Flexible Office Building with
2339 N County 470 Road Lake Panasoffkee, FL 33538
For Sale
$250,000
SINGLE_FAMILY - Lake Panasoffkee, FL
Property Size1,350 SF
Lot Size0.44 Acres
Price / SF$185.19
Days on Market266
Property Features for 2339 N County 470 Road
General Information
Property type
Residential
Property subtype
Office
Zoning
Out of County
Parking
8
Parking features
Parking Lot
Interior features
FirstFloorEntry
Standard status
Active
APN
32-19-22-F32-023
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
COMMENCE AT SW COR OF NE1/4 OF SW1/4 RUN E TO W LINE OF SR 470 NW/LY LONG SAID RW 450 FT FOR POB W 220 FT NW/LY 100 FT E220 FT SE/LY 100 FT TO POB
Tax Annual Amount
1943
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1993
Floors in Building
1
Flooring type
Concrete, Carpet
Building materials
Stucco
Roof type
Asphalt, Shingle
Additional Structures
Shed(s)
Listing Agency:
Keller Williams Realty - Elite Partners II
(352) 637-2777
Listed By:
Bruce Brunk · License #3138787
(352) 228-7744
Added: Nov 6, 2025
Changed: Jul 28
Last Checked: Jul 30 at 1:06AM
MLS# 849530
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office building offers a flexible, open interior with 10-foot ceilings, along with one bathroom and a dedicated storage closet. The property includes an 8-space parking lot for convenient client and staff access.
The building is situated on a sizable 0.44-acre lot in Lake Panasoffkee, with nearby retail and restaurant activity identified in the remarks, including Catfish Johnny’s. Easy access to major roadways is noted.
Additional property details provided include a roof update in 2024. The lot size also allows room for operational outdoor use or future possibilities, subject to applicable approvals.
The building is situated on a sizable 0.44-acre lot in Lake Panasoffkee, with nearby retail and restaurant activity identified in the remarks, including Catfish Johnny’s. Easy access to major roadways is noted.
Additional property details provided include a roof update in 2024. The lot size also allows room for operational outdoor use or future possibilities, subject to applicable approvals.
Key Highlights
- 1,350 SF commercial office building with open interior and 10‑ft ceilings
- Built in 1993 with stucco exterior and asphalt shingle roof; roof updated in 2024
- Central air and heat pump HVAC; flooring includes concrete and carpet
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office building on a 0.44-acre lot with open interior, one bathroom, and an 8-space parking lot.
Where is this office units located?
The property is located at 2339 N County 470 Road 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; Built in 1993 with stucco exterior and asphalt shingle roof; roof updated in 2024; Central air and heat pump HVAC; flooring includes concrete and carpet
