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    Crossroads Lodge Event Venue Title is generated by Realmo AI

    11350 STATE ROAD 121, Inglis, FL 34449

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    Claim this Listing
    For Sale
    $2,498,000

    Turnkey event venue with bar, restaurant, and camping.

    Type:Commercial
    Property size:
    3,200 SF
    Lot size:
    23.00 Acres
    Price / SF:
    $780/SF
    Added:
    Apr 15, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 10 at 9:02 am

    Property Features for 11350 STATE ROAD 121

    General Information

    Standard status
    Active
    Size
    3,200 SF
    Lot size
    23.00 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2019

    We can help!

    Listing Contact
    William Tordjman
    William Tordjman

    Listing agent William Tordjman License #3196416

    Listing office Flat Fee Florida Realty LLC

    Listing date Apr 15, 2026

    Source Elliman

    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 Flat Fee Florida Realty LLC

    HighLights

    • Turnkey Business & Event Venue: Established, profitable business with a fully operational bar/restaurant and expansive event grounds.
    • Prime Location & Accessibility: Situated at a major crossroads (US 19, SR 121, CR 336) with high visibility and traffic.
    • Large Acreage: 23 acres of versatile land suitable for various events, camping, and future expansion.
    • Multiple Revenue Streams: Income from food, beverage, events, camping, and live entertainment.
    • Proximity to Attractions: Near Goethe State Forest and Yankeetown's coastal scenery, appealing to motorcycle, cycling, and ecotourism enthusiasts.
    • Unique Architectural Charm: Blend of rustic history and modern amenities creating a photogenic and inviting atmosphere.

    Overview

    The Crossroads Lodge, situated on 23 acres in Inglis, Florida, is a landmark property operating as a lifestyle business and event venue. The property, originally a historic watering station for lumber trains, has been transformed into a destination for motorcycle enthusiasts, campers, and outdoor adventurers. Located at the intersection of Highway US 19, State Road 121, and County Road 336, the property benefits from high visibility and traffic. The lodge is near the Goethe State Forest and Yankeetown. The property includes a 3,200-square-foot bar and restaurant designed to serve a high volume of guests, offering finger foods and ample indoor and outdoor seating. The grounds feature open fields suitable for large-scale outdoor events, including motorcycle and car swap meets, flea markets, food truck rallies, and camping and grilling. A professional-grade music stage is available for live musical events and concerts. The facilities blend rustic history and modern amenities. The property is suited for food, beverage, events, and camping businesses.
    Location Intelligence

    Current Use by Public Records

    Campgrounds

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Inglis
    County
    Levy
    State
    Florida
    Longitude
    -82.7182
    Latitude
    29.2051

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    FAQs

    What type of property is this?
    Campground - Turnkey event venue with bar, restaurant, and camping.
    Where is this campground located?
    The property is located at 11350 STATE ROAD 121 Inglis, FL.
    What is the asking price?
    The asking price for this property is $2,498,000.
    What are key features of this property?
    This property features: Turnkey Business & Event Venue: Established, profitable business with a fully operational bar/restaurant and expansive event grounds.; Prime Location & Accessibility: Situated at a major crossroads (US 19, SR 121, CR 336) with high visibility and traffic.; Large Acreage: 23 acres of versatile land suitable for various events, camping, and future expansion.
    (305) 305-7872
    We can help!
    Listing Contact
    William Tordjman
    William Tordjman
    Real Estate License ID: 3196416
    Learn More
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    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.

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