Retail Space with On-Site
For Sale
$1,200,000
3628 N Lecanto Hwy, Beverly Hills, FL 34465
The premises include on-site parking and share a driveway with a neighboring commercial property.
Property Size3,882 SF
Price / SF$309.12
Days on Market95
Property Features for 3628 N Lecanto Hwy
General Information
Standard status
Active
Size
3,882 SF
Total Parking Spaces
33
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,326
Listing Agency:
Century 21 J.W.Morton R.E.
(352) 726-6668
Listed By:
Wayne Buhler · License #3341008
(352) 228-9632
Source:
Exprealty
Added: Aug 3
Changed: Nov 3
Last Checked: Nov 4 at 5:15PM
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 Century 21 J.W.Morton R.E.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,882-square-foot retail space includes 33 parking spaces and shares a driveway with a neighboring commercial property.
The property is located on County Road 491 and is less than two miles from the entrance to the Shops at Black Diamond.
The property is located on County Road 491 and is less than two miles from the entrance to the Shops at Black Diamond.
Key Highlights
- 3,882 square feet of retail space
- 33 parking spaces
- Located on County Road 491
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,296
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$745,920
$745.9K
Cap Rate 7%
$532,800
$532.8K
Cap Rate 9%
$414,400
$414.4K
Market Conditions
NOI Build-Up for 3,882 SF
Gross rent
$58.2K $15.00/SF
− Vacancy
−$4.9K −$1.28/SF
EGI
$53.3K $13.73/SF
− OpEx
−$16.0K −$4.12/SF
NOI
$37.3K $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%
$745,920
Cap Rate 7%
$532,800
Cap Rate 9%
$414,400
Alternative Uses
Best Use
Retail
$532.8K
$466.2K – $621.6K
NOI $37,296 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$872.3K
$763.2K – $1.02M
NOI $61,059 @ 7.0% cap · market cap 5.09%
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
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
84k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Groceries 36%
Home Improvements & Furnishings 10%
Dining 2%
Winn-Dixie
Groceries
30,026 visits/mo
0.2 miles
Dollar Tree
Shops & Services
14,235 visits/mo
0.3 miles
Shell
Shops & Services
12,415 visits/mo
0.2 miles
Carter's Ace Hardware of Beverly Hills
Home Improvements & Furnishings
8,264 visits/mo
0.2 miles
Bank of America
Shops & Services
5,090 visits/mo
0.2 miles
Demographics for 34465, FL
17,960
Population
9,466
Households
1.9
Avg Household Size
58
Median Age
22%
College-Educated
92%
High-School Grad
24.3 sq mi
ZIP Area
739
Density / Sq Mi
$55,513
Median Household Income
$32,536
Median Earnings
$1,146
Median Rent
$233,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The premises include on-site parking and share a driveway with a neighboring commercial property.
Where is this retail space located?
The property is located at 3628 N Lecanto Hwy Beverly Hills, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 3,882 square feet of retail space; 33 parking spaces; Located on County Road 491
