Three-Unit Retail Shopping
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 Market158
Property Features for 3161 E Gulf To Lake Highway
General Information
Property type
Property subtype
Zoning
Parking features
Lot features
Directions
Subdivision
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
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 5
Changed: Nov 9
Last Checked: Nov 9 at 8:06AM
MLS# CC854793
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 three-store retail center at 3161 E Gulf to Lake Highway in Inverness contains 2,275 square feet, with 2,535 square feet under roof. The units measure approximately 824, 613, and 837.5 square feet. Built in 1978, the building has stucco and block construction, vinyl flooring, central air, and electric heat.
The property has 80 feet of frontage on Hwy 44 West, along with a lighted pylon sign and parking areas at the front and rear. It is zoned GNC and has public water service and a septic system.
The property has 80 feet of frontage on Hwy 44 West, along with a lighted pylon sign and parking areas at the front and rear. It is zoned GNC and has public water service and a septic system.
Key Highlights
- Three retail units measuring approximately 824, 613, and 837.5 square feet
- 2,275 total square feet; 2,535 square feet under roof
- 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
Well-served
Demand for This Use
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
Similar Off Market Nearby
- Croft Plaza — 2901 E Gulf to Lake Hwy, Inverness, FL 34453
- Citrus Center — 2755 E Gulf to Lake Hwy, Inverness, FL 34453
- Quick-Tag — Walmart Supercenter, 2461 E Gulf to Lake Hwy, Inverness, FL 34453
Frequently Asked Questions
What type of property is this?
Shopping center - GNC-zoned property features storefronts with parking at both the front and rear.
Where is this shopping center 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 units measuring approximately 824, 613, and 837.5 square feet; 2,275 total square feet; 2,535 square feet under roof; 80 feet of frontage on Hwy 44 West
