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

    2129 N Pine Cone Ave Lecanto, FL 34461

    Sponsored
    For Sale
    $599,000

    MULTI_FAMILY - Other - Lecanto, FL

    Property size:
    2,140 SF
    Lot size:
    0.21 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 21 at 11:06 pm

    Property Features for 2129 N Pine Cone Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security
    Zoning
    MDR
    APN
    2422947
    Parking features
    Driveway
    Interior features
    FrenchDoorsAtriumDoors, SlidingGlassDoors
    Exterior features
    ConcreteDriveway
    Appliances
    Dryer, Dishwasher, ElectricCooktop, ElectricOven, ElectricRange, Disposal, Refrigerator
    Size
    2,140 SF
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2007
    Number of units
    2
    Flooring type
    Carpet, Tile
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Ralph Rand

    EXP Realty, LLC (352) 257-1106 [email protected]

    Listing agent Christine Steele (888) 883-8509 License #3639173

    Listing date Jan 21, 2026

    MLS# 851506 Listing URL

    Copyright © 2026 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 Turnkey Duplex Investment

    This is a rare opportunity for investors to own a turnkey duplex in the rapidly growing Lecanto, Florida area. The property is located just minutes from the expanding Black Diamond shopping and dining corridor. Each unit features 2 bedrooms and 2 bathrooms, a living room, dining area, kitchen, dedicated laundry room, front and rear patios, and an attached garage. Privacy fencing is included. The property is not located in a flood zone and has no HOA. The roof was replaced in 2024. The property is currently renting at $3,000 per month. The reported 2025 income for Unit 1 is approximately $27,000. Potential exists for a gross annual income of up to approximately $54,000 when both units are rented. The property is conveniently located near Shoppes at Black Diamond, Black Diamond Ranch, Suncoast Parkway, and additional area amenities. The lot size is 0.21 acres and the property size is 2140 square feet. Rental demand in this area remains strong, making this property a solid addition to an investment portfolio. The zoning is MDR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Lecanto
    County
    Citrus
    State
    Florida
    Longitude
    -82.473445
    Latitude
    28.894292

    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
      $399,999
      2,853 SF

      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
    • $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
    • $720,000
      2,345 SF

      Lecanto Farm with Ranch Home

      10-acre Lecanto farm with home, barn, and multi-family potential.
      5520 S Pine Tree Pt, 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
    • $875,000
      7,254 SF

      Lecanto Office Building - Prime Location

      Spacious remodeled office, high visibility, 2.73 acres.
      299 Gulf To Lake Hwy, Lecanto, FL 34461
      View Details
    • $3,900,000
      27,501 SF

      Lecanto Highway Multi-Use Property

      37 Acres, Multiple Buildings, Prime Location
      8123 Lecanto Hwy, Lecanto, FL 34461
      View Details
    • $99,000
      1.62 Acres

      Warehouse for Sale in Lecanto, FL

      1.62-acre warehouse; $99,000
      1756 Hwy 589, Lecanto, FL 39479
      View Details

    FAQs

    What type of property is this?
    Duplex - Turnkey duplex in Lecanto, Florida, near Black Diamond corridor.
    Where is this duplex located?
    The property is located at 2129 N Pine Cone Ave Lecanto, FL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Turnkey duplex in a rapidly growing area with strong rental demand.; - New roof (2024) and no flood zone.; - Potential for gross annual income of approximately $54,000 (buyer to verify).
    (888) 883-8509
    Request Owner's contact information
    2129 N Pine Cone Ave Lecanto, FL 34461
    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.
    2129 N Pine Cone Ave
    Lecanto, FL 34461
    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
    2129 N Pine Cone Ave Lecanto, FL 34461
    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
    Ralph Rand
    Real Estate License ID: 3639173
    (888) 883-8509
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.