Office Building with
For Sale
$699,000
8621 SW 200TH CIR, Dunnellon, FL 34431
Office building with seven offices, conference area, reception space, and a mezzanine designed for two additional desks.
Property Size4,244 SF
Price / SF$164.70
Days on Market56
Property Features for 8621 SW 200TH CIR
General Information
Standard status
Active
Size
4,244 SF
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
7
Amenities
3.68 acres, Corner Lot, Landscaped, Oversized Lot, Rolling Slope, Paved, Oak Trees, Trees/Landscaped
Metal
Holding Tank
Additional parcels description:, Parcel Number: 3292-099-031, Public Survey Range: 18, Public Survey Section: 14, Annual Amount: $4,472.79, Tax Block: 99, Tax Book Number: R/041, Legal Description: SEC 14 TWP 16 RGE 18 PLAT BOOK R PAGE 041 RAINBOW SPRINGS 1ST REPLAT BLK 99 LOTS 30.31.32, Lot: 30, Year: 2025, Zoning: A1
Central Air
Central, Electric, Heat Pump
Listing ID: MFROM728047, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-07-07, Special Conditions: None
Built in 1995, Living area: 2704, Living area units: Square Feet, Building faces South, Construction Materials: HardiPlank Type, Frame
Subdivision: RAINBOW SPGS, MLS Area (Major): 34431 - Dunnellon, County/Parish: Marion
Other structures: Storage
Electricity Available, Water Source: Well
Crawlspace, Pillar/Post/Pier
Close Of Escrow
Frontage Type: Interstate, Road Surface: Asphalt
Building Details
Year Built
1995
Listing Agency:
DUNNELLON REAL ESTATE LLC
(352) 875-7787
Listed By:
Christopher Hodges · License #3260213
Source:
Miharaandassociates
Added: Jul 7
Changed: Aug 28
Last Checked: Aug 30 at 6:16PM
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 DUNNELLON REAL ESTATE LLC
Investment Insights
Based on property information with market context.
Situated centrally within the Rainbow Springs Community, this office building offers approximately 2,704 square feet of usable space. The interior layout includes seven individual offices, a conference room, a waiting area, reception space, and an office equipment and supply section. A mezzanine level is also included, designed to accommodate two extra desks.
The property provides ample parking and benefits from visibility from US Highway 41, just north of Dunnellon’s city limits. The building is offered for sale.
The property provides ample parking and benefits from visibility from US Highway 41, just north of Dunnellon’s city limits. The building is offered for sale.
Key Highlights
- 2,704 SF office building with a layout including seven individual offices and a conference room
- Reception and waiting area plus an office equipment and supply section
- Mezzanine level designed to fit two additional desks
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
$44,689
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
6.39%
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%
$893,780
$893.8K
Cap Rate 7%
$638,414
$638.4K
Cap Rate 9%
$496,544
$496.5K
Market Conditions
NOI Build-Up for 4,244 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
$76.4K $18.00/SF
− Vacancy
−$16.8K −$3.96/SF
EGI
$59.6K $14.04/SF
− OpEx
−$14.9K −$3.51/SF
NOI
$44.7K $10.53/SF
Area
Citrus County, FL
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$893,780
Cap Rate 7%
$638,414
Cap Rate 9%
$496,544
Alternative Uses
Best Use
Office B
$638.4K
$558.6K – $744.8K
NOI $44,689 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$953.6K
$834.4K – $1.11M
NOI $66,753 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Office units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 34431, FL
8,589
Population
4,744
Households
1.8
Avg Household Size
56
Median Age
14%
College-Educated
85%
High-School Grad
104.2 sq mi
ZIP Area
82
Density / Sq Mi
$51,542
Median Household Income
$38,477
Median Earnings
$858
Median Rent
$185,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building with seven offices, conference area, reception space, and a mezzanine designed for two additional desks.
Where is this office building located?
The property is located at 8621 SW 200TH CIR Dunnellon, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,704 SF office building with a layout including seven individual offices and a conference room; Reception and waiting area plus an office equipment and supply section; Mezzanine level designed to fit two additional desks
