Convenience Store with Commercial
For Sale
$999,999
3030 W GULF TO LAKE Highway, Lecanto, FL 34461
Commercial Sale, LECANTO, FL
Property Size2,805 SF
Lot Size1.32 Acres
Price / SF$356.51
Days on Market181
Property Features for 3030 W GULF TO LAKE Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GNC
Directions
T/E ON W GULF LAKE HWY FROM S LACANTO HWY. PROPERTY IS ON THE SOUTH CORNER OF W GULF LAKE HWY AND LINE ST
Subdivision
34461 - Lecanto
Standard status
Active
APN
18E-19S-04-0000-22110-0090
Size
2,805 SF
Lot size
1.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM AT SE COR OF NE1/4 OF SE1/4 OF SE1/4 OF SE1/4 OF 4-19-18 TH N AL E LN OF SEC 4 776.25 FT TO POB SD P T BEING NE COR OF LANDS DESC IN OR BK 1039 PG 2176 T H N AL E LN OF SEC 4 130.52 FT TO PT ON S LN OF LAN DS DESC IN OR BK 1041 PG 468 TH S 87 DEG 49M 28S W A L S LN OF SD LANDS DESC IN OR BK 1041 PG 468 177.2 7 FT TO PT ON N'LY PROJ OF W LN OF LANDS DESC IN OR B K 10 39 PG 2176 TH S 0 DEG 0M 16S W AL N'LY PROJ 1 22 .6 FT TO NW COR OF LANDS DESC IN OR BK 1039 PG 21 7 6 TH S 89 DEG 36M 52S E AL N LN OF LANDS DESC IN O R BK 10 39 PG 2176 177.16 FT TO POB DESC IN OR BK 6 18 P G 1 212 OR BK 885 PG 1466 FJ IN OR BK 1150 PG 1 27 5 & OR BK 1 153 PG 857
Tax Annual Amount
4010
Legal Description
COM AT SE COR OF NE1/4 OF SE1/4 OF SE1/4 OF SE1/4 OF 4-19-18 TH N AL E LN OF SEC 4 776.25 FT TO POB SD P T BEING NE COR OF LANDS DESC IN OR BK 1039 PG 2176 T H N AL E LN OF SEC 4 130.52 FT TO PT ON S LN OF LAN DS DESC IN OR BK 1041 PG 468 TH S 87 DEG 49M 28S W A L S LN OF SD LANDS DESC IN OR BK 1041 PG 468 177.2 7 FT TO PT ON N'LY PROJ OF W LN OF LANDS DESC IN OR B K 10 39 PG 2176 TH S 0 DEG 0M 16S W AL N'LY PROJ 1 22 .6 FT TO NW COR OF LANDS DESC IN OR BK 1039 PG 21 7 6 TH S 89 DEG 36M 52S E AL N LN OF LANDS DESC IN O R BK 10 39 PG 2176 177.16 FT TO POB DESC IN OR BK 6 18 P G 1 212 OR BK 885 PG 1466 FJ IN OR BK 1150 PG 1 27 5 & OR BK 1 153 PG 857
Utilities
Cooling system
Central Air
Building Details
Year built
1981
Floors in Building
1
Building materials
Concrete
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
Elisha Lopez · License #3214538
(352) 427-0749
Added: Feb 25
Changed: Aug 24
Last Checked: Aug 25 at 9:06AM
MLS# OM719729
Copyright © 2026 Stellar MLS. 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 2,805-square-foot convenience store property includes an equipped commercial kitchen, refrigerated display cases, deli equipment, hot-food preparation areas, and a dining area with booth seating. The single-story concrete building was built in 1981 and includes central air, slab construction, and a functional layout supporting grocery, food-service, and retail operations. The property is currently operating as a convenience store with grocery and food-service operations.
The site encompasses 1.32 acres, or approximately 57,852 square feet, across two parcels along W Gulf to Lake Highway in Lecanto. Paved parking is supplemented by a gravel area that can support additional parking or business operations. The property offers access to the Suncoast Parkway and is near Lecanto Surgery Center, RaceTrac, and Citrus County government offices. GNC zoning and a Flood Zone X designation apply to the property; potential future uses remain subject to applicable county regulations and approvals.
The site encompasses 1.32 acres, or approximately 57,852 square feet, across two parcels along W Gulf to Lake Highway in Lecanto. Paved parking is supplemented by a gravel area that can support additional parking or business operations. The property offers access to the Suncoast Parkway and is near Lecanto Surgery Center, RaceTrac, and Citrus County government offices. GNC zoning and a Flood Zone X designation apply to the property; potential future uses remain subject to applicable county regulations and approvals.
Key Highlights
- 2,805‑square‑foot commercial property on 1.32 acres
- Equipped kitchen with refrigerated display cases, deli equipment, and hot‑food preparation areas
- Currently operating as a convenience store with grocery and food‑service operations
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
Yes
Highway access
Yes
Paved road 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
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Existing food-service infrastructure includes refrigerated displays, deli equipment, and hot-food preparation areas.
Where is this grocery and convenience store located?
The property is located at 3030 W GULF TO LAKE Highway 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 commercial property on 1.32 acres; Equipped kitchen with refrigerated display cases, deli equipment, and hot‑food preparation areas; Currently operating as a convenience store with grocery and food‑service operations
