Insulated Steel Flex/Service
For Sale
$695,000
14 Highway 19 N, Inglis, FL 34449
Insulated steel commercial building with front office and customer restroom, plus service-ready layout on 201 feet of highway frontage.
Property Size4,800 SF
Lot Size1.14 Acres
Price / SF$144.79
Days on Market142
Property Features for 14 Highway 19 N
General Information
Standard status
Active
Size
4,800 SF
Lot size
1.14 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,109
Amenities
front office with waiting area and service counter
public restroom for customers
employee lounge with kitchen and private restroom
two separate ductless mini-split systems for efficient climate control
city water
onsite septic system
Building Details
Construction
insulated steel
Listing Agency:
Cain Real Estate
Listed By:
Shawnette Cain · License #3463837
(352) 535-3288
Source:
Exprealty
Added: Apr 19
Changed: Sep 3
Last Checked: Sep 6 at 12:41PM
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 Cain Real Estate
Investment Insights
Based on property information with market context.
This insulated steel commercial building is configured for immediate business use, featuring a front office with waiting area and a service counter. The interior includes a public restroom for customers, an employee lounge with kitchen, and a private employee restroom, supported by two ductless mini-split systems for climate control.
The property sits on 1.14 acres along US-19 with 201 feet of highway frontage, providing direct access for equipment, fleet, or customer traffic. Utilities include 400-amp electrical service, city water, and an onsite septic system.
The offering is positioned just north of the Hwy 40 intersection and in the path of the Suncoast Parkway expansion, according to the seller’s remarks. The property is described as located outside the FEMA flood zone. An additional adjoining commercial property is also available separately under MLS #852970, and the seller indicates the option to purchase both properties together.
The property sits on 1.14 acres along US-19 with 201 feet of highway frontage, providing direct access for equipment, fleet, or customer traffic. Utilities include 400-amp electrical service, city water, and an onsite septic system.
The offering is positioned just north of the Hwy 40 intersection and in the path of the Suncoast Parkway expansion, according to the seller’s remarks. The property is described as located outside the FEMA flood zone. An additional adjoining commercial property is also available separately under MLS #852970, and the seller indicates the option to purchase both properties together.
Key Highlights
- 4,800 SF insulated steel commercial building on 1.14 acres with 201 ft of highway frontage on US‑19 (north of the Hwy 40 intersection).
- Front office setup with waiting area and service counter, plus a public customer restroom.
- Employee lounge with kitchen and private restroom, with a service‑ready layout for business operations.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,894
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,017,880
$1.0M
Cap Rate 7%
$727,057
$727.1K
Cap Rate 9%
$565,489
$565.5K
Market Conditions
NOI Build-Up for 4,800 SF
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.
Gross rent
$77.8K $16.20/SF
− Vacancy
−$5.1K −$1.05/SF
EGI
$72.7K $15.15/SF
− OpEx
−$21.8K −$4.54/SF
NOI
$50.9K $10.60/SF
Area
Levy County, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,017,880
Cap Rate 7%
$727,057
Cap Rate 9%
$565,489
Alternative Uses
Best Use
Retail
$727.1K
$636.2K – $848.2K
NOI $50,894 @ 7.0% cap · market cap 7.32%
Second Best
Flex RnD
$643.2K
$562.8K – $750.4K
NOI $45,022 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,220 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34449, FL
3,421
Population
1,986
Households
1.7
Avg Household Size
56
Median Age
13%
College-Educated
87%
High-School Grad
130.7 sq mi
ZIP Area
26
Density / Sq Mi
$52,760
Median Household Income
$27,108
Median Earnings
$775
Median Rent
$143,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Insulated steel commercial building with front office and customer restroom, plus service-ready layout on 201 feet of highway frontage.
Where is this flex space located?
The property is located at 14 Highway 19 N Inglis, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 4,800 SF insulated steel commercial building on 1.14 acres with 201 ft of highway frontage on US‑19 (north of the Hwy 40 intersection).; Front office setup with waiting area and service counter, plus a public customer restroom.; Employee lounge with kitchen and private restroom, with a service‑ready layout for business operations.
