Open-Plan Office Building with
2339 N C 470 Lake Panasoffkee, FL 33538
2339 N C 470, Lake Panasoffkee, FL, 33538
$250,000
For Sale
$250,000
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 Market259
Property Features for 2339 N C 470
General Information
- Standard status
- Active
- Size
- 1,350 SF
- Lot size
- 0.43 Acres
Listing agency
Keller Williams Realty - Elite Partners II
(352) 228-7744
Listed by
Bruce Brunk · License #3138787
(352) 228-7744
Source
Exprealty
Added: Nov 6, 2025 Updated: Jul 22 at 1:24PM Checked: Jul 22 at 1:24PM
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
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $24.96 |
| − Vacancy | −$6.1k | −$4.49 |
| EGI | $27.6k | $20.47 |
| − OpEx | −$6.9k | −$5.12 |
| NOI | $20.7k | $15.35 |
1,350 SF · lease $24.96/SF/yr · vacancy 18.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
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
