Restaurant Condo with
New
For Sale
$149,000
14389 E Highway 40, Silver Springs, FL 34488
The sale combines ownership of a retail-center unit with an equipped carryout pizza operation and established business name.
Property Size968 SF
Price / SF$153.93
Days on Market2
Property Features for 14389 E Highway 40
General Information
Standard status
Active
Size
968 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Equipment Included
Yes
Currently Operating
Yes
Building Details
Year Built
1978
Listing Agency:
LPT REALTY, LLC
Listed By:
Raquel Uribe · License #260506216
(352) 209-2344
Source:
Tampabayhousehunting
Added: Oct 28
Last Checked: Oct 28 at 4:33AM
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 LPT REALTY, LLC
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Investment Insights
Based on property information with market context.
The offering pairs a restaurant condominium within a retail strip center with an operating delivery and carry-out pizza business. Restaurant equipment is included, along with permission to use the established business name. The property was built in 1978.
Located at 14389 E Highway 40 in Silver Springs, the unit is 10 miles east of Silver Springs State Park.
Located at 14389 E Highway 40 in Silver Springs, the unit is 10 miles east of Silver Springs State Park.
Key Highlights
- Restaurant condominium in a retail strip center
- Delivery and carry‑out pizza business included
- Restaurant equipment included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,728
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,560
$234.6K
Cap Rate 7%
$167,543
$167.5K
Cap Rate 9%
$130,311
$130.3K
Market Conditions
NOI Build-Up for 968 SF
Gross rent
$16.5K $17.04/SF
− Vacancy
−$858 −$0.89/SF
EGI
$15.6K $16.15/SF
− OpEx
−$3.9K −$4.04/SF
NOI
$11.7K $12.12/SF
Area
Marion County, FL
Vacancy
5.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$234,560
Cap Rate 7%
$167,543
Cap Rate 9%
$130,311
Alternative Uses
Best Use
Specialty Retail
$167.5K
$146.6K – $195.5K
NOI $11,728 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$528.6K
$462.5K – $616.7K
NOI $37,002 @ 7.0% cap · market cap 24.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34488, FL
11,392
Population
6,816
Households
1.7
Avg Household Size
52
Median Age
19%
College-Educated
87%
High-School Grad
85.6 sq mi
ZIP Area
133
Density / Sq Mi
$45,239
Median Household Income
$29,074
Median Earnings
$1,098
Median Rent
$75,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The sale combines ownership of a retail-center unit with an equipped carryout pizza operation and established business name.
Where is this conventional restaurant located?
The property is located at 14389 E Highway 40 Silver Springs, FL.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Restaurant condominium in a retail strip center; Delivery and carry‑out pizza business included; Restaurant equipment included in the sale
