Colloidal size, narrow size-distributed magnetite (Fe3O4) nanospheres of 12 nm diameter were synthesized by colloidal nanocrystal synthesis protocols. X-ray diffraction and transmission electron microscopy studies reveal that the as-synthesized magnetite particles were single grain, spherical shaped and well crysallined in cubic spinet structure. Lattice vibrational studies confirms the existence of metal-oxide nanospheres and organic functional group (oleic acid) present on the particles surface. The nano spheres exhibits slightly enhanced energy band gap compared to counterpart bulk. The sample shows space-charge type polarization under low electric field frequencies (0.1-3 MHz) in the high temperature range (305-790 K), with Curie temperature at 713 K. Hence the dielectric constant (epsilon ') reduces with enhance of electric field frequency. Dielectric loss (epsilon '') also reduces with enhance of frequency and the loss is 0.015 upto 650 K under 3 MHz. Hence it may be suitable for low loss device applications. AC electrical conductivity (oar) enhances with frequency and polaron hopping is slower than the site relaxation. Temperature dependent impedance spectra analysis reveals that grain contribution is predominant than grain boundary contribution with Debye-type relaxation. The nanospheres exhibits typical superparamagnetic behaviour with reduced saturation magnetization (Ms) due to disordered spins on the nanospheres ' surface. Langevin function fit gives 10.5 nm magnetic domain diameter in the nanospheres. (C) 2017 Elsevier B.V. All rights reserved.