Strip Mall with Lease
For Sale
Contact for pricing
1213-1221 US-41, Inverness, FL 34450
Commercial retail center with extended leases and C Commercial zoning in Inverness.
Property Size11,360 SF
Price / SF$183.98
Days on Market88
Property Features for 1213-1221 US-41
General Information
Standard status
Active
Size
11,360 SF
Total Parking Spaces
49
Property subtype
Retail
Zoning
C Commercial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$145,960
Additional Details
Cap Rate
6.8%
Building Details
Year Built
1972
Year Renovated
1988
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
SRS Real Estate Partners Tampa
Listed By:
William Wamble · License #SL3257920
(813) 371-1079
Source:
Crexi
Added: Jul 21
Changed: Oct 13
Last Checked: Oct 14 at 10:21PM
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 SRS Real Estate Partners Tampa
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This strip mall contains 11,360 square feet and was constructed in 1972. The property is zoned C Commercial and includes lease extensions supporting continued occupancy arrangements.
Located at 1213-1221 US-41 in Inverness, Florida, the center carries a 6.80% cap rate. The asset is offered as a retail property with an established commercial configuration.
Located at 1213-1221 US-41 in Inverness, Florida, the center carries a 6.80% cap rate. The asset is offered as a retail property with an established commercial configuration.
Key Highlights
- 11,360 SqFt retail strip mall
- 6.80% CAP
- Recent lease extensions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,141
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,182,820
$2.2M
Cap Rate 7%
$1,559,157
$1.6M
Cap Rate 9%
$1,212,678
$1.2M
Market Conditions
NOI Build-Up for 11,360 SF
Gross rent
$170.4K $15.00/SF
− Vacancy
−$14.5K −$1.28/SF
EGI
$155.9K $13.73/SF
− OpEx
−$46.8K −$4.12/SF
NOI
$109.1K $9.61/SF
Area
Citrus County, FL
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,182,820
Cap Rate 7%
$1,559,157
Cap Rate 9%
$1,212,678
Alternative Uses
Best Use
Retail
$1.56M
$1.36M – $1.82M
NOI $109,141 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.55M
$2.23M – $2.98M
NOI $178,680 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Explore this area
Business Placement
Demographics for 34450, FL
10,788
Population
6,642
Households
1.6
Avg Household Size
59
Median Age
25%
College-Educated
92%
High-School Grad
31.2 sq mi
ZIP Area
346
Density / Sq Mi
$48,955
Median Household Income
$39,409
Median Earnings
$973
Median Rent
$210,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Commercial retail center with extended leases and C Commercial zoning in Inverness.
Where is this strip mall located?
The property is located at 1213-1221 US-41 Inverness, FL.
What is the asking price?
The asking price for this property is $2,090,000.
What are key features of this property?
This property features: 11,360 SqFt retail strip mall; 6.80% CAP; Recent lease extensions
