Corner Office
For Sale
$399,000
1283 CR 463B, Lake Panasoffkee, FL 33538
Commercial Sale, LAKE PANASOFFKEE, FL
Property Size2,144 SF
Lot Size0.50 Acres
Price / SF$186.10
Days on Market57
Property Features for 1283 CR 463B
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
7053C COM
Subdivision
BUSHNELL
Lot features
Corner Lot
Directions
CR 470 north to right on CR 473B.
Standard status
Active
APN
J05E012
Size
2,144 SF
Lot size
0.50 Acres
Additional Details
Property Use
Office
Condition
Needs Renovation
Taxes and HOA fees
Tax Year
2025
Tax Description
TRACT C HOLIDAY HAVEN UNIT 3 PHASE 1 PB 4 PG 60
Tax Annual Amount
3421
Legal Description
TRACT C HOLIDAY HAVEN UNIT 3 PHASE 1 PB 4 PG 60
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1988
Floors in Building
1
Building materials
Stucco
Roof type
Metal
Buildings
1
Listing Agency:
JLS INVESTMENT REALTY
(813) 713-5180
Listed By:
Sandra Stepanek · License #387976
(813) 758-0906
Added: Sep 7
Changed: Nov 2
Last Checked: Nov 2 at 10:06PM
MLS# TB8546281
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office property occupies a 0.5-acre corner site at the intersection of CR470 and CR463B. The building includes a waiting room, a primary office, five additional offices, a kitchen, and two bathrooms. The layout previously supported medical office use and was later used as an antique store. Some renovation work is required.
Built in 1988, the property has stucco construction, a metal roof, central heating, and central air conditioning. Electricity is available, with public water and a septic tank serving the site. Office zoning is identified as 7053C COM, and the site includes on-site parking.
Built in 1988, the property has stucco construction, a metal roof, central heating, and central air conditioning. Electricity is available, with public water and a septic tank serving the site. Office zoning is identified as 7053C COM, and the site includes on-site parking.
Key Highlights
- 0.5‑acre corner site at CR470 and CR463B
- Office zoning identified as 7053C COM
- Building includes a waiting room, primary office, and five additional offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,911
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,220
$658.2K
Cap Rate 7%
$470,157
$470.2K
Cap Rate 9%
$365,678
$365.7K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$53.5K $24.96/SF
− Vacancy
−$9.6K −$4.49/SF
EGI
$43.9K $20.47/SF
− OpEx
−$11.0K −$5.12/SF
NOI
$32.9K $15.35/SF
Area
Sumter County, FL
Vacancy
18.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,220
Cap Rate 7%
$470,157
Cap Rate 9%
$365,678
Alternative Uses
Best Use
Office B
$470.2K
$411.4K – $548.5K
NOI $32,911 @ 7.0% cap · market cap 8.25%
Second Best
Healthcare Medical
$345.4K
$302.2K – $403.0K
NOI $24,178 @ 7.0% cap · market cap 6.06%
Theoretical Best
Office A
$613.8K
$537.1K – $716.1K
NOI $42,966 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Explore this area
Business Placement
Demographics for 33538, FL
5,096
Population
3,409
Households
1.5
Avg Household Size
50
Median Age
15%
College-Educated
85%
High-School Grad
89.0 sq mi
ZIP Area
57
Density / Sq Mi
$48,951
Median Household Income
$43,178
Median Earnings
$1,005
Median Rent
$157,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office-zoned property with multiple offices, a reception area, kitchen, bathrooms, and on-site parking.
Where is this office unit located?
The property is located at 1283 CR 463B Lake Panasoffkee, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 0.5‑acre corner site at CR470 and CR463B; Office zoning identified as 7053C COM; Building includes a waiting room, primary office, and five additional offices
