Open-Plan Office Building with
For Sale
$250,000
2339 N C 470, Lake Panasoffkee, FL 33538
Versatile office building with open layout, 10-foot ceilings, one bathroom, storage closet, and an 8-space parking lot.
Property Size1,350 SF
Lot Size0.43 Acres
Price / SF$185.19
Days on Market354
Property Features for 2339 N C 470
General Information
Standard status
Active
Size
1,350 SF
Total Parking Spaces
8
Lot size
0.43 Acres
Additional Details
Clear Height
10 ft
Taxes and HOA fees
Annual Taxes
$1,942
Building Details
Year Renovated
2024
Listing Agency:
Keller Williams Realty - Elite Partners II
(352) 637-2777
Listed By:
Bruce Brunk · License #3138787
(352) 228-7744
Source:
Exprealty
Added: Nov 6, 2025
Changed: Oct 25
Last Checked: Oct 24 at 8:05PM
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 Keller Williams Realty - Elite Partners II
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Investment Insights
Based on property information with market context.
This versatile commercial office building offers an open interior plan with 10-foot ceilings, designed for flexible configuration. The space includes one bathroom and a dedicated storage closet, and the layout is well-suited for reconfiguration into private offices, a meeting space, or collaborative work areas. The property sits on a 0.43-acre lot and includes an 8-space parking lot.
The building is located in Lake Panasoffkee near popular restaurant Catfish Johnny’s, with convenient access to major roadways and surrounding local businesses and community services. The roof was updated in 2024.
With its functional interior, parking for visitors and staff, and recent roof improvements, the property can support a range of professional office needs in a central Lake Panasoffkee setting.
The building is located in Lake Panasoffkee near popular restaurant Catfish Johnny’s, with convenient access to major roadways and surrounding local businesses and community services. The roof was updated in 2024.
With its functional interior, parking for visitors and staff, and recent roof improvements, the property can support a range of professional office needs in a central Lake Panasoffkee setting.
Key Highlights
- 1,350 SF commercial office building with open interior and 10‑ft ceilings for flexible use
- 0.43‑acre lot with room for operations, expansion, or customization
- Includes 1 bathroom and a dedicated storage closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,723
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,460
$414.5K
Cap Rate 7%
$296,043
$296.0K
Cap Rate 9%
$230,256
$230.3K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$33.7K $24.96/SF
− Vacancy
−$6.1K −$4.49/SF
EGI
$27.6K $20.47/SF
− OpEx
−$6.9K −$5.12/SF
NOI
$20.7K $15.35/SF
Area
Sumter County, FL
Vacancy
18.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$414,460
Cap Rate 7%
$296,043
Cap Rate 9%
$230,256
Alternative Uses
Best Use
Office B
$296.0K
$259.0K – $345.4K
NOI $20,723 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$386.5K
$338.2K – $450.9K
NOI $27,054 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
10 ft
Clear height
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Explore this area
Business Placement
Demographics for 33538, FL
5,096
Population
3,409
Households
1.5
Avg Household Size
50
Median Age
15%
College-Educated
85%
High-School Grad
89.0 sq mi
ZIP Area
57
Density / Sq Mi
$48,951
Median Household Income
$43,178
Median Earnings
$1,005
Median Rent
$157,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Versatile office building with open layout, 10-foot ceilings, one bathroom, storage closet, and an 8-space parking lot.
Where is this office building located?
The property is located at 2339 N C 470 Lake Panasoffkee, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,350 SF commercial office building with open interior and 10‑ft ceilings for flexible use; 0.43‑acre lot with room for operations, expansion, or customization; Includes 1 bathroom and a dedicated storage closet
