Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1427 W Gulf To Lake Hwy Lecanto, FL 34442

    Sponsored
    Picture of Commercial land at W Gulf To Lake Hwy 1427, Lecanto, FL
    For Sale
    $943,500

    LAND - Lecanto, FL

    Lot size:
    6.29 Acres
    Days on Market:
    314
    Last Refresh:
    Feb 8 at 6:06 am

    Property Features for 1427 W Gulf To Lake Hwy

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    GNC,MDRMH
    APN
    3462992
    Lot size
    6.29 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Diana G Marcum
    Diana G Marcum

    diana g. marcum pa (352) 341-0900

    Listing agent Diana G Marcum (352) 341-0900 License #128665

    Listing date Apr 1, 2025

    MLS# 831259

    Copyright © 2025 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Lecanto, FL 6.29 Acre Land

    This 6.29-acre corner commercial land is located in Lecanto, FL. The site has over 475 feet of frontage on a busy East-West highway. The property is zoned GNC,MDRMH and offers potential for retail space, offices, or mixed-use development. This site presents an opportunity for businesses to thrive in an area of unprecedented growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Gym & Fitness Center Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lecanto
    County
    Citrus
    State
    Florida
    Longitude
    -82.458428
    Latitude
    28.853174

    Nearby Similar for Sale

    • $3,900,000
      37.33 Acres

      Lecanto Multi-Building Acreage Opportunity

      37.33 acres with restaurant, venue, residence, and agricultural potential.
      8123 S Lecanto Hwy, Lecanto, FL 34461
      View Details
    • $1,100,000
      4,812 SF

      Lecanto Mixed-Use Commercial/Residential Property

      Two-acre Lecanto property with commercial buildings, horse stalls, and residence.
      3729 S Lecanto Hwy, Lecanto, FL 34461
      View Details
    • $1,100,000
      4,812 SF

      Versatile Mixed-Use Property on Highway

      2-acre property with commercial buildings, horse stalls, and residential home.
      3729 S Lecanto Hwy, Lecanto, FL 34461
      View Details
    • New
      $599,000
      2,140 SF

      Turnkey Duplex in Lecanto, Florida

      Income-generating duplex near Black Diamond shopping and dining corridor.
      2129 N Pine Cone Ave, Lecanto, FL 34461
      View Details
    • $399,999
      Pending

      LECANTO Duplex Investment Opportunity

      Cash-flowing duplex in Lecanto with solid rental history.
      2150 W Silver Hill Ln, Lecanto, FL 34461
      View Details
    • $849,500
      3.08 Acres

      Lecanto Corner Lot Opportunity

      3+ acre corner lot in high-growth corridor near government.
      2716 S Lecanto Hwy, Lecanto, FL 34461
      View Details
    • New
      $599,000
      2,140 SF

      Lecanto Duplex: Investor Opportunity

      Turnkey duplex in Lecanto, Florida, near Black Diamond shopping.
      2129 N Pine Cone Ave, Lecanto, FL 34461
      View Details
    • New
      $720,000
      2,800 SF

      Lecanto Farm with Ranch Home

      9.87 acre Lecanto farm with home, barn, and outbuildings.
      5520 S Pine Tree Pt, Lecanto, FL 34461
      View Details
    • $529,000
      3,556 SF

      Lecanto Multifamily Investment Opportunity

      Two duplex units built in 2018 with 100% occupancy.
      2142 S Gleneagle Ter, Lecanto, FL 34461
      View Details
    • $1,100,000

      Versatile Commercial Property with Residential Component

      2-acre property zoned for commercial and residential use with multiple buildings.
      3729 S Lecanto Hwy, Lecanto, FL 34461
      View Details
    • $3,336,000
      2,555 SF

      New Starbucks in Lecanto, FL

      New construction Starbucks with a corporate-backed long-term lease.
      3077 W Novell Bryant Hwy, Lecanto, FL
      View Details
    • $3,778,000
      7,926 SF

      New Texas Roadhouse For Sale

      New 15-year lease with options and rent increases.
      2130 N Lecanto Hwy, Lecanto, FL 34461
      View Details

    FAQs

    What type of property is this?
    Commercial land - 6.29 acre corner business site on a bustling highway.
    Where is this commercial land located?
    The property is located at 1427 W Gulf To Lake Hwy Lecanto, FL.
    What is the asking price?
    The asking price for this property is $943,500.
    What are key features of this property?
    This property features: - 6.29 acre corner business site.; - Over 475 feet of frontage on a bustling East-West highway.; - Located in a high-growth area.
    (352) 341-0900
    Request Owner's contact information
    1427 W Gulf To Lake Hwy Lecanto, FL 34442
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1427 W Gulf To Lake Hwy
    Lecanto, FL 34442
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1427 W Gulf To Lake Hwy Lecanto, FL 34442
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Diana G Marcum
    Diana G Marcum
    Real Estate License ID: 128665
    (352) 341-0900
    Learn more
    Google sign-in failed. Please try again or use another login method.