Highway-Frontage Office
For Sale
$525,000
18150 SE 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 Market56
Property Features for 18150 SE 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
Building Details
Year Built
1975
Listing Agency:
WAVE ELITE REALTY LLC
(352) 699-9283
Listed By:
Megan Cortez · License #3357542
(352) 586-7993
Source:
Dennisrealty
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 24 at 6:20PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$18,462
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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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
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Market
Vacancy Rate% for Office in South region
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 SE 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
