Insulated Steel Flex
For Sale
$695,000
14 Highway 19 N, Inglis, FL 34449
COMMERCIAL - Inglis, FL
Property Size4,800 SF
Lot Size1.14 Acres
Price / SF$144.79
Days on Market135
Property Features for 14 Highway 19 N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Parking features
Boat, Driveway, Parking Lot, RV
Interior features
FirstFloorEntry
Exterior features
ConcreteDriveway, GravelDriveway
Subdivision
Not on List
Lot features
Flat
Directions
US Highway 19 N Inglis property on the left
Standard status
Active
APN
0306900000
Lot size
1.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
03-17-16 0001.14 ACRES TRACT IN SE1/4 OF NE1/4 ON HWY OR BOOK 1360 PAGE 558
Tax Annual Amount
5110
Legal Description
03-17-16 0001.14 ACRES TRACT IN SE1/4 OF NE1/4 ON HWY OR BOOK 1360 PAGE 558
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric, Attic Fan
Water source
Public
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
400-amp electrical service
city water
onsite septic system
Building Details
Year built
2021
Floors in Building
1
Flooring type
Tile, Concrete
Building materials
Steel, SteelSiding
Roof type
Metal
Listing Agency:
Cain Real Estate
(352) 535-3288
Listed By:
Shawnette Cain · License #3463837
(352) 535-3288
Added: Apr 15
Changed: Aug 19
Last Checked: Aug 27 at 2:06PM
MLS# 854035
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,800-square-foot flex building was constructed in 2021 with insulated steel siding, a metal roof, tile and concrete flooring, and first-floor access. The interior includes a front office, waiting area, service counter, customer restroom, employee lounge with kitchen, and private employee restroom. Two ductless mini-split systems support climate control, while the property has 400-amp electrical service, public water, and an onsite septic system.
The 1.14-acre site fronts US-19 for 201 feet near the Hwy 40 intersection in Inglis, Florida. Concrete and gravel driveways, a parking lot, and boat and RV parking support a range of commercial operations. The property is outside the FEMA flood zone and is positioned along the route of the Suncoast Parkway expansion.
The 1.14-acre site fronts US-19 for 201 feet near the Hwy 40 intersection in Inglis, Florida. Concrete and gravel driveways, a parking lot, and boat and RV parking support a range of commercial operations. The property is outside the FEMA flood zone and is positioned along the route of the Suncoast Parkway expansion.
Key Highlights
- 4,800 square feet on 1.14 acres
- 201 feet of frontage along US‑19 near Hwy 40
- 2021‑built insulated steel building with a metal roof
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
Yes
Utilities to site
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Built in 2021, the property combines office amenities, climate control, and 400-amp electrical service.
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 square feet on 1.14 acres; 201 feet of frontage along US‑19 near Hwy 40; 2021‑built insulated steel building with a metal roof
