Avg Household Size
58
Median Age
20%
College-Educated
90%
High-School Grad
105.1 sq mi
ZIP Area
125
Density / Sq Mi
$47,711
Median Household Income
$30,240
Median Earnings
$1,077
Median Rent
$223,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - AG-zoned residential income property with two well-maintained homes, separate septic connections, and secured fencing.
Where is this multifamily property located?
The property is located at 8200 SE 145 St Dunnellon, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two homes with 2/1 and 3/2 layouts; 1.25‑acre AG‑zoned property; Two RV hookups, each connected to a septic tank serving its mobile home
