8929 E GULF TO LAKE HIGHWAY Inverness, FL 34450
Renovated commercial property with highway frontage and lake access.
Property Features for 8929 E GULF TO LAKE HIGHWAY
General Information
- Standard status
- Active
- Size
- 4,010 SF
- Lot size
- 0.78 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1972
Listing office Century 21 J.W.Morton R.E. (352) 400-2635
Listing date Apr 3, 2025
Source Exitrealty
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All listing content including descriptions, pricing, images are the copyrighted material of Century 21 J.W.Morton R.E.
Investment Insights
Based on property information with market context.
Key Highlights
- Direct access to the Tsala Apopka Chain of Lakes, offering unique waterfront commercial opportunities.
- High‑traffic location on State Road 44 with approximately 18,000 vehicles passing daily.
- Fully renovated 4,010 sq ft commercial building with 3‑phase electric power, roll‑up doors, and 12‑foot ceilings.
Local Financial Insights For Industrial
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 | $39.9k | $9.96 |
| − Vacancy | −$2.2k | −$0.55 |
| EGI | $37.7k | $9.41 |
| − OpEx | −$11.3k | −$2.82 |
| NOI | $26.4k | $6.59 |