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    FOR SALE
    Commercial real estate

    8518 SW 189Th Court Rd, Dunnellon, FL 34432

    22,342 SF 214.89 ac lot Built 1984
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US18-4911540
    Property summary
    AI-generated overview

    This exceptional 215-acre mixed-use property in Dunnellon, FL, presents a unique investment opportunity. The centerpiece is a recently renovated clubhouse (25,000 sq ft, 2018) boasting a swimming pool, restrooms, tennis and pickleball courts, a grand ballroom, a restaurant, disc golf course, basketball court, and bocce ball courts. The clubhouse also features ample space for various activities, including meeting rooms, billiards, ping pong, fitness areas, and more, supported by over 180 parking spaces. A separate 3,000 sq ft maintenance building and cart barn are included. The property also features an 18-hole golf course (currently closed but maintained), two deep-water wells (192,500 gallons/day capacity, permits valid until November 7, 2040), and approximately 4,500 feet of highway frontage on US 41. A vacant lot with a billboard on US 41 provides additional promotional potential. The property's prime location is less than a mile from Rainbow Springs State Park (350,000 annual visitors) and two miles from KP Hole County Park (100,000 visitors in 2023), with Rainbow Springs Campground a short drive away. The seller is open to considering the sale of portions of the property separately, offering increased flexibility for potential buyers. The total building square footage is 23,768 sq ft.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1984
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 22,342 SF
    Lot 214.89 ac (9,360,608 SF)
    Zoning code R1
    APN 3296-000-001
    UPID US18-4911540
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.01M
    Blend (final) Blend
    $1.01M
    Owner & transaction history
    Rainbow Srins Club LLC · 7 yrs held
    Rainbow Srins Club LLC
    since 2018
    4 recorded transactions
    2020
    2018
    $965,000
    2015
    1969
    Zoning & alternative use
    R1 · Dunnellon, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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