1120-1124 Sterling Road, Inverness, FL 34450
For sale two-unit strip center designed for straightforward retail tenancy and potential repositioning by a new owner.
- Added:
- Jul 2, 2026
- Days on Market:
- 8
- Last Refresh:
- Jul 4 at 2:23 am
Property Features for 1120-1124 Sterling Road
General Information
- Standard status
- Active
- Size
- 3,220 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1986
Listing office CrownPoint Partners
Listing date Jul 2, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of CrownPoint Partners
HighLights
- Two‑tenant strip center with retail tenancy structure
- Year built: 1986
Overview
The center is located at 1120-1124 Sterling Road in Inverness, Florida, within the Tampa MSA. The listing’s format supports a clear, two-tenant operation under one ownership structure.
From a tenant perspective, the property’s two-unit design can fit a range of service-oriented or neighborhood retail concepts that benefit from a shared retail building arrangement. For buyers and investors, the straightforward structure provides a manageable platform for underwriting and potential rent planning across two spaces, rather than requiring absorption of multiple units typical of larger shopping centers.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.3k | $15.00 |
| − Vacancy | −$4.1k | −$1.28 |
| EGI | $44.2k | $13.73 |
| − OpEx | −$13.3k | −$4.12 |
| NOI | $30.9k | $9.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Inverness
- County
- Citrus
- State
- Florida
- Longitude
- -82.3439773
- Latitude
- 28.8380533
