Webster Mixed-Use Development
For Sale
Contact for pricing
267 N Market Blvd, Webster, FL 33597
Three buildings on 2.32 acres with high visibility and access.
Property Size3,885 SF
Lot Size2.32 Acres
Price / SF$308.88
Days on Market1443
Property Features for 267 N Market Blvd
General Information
Standard status
Active
Size
3,885 SF
Lot size
2.32 Acres
Property subtype
Hospitality, Mixed Use, Office, Retail
Zoning
CL
Building Details
Year Built
1967
Buildings
3
Stories
1
Listing Agency:
Grizzard Commercial Real Estate Group
Listed By:
Dan Tatro · License #FL 3190991
(352) 396-9136
Source:
Crexi
Added: Oct 5, 2022
Changed: Sep 13
Last Checked: Sep 15 at 5:18AM
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 Grizzard Commercial Real Estate Group
Investment Insights
Based on property information with market context.
This offering includes three buildings totaling 3,885 square feet on 2.32 acres in Webster, featuring two corner lots and 382 feet of frontage on Market Boulevard. Zoned CL by the City of Webster, the location benefits from a Florida Department of Transportation average of 7,200 trips per day. The buildings are individually sized at approximately 1,584 square feet, 1,071 square feet, and 1,230 square feet. The property offers superior visibility, easy access, and ample signage and parking. Situated on State Road 471, Webster is experiencing growth due to its proximity to The Villages and their recent acquisition of 18,000 acres, which also fronts State Road 471. Webster is home to the historic Webster Flea Market, one of the largest in the Southeast US, held on Mondays. The sale includes two parcels, Q31-C034 and Q31C036. Tenants are currently on month-to-month leases.
Key Highlights
- High‑visibility location with 382 feet of frontage on Market Blvd and easy access.
- Zoned CL in the City of Webster, offering flexible commercial use possibilities.
- Three buildings totaling 3,885+\/- SF on 2.32+\/- acres, providing diverse usage options.
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
$41,026
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
3.42%
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%
$820,520
$820.5K
Cap Rate 7%
$586,086
$586.1K
Cap Rate 9%
$455,844
$455.8K
Market Conditions
NOI Build-Up for 3,885 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
$74.6K $19.20/SF
− Vacancy
−$9.0K −$2.30/SF
EGI
$65.6K $16.90/SF
− OpEx
−$24.6K −$6.34/SF
NOI
$41.0K $10.56/SF
Area
Sumter County, FL
Vacancy
12.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
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%
$820,520
Cap Rate 7%
$586,086
Cap Rate 9%
$455,844
Alternative Uses
Best Use
Mixed Use
$586.1K
$512.8K – $683.8K
NOI $41,026 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$973.2K – $1.30M
NOI $77,855 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 33597, FL
8,028
Population
4,205
Households
1.9
Avg Household Size
45
Median Age
13%
College-Educated
85%
High-School Grad
154.4 sq mi
ZIP Area
52
Density / Sq Mi
$61,563
Median Household Income
$32,185
Median Earnings
$829
Median Rent
$214,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three buildings on 2.32 acres with high visibility and access.
Where is this mixed-use property located?
The property is located at 267 N Market Blvd Webster, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: High‑visibility location with 382 feet of frontage on Market Blvd and easy access.; Zoned CL in the City of Webster, offering flexible commercial use possibilities.; Three buildings totaling 3,885+\/- SF on 2.32+\/- acres, providing diverse usage options.
