Highway-Frontage Office
New
For Sale
$525,000
18150 HIGHWAY 19, Inglis, FL 34449
Existing commercial improvements with highway exposure, auxiliary site infrastructure, and restoration needs.
Property Size1,480 SF
Lot Size2.24 Acres
Price / SF$354.73
Days on Market4
Property Features for 18150 HIGHWAY 19
General Information
Standard status
Active
Size
1,480 SF
Lot size
2.24 Acres
Property subtype
Office
Property Condition
Severity
Repairs Needed
Evidence
does need work
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,719
Amenities
Central Air
US Highway, Asphalt.
Building Details
Year Built
1975
Listing Agency:
WAVE ELITE REALTY LLC
(352) 699-9283
Listed By:
Megan Cortez · License #3357542
(352) 586-7993
Source:
Xome
Added: Aug 31
Changed: Sep 2
Last Checked: Sep 2 at 2:13PM
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 WAVE ELITE REALTY LLC
Investment Insights
Based on property information with market context.
This 1,480-square-foot office property was built in 1975 and occupies 2.24 acres along US Hwy 19 in Inglis. The improvements require work and are offered as-is. The source information identifies central air among the interior features, while also noting that the property currently has no water heater or AC and that new AC is coming soon; HVAC details should therefore be verified. Existing site infrastructure includes two wells, two septic systems, an RV hookup, and a connex box for storage.
The property provides 247 feet of frontage on US Hwy 19 with an asphalt highway surface. It is identified as being in an X flood zone. The planned Suncoast Parkway extension is described as being just minutes away, adding a future transportation consideration to the site's highway-oriented setting.
The property provides 247 feet of frontage on US Hwy 19 with an asphalt highway surface. It is identified as being in an X flood zone. The planned Suncoast Parkway extension is described as being just minutes away, adding a future transportation consideration to the site's highway-oriented setting.
Key Highlights
- 2.24‑acre office property with 1,480 square feet of improvements
- 247 feet of frontage on US Hwy 19
- Two wells and two septic systems
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
$18,462
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
3.52%
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%
$369,240
$369.2K
Cap Rate 7%
$263,743
$263.7K
Cap Rate 9%
$205,133
$205.1K
Market Conditions
NOI Build-Up for 1,480 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
$29.3K $19.80/SF
− Vacancy
−$4.7K −$3.17/SF
EGI
$24.6K $16.63/SF
− OpEx
−$6.2K −$4.16/SF
NOI
$18.5K $12.47/SF
Area
Levy County, FL
Vacancy
16.00%
Lease Rate
$19.80 /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%
$369,240
Cap Rate 7%
$263,743
Cap Rate 9%
$205,133
Alternative Uses
Best Use
Office B
$263.7K
$230.8K – $307.7K
NOI $18,462 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$366.6K
$320.8K – $427.7K
NOI $25,660 @ 7.0% cap · market cap 4.89%
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
11
Businesses Nearby
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 Office 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?
Office building - Existing commercial improvements with highway exposure, auxiliary site infrastructure, and restoration needs.
Where is this office building located?
The property is located at 18150 HIGHWAY 19 Inglis, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2.24‑acre office property with 1,480 square feet of improvements; 247 feet of frontage on US Hwy 19; Two wells and two septic systems
