Retail Property Near Major
For Sale
Contact for pricing
1500 U.S 41, Inverness, FL
Retail property with attractive lease structure and annual rental increases.
Property Size3,454 SF
Lot Size0.63 Acres
Price / SF$438.62
Days on Market622
Property Features for 1500 U.S 41
General Information
Standard status
Active
Size
3,454 SF
Lot size
0.63 Acres
Property subtype
RETAIL
Listing Agency:
STNL Development
(689) 666-9550
Listed By:
Nash Williams · License #SL3477920
Source:
Moodyscre
Added: Nov 28, 2024
Changed: Jul 6
Last Checked: Aug 11 at 1:22PM
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 STNL Development
Investment Insights
Based on property information with market context.
This 3,454 square foot retail property is located in close proximity to Publix and Winn-Dixie. The property benefits from its location in Citrus County, which is experiencing growth. The property is situated in direct line of the US-41 lane expansion, which is expected to increase traffic counts in front of the site. The lease structure includes 2.5% annual rental increases.
Key Highlights
- Attractive lease structure with 2.5% annual rental increases.
- Citrus country growth: Property is in direct line of US‑41 lane expansion.
- Leading grocers: Tenant's locations sits 1 minute from Publix & Winn‑Dixie.
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
$54,327
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
3.59%
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%
$1,086,540
$1.1M
Cap Rate 7%
$776,100
$776.1K
Cap Rate 9%
$603,633
$603.6K
Market Conditions
NOI Build-Up for 3,454 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
$75.8K $21.96/SF
− Vacancy
−$3.4K −$0.99/SF
EGI
$72.4K $20.97/SF
− OpEx
−$18.1K −$5.24/SF
NOI
$54.3K $15.73/SF
Area
Citrus County, FL
Vacancy
4.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,086,540
Cap Rate 7%
$776,100
Cap Rate 9%
$603,633
Alternative Uses
Best Use
Specialty Retail
$776.1K
$679.1K – $905.5K
NOI $54,327 @ 7.0% cap · market cap 3.59%
Second Best
Retail
$474.1K
$414.8K – $553.1K
NOI $33,184 @ 7.0% cap · market cap 2.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Save A Lot — 222 US Hwy 41 S, Inverness, FL 34450
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail property with attractive lease structure and annual rental increases.
Where is this grocery and convenience store located?
The property is located at 1500 U.S 41 Inverness, FL.
What is the asking price?
The asking price for this property is $1,515,000.
What are key features of this property?
This property features: Attractive lease structure with 2.5% annual rental increases.; Citrus country growth: Property is in direct line of US‑41 lane expansion.; Leading grocers: Tenant's locations sits 1 minute from Publix & Winn‑Dixie.
