Freestanding Convenience Store with
For Sale
$999,999
3030 W Gulf To Lake Hwy, Lecanto, FL 34461
Single-story grocery and convenience property with food-service infrastructure, customer seating, paved parking, and an additional gravel lot.
Property Size2,805 SF
Price / SF$356.51
Days on Market26
Property Features for 3030 W Gulf To Lake Hwy
General Information
Standard status
Active
Size
2,805 SF
Additional Details
Highway Access
Yes
Amenities
generous paved parking
additional gravel lot
commercial kitchen
refrigerated display cases
deli equipment
hot food preparation areas
dining area with booth seating
Building Details
Year Built
1981
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
REAL BROKER, LLC
(352) 789-6746
Listed By:
Elisha Lopez · License #3214538
Source:
Chenoregroup
Added: Aug 5
Changed: Aug 29
Last Checked: Aug 25 at 4:16AM
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 REAL BROKER, LLC
Investment Insights
Based on property information with market context.
This 2,805-square-foot, single-story grocery and convenience property was built in 1981 and is currently configured for convenience retail, grocery sales, and food service. Improvements include a commercial kitchen, refrigerated display cases, deli equipment, hot-food preparation areas, and a dining area with booth seating. The layout also includes paved parking and an additional gravel lot that can accommodate overflow parking or equipment storage.
The property is located at 3030 W Gulf to Lake Highway in Lecanto, along a commercial corridor with access to the Suncoast Parkway. Nearby commercial and institutional destinations include Lecanto Surgery Center, RaceTrac, and Citrus County government offices. Existing infrastructure supports continued convenience-store operations as well as a restaurant, café, market, deli, specialty food business, or other retail-oriented use described in the property information.
The property is located at 3030 W Gulf to Lake Highway in Lecanto, along a commercial corridor with access to the Suncoast Parkway. Nearby commercial and institutional destinations include Lecanto Surgery Center, RaceTrac, and Citrus County government offices. Existing infrastructure supports continued convenience-store operations as well as a restaurant, café, market, deli, specialty food business, or other retail-oriented use described in the property information.
Key Highlights
- 2,805‑square‑foot single‑story building built in 1981
- Commercial kitchen with deli equipment and hot‑food preparation areas
- Refrigerated display cases and grocery and food‑service infrastructure
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,119
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$882,380
$882.4K
Cap Rate 7%
$630,271
$630.3K
Cap Rate 9%
$490,211
$490.2K
Market Conditions
NOI Build-Up for 2,805 SF
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.
Gross rent
$61.6K $21.96/SF
− Vacancy
−$2.8K −$0.99/SF
EGI
$58.8K $20.97/SF
− OpEx
−$14.7K −$5.24/SF
NOI
$44.1K $15.73/SF
Area
Citrus County, FL
Vacancy
4.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$882,380
Cap Rate 7%
$630,271
Cap Rate 9%
$490,211
Alternative Uses
Best Use
Specialty Retail
$630.3K
$551.5K – $735.3K
NOI $44,119 @ 7.0% cap · market cap 4.41%
Second Best
Retail
$385.0K
$336.9K – $449.2K
NOI $26,949 @ 7.0% cap · market cap 2.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34461, FL
11,388
Population
5,552
Households
2.1
Avg Household Size
58
Median Age
23%
College-Educated
92%
High-School Grad
45.8 sq mi
ZIP Area
249
Density / Sq Mi
$60,795
Median Household Income
$33,825
Median Earnings
$1,190
Median Rent
$287,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Single-story grocery and convenience property with food-service infrastructure, customer seating, paved parking, and an additional gravel lot.
Where is this grocery and convenience store located?
The property is located at 3030 W Gulf To Lake Hwy Lecanto, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 2,805‑square‑foot single‑story building built in 1981; Commercial kitchen with deli equipment and hot‑food preparation areas; Refrigerated display cases and grocery and food‑service infrastructure
