Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    377 Highway 40 W Inglis, FL 34449

    Sponsored
    For Lease
    $3,000 /Mo ($4 SF/Yr)

    COMMERCIAL - Inglis, FL

    Property size:
    7,614 SF
    Lot size:
    1.25 Acres
    Days on Market:
    18
    Last Refresh:
    Feb 26 at 7:06 am

    Property Features for 377 Highway 40 W

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    IND
    Parking features
    Parking Lot, Driveway
    Interior features
    HighCeilings, SlidingGlassDoors
    Exterior features
    BlacktopDriveway
    Appliances
    Dishwasher, Refrigerator
    Size
    7,614 SF
    Lot size
    1.25 Acres

    Taxes and HOA fees

    Expense value
    5000
    Expense
    SecurityDeposit
    Expense freq.
    One Time

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Heat Pump (Heating)
    Cooling system
    Window Unit(s), Ductless, Central Air
    Water source
    Public

    Building Details

    Year built
    1981
    Flooring type
    Vinyl, Tile, Carpet, Concrete
    Building materials
    Brick, Stucco
    Roof type
    Asphalt, Shingle

    We can help!

    Listing Contact
    Richard Fernley

    Century21 J.W. Morton Real Estate, Inc (352) 726-6668

    Listing agent Richard Fernley (352) 726-6668 License #3602811

    Listing date Feb 9, 2026

    MLS# 850928

    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

    Inglis Flex/Commercial Property For Lease

    Located in the heart of Florida's Gulf Coast within the Gainesville MSA, this flex/commercial property is available for lease at $3,000 per month. The property features a 7,614 SF building situated on a 1.25-acre site with visibility and access along CR 40. Constructed in 1981, the building was originally developed as the headquarters of A&N Corporation. Designed for industrial use, the facility features an oversized concrete slab and 480-volt, three-phase electrical service. The building has accommodated a variety of professional and operational users over time and is fully wired for computer networking and telecommunications. The current layout includes 25 rooms suitable for offices, conference space, storage, or light manufacturing, along with five bathrooms (three with showers), a kitchen, and a loading dock with overhead door. The space is well suited for fabrication or machine shop operations, warehouse or distribution use, cold storage, creative or maker space, or co-warehousing with rentable suites. The location is positioned to benefit from the Suncoast Parkway Red Level terminus, projected for completion between Q4 2026 and Q4 2027, which will place Inglis within approximately 80 minutes of Tampa International Airport. The University of Florida's Bureau of Economic and Business Research (BEBR) projects Levy County population growth of approximately 20% by 2040.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Inglis
    County
    Levy
    State
    Florida
    Longitude
    -82.679251
    Latitude
    29.035822

    FAQs

    What type of property is this?
    Flex space - 7,614 SF flex/commercial property in Inglis, FL available for lease.
    Where is this flex space located?
    The property is located at 377 Highway 40 W Inglis, FL.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Rare leasing opportunity due to limited industrial zoning, strategically located for connectivity to Tampa and Ocala.; - Well-suited for fabrication, machine shop, warehouse, distribution, cold storage, creative space, or co-warehousing.; - Features an **oversized concrete slab** and **480-volt, three-phase electrical service** for power-intensive operations.
    (352) 464-2664
    Request Owner's contact information
    377 Highway 40 W Inglis, FL 34449
    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.
    377 Highway 40 W
    Inglis, FL 34449
    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
    377 Highway 40 W Inglis, FL 34449
    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
    Richard Fernley
    Real Estate License ID: 3602811
    (352) 464-2664 (352) 726-6668
    Learn more
    Google sign-in failed. Please try again or use another login method.