Office Building with On-Site
For Sale
$250,000
2339 N County 470 Road, Lake Panasoffkee, FL 33538
CommercialSale, Lake Panasoffkee, FL
Property Size1,350 SF
Lot Size0.44 Acres
Price / SF$185.19
Days on Market362
Property Features for 2339 N County 470 Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Out of County
Parking
8
Parking features
Parking Lot
Interior features
FirstFloorEntry
Subdivision
Not on List
Lot features
Rectangular
Directions
FL-44 E, Turn right onto N County Rd 470/Sumter County Rd 470 N - Office will be on right
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
Legal 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
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
bathroom
dedicated storage closet
Building Details
Year built
1993
Floors in Building
1
Flooring type
Carpet, Concrete
Building materials
Stucco
Roof type
Asphalt, Shingle
Additional Structures
Shed(s)
Buildings
1
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: Nov 2
Last Checked: Nov 2 at 11:06PM
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.
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Investment Insights
Based on property information with market context.
This 1,350-square-foot office building, constructed in 1993, has an open interior with 10-foot ceilings, one bathroom, and a storage closet. Carpet and concrete flooring are installed, and the building is heated by a heat pump and cooled by central air. The asphalt shingle roof was updated in 2024.
The property includes an 8-space parking lot and is next to Catfish Johnny’s restaurant in Lake Panasoffkee. Public water and a septic system serve the site.
The property includes an 8-space parking lot and is next to Catfish Johnny’s restaurant in Lake Panasoffkee. Public water and a septic system serve the site.
Key Highlights
- 1,350‑square‑foot office building
- Open interior with 10‑foot ceilings
- One 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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Property Analytics
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Open Analytics
Current Use
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - An open interior, storage closet, and central air provide a functional layout for office use.
Where is this office building 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‑square‑foot office building; Open interior with 10‑foot ceilings; One bathroom and a dedicated storage closet
