7630 Dunnellon RdDunnellon, FL 34433

Property Details for 7630 Dunnellon Rd

Year built

1980

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.40 AC

Property size (Sq ft)

984 SF

Zone code

GNC GEN COMMERCIAL

Property type

Office buildings

APN

17E-17S-11-0020-00010-008.0

APU

17E17S110020000100080

Description

This 984 sq ft. Dunnellon office building presents a compelling investment opportunity. Currently leased for $2,000/month, generating an approximate 6% cap rate, the property boasts a reception area, full bathroom, kitchen, and ample storage. Situated on a 0.4-acre lot with a circular drive providing convenient parking, it's ideally located 7 miles from downtown Dunnellon and under 6 miles from US 19 (Suncoast Blvd). The property is zoned GNC commercial, allowing for potential expansion. Adjacent parcels totaling 0.6 acres are also available for purchase, offering significant growth potential. This investment benefits from Citrus County's robust growth, evidenced by a 15.1% population increase since 2010 and nearby developments like the Black Diamond Shoppes and the planned extension of the Suncoast Parkway 2. This income-generating property offers a strong return on investment and significant upside potential in a rapidly developing area. The current lease provides immediate cash flow, while the zoning and available land offer long-term expansion possibilities. This is a rare opportunity to acquire a well-located, income-producing asset in a high-growth market.

• CAP approach

  CAP return

  Valuation

  6%

  $184,881

  6.5%

  $170,659

  7%

  $158,469

• Comparable approach

  Method

  Valuation

  Relative Method

  $179,708

  Geo Method

  $179,708

• Alternative Use

  Use

  Valuation

  Residential

  $211,618

  Hospitality

  $193,841

  Educational

  $161,273

  Medical

  $166,820

  Retail

  $250,869

Location Insight

City

Dunnellon

County

Citrus

State

Florida

Latitude

29.0111

Longitude

-82.5633

CBSA code

26140

CBSA name

HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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