Three-Unit Retail Strip
3161 E GULF TO LAKE Highway, Inverness, FL 34453
For Sale
$395,000
Pending
Commercial Sale, INVERNESS, FL
Property Size2,275 SF
Lot Size0.22 Acres
Days on Market153
Property Features for 3161 E GULF TO LAKE Highway
General Information
Property type
Property subtype
Zoning
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
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Building Details
Year built
Building materials
Buildings
Listing Agency:
CENTURY 21 J.W.MORTON R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Jim Morton · License #123629
(352) 422-2173
Added: Jun 10
Changed: Nov 9
Last Checked: Nov 9 at 8:06AM
MLS# OM726136
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.
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Investment Insights
Based on property information with market context.
This 1978 retail center contains three storefronts totaling 2,275 square feet, with 2,535 square feet under roof. The individual spaces measure 824 square feet, 613 square feet, and 837.5 square feet. Construction includes block, concrete, and stucco, with central heating and air conditioning. The property is zoned GNC and occupies 0.22 acres.
At 3161 E Gulf to Lake Highway in Inverness, the center has 80 feet of frontage on Hwy 44 West. Parking is available at both the front and rear of the building. A lighted pylon sign and central water service are also on site.
At 3161 E Gulf to Lake Highway in Inverness, the center has 80 feet of frontage on Hwy 44 West. Parking is available at both the front and rear of the building. A lighted pylon sign and central water service are also on site.
Key Highlights
- Three retail spaces totaling 2,275 square feet; 2,535 square feet under roof
- Individual units measure 824 square feet, 613 square feet, and 837.5 square feet
- 80 feet of frontage on Hwy 44 West
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,857
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,140
$437.1K
Cap Rate 7%
$312,243
$312.2K
Cap Rate 9%
$242,856
$242.9K
Market Conditions
NOI Build-Up for 2,275 SF
Gross rent
$34.1K $15.00/SF
− Vacancy
−$2.9K −$1.28/SF
EGI
$31.2K $13.73/SF
− OpEx
−$9.4K −$4.12/SF
NOI
$21.9K $9.61/SF
Area
Citrus County, FL
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,140
Cap Rate 7%
$312,243
Cap Rate 9%
$242,856
Alternative Uses
Best Use
Retail
$312.2K
$273.2K – $364.3K
NOI $21,857 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$511.2K
$447.3K – $596.4K
NOI $35,783 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
405
Businesses Nearby
Explore this area
Business Placement
Demographics for 34453, FL
10,964
Population
5,628
Households
1.9
Avg Household Size
54
Median Age
19%
College-Educated
94%
High-School Grad
27.1 sq mi
ZIP Area
405
Density / Sq Mi
$58,064
Median Household Income
$33,341
Median Earnings
$1,046
Median Rent
$174,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Three storefronts include front and rear parking, central water, and a lighted pylon sign.
Where is this strip mall located?
The property is located at 3161 E GULF TO LAKE Highway Inverness, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three retail spaces totaling 2,275 square feet; 2,535 square feet under roof; Individual units measure 824 square feet, 613 square feet, and 837.5 square feet; 80 feet of frontage on Hwy 44 West
