Industrial Flex Facility with
377 Highway 40 W Inglis, FL 34449
For Sale
Contact for pricing
Industrial flex facility with an oversized slab and 480-volt three-phase power, plus adjoining commercial-zoned land parcels.
Property Size7,614 SF
Price / SF$78.80
Days on Market8
Property Features for 377 Highway 40 W
General Information
Standard status
Active
Size
7,614 SF
Property subtype
RETAIL
Listing Agency:
CENTURY 21 J W Morton Real Estate, Inc.
(352) 464-2664
Listed By:
Rich Fernley
(352) 464-2664
Source:
Moodyscre
Added: Jul 22
Changed: Jul 27
Last Checked: Jul 28 at 1:29PM
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 Real Estate, Inc.
Investment Insights
Based on property information with market context.
This offering includes a 7,614-square-foot industrial flex facility constructed in 1981, along with adjoining land parcels totaling 2.5 acres. The building is purpose-built for industrial operations and includes an oversized concrete slab and 480-volt, three-phase electrical service intended to support precision manufacturing of high- and ultra-high-vacuum components.
The property includes an improved industrial parcel and an adjacent 1.25-acre corner parcel zoned C-1 Neighborhood Commercial. Together, the combined parcels provide approximately 330 feet of frontage along CR 40, with an additional approximately 330 feet of secondary road frontage at the corner.
The facility was originally developed as the headquarters of A&N Corporation (now ANCORP), formerly the largest employer in Inglis, and is positioned to support industrial use while also allowing flexibility through the adjacent commercial-zoned land.
The property includes an improved industrial parcel and an adjacent 1.25-acre corner parcel zoned C-1 Neighborhood Commercial. Together, the combined parcels provide approximately 330 feet of frontage along CR 40, with an additional approximately 330 feet of secondary road frontage at the corner.
The facility was originally developed as the headquarters of A&N Corporation (now ANCORP), formerly the largest employer in Inglis, and is positioned to support industrial use while also allowing flexibility through the adjacent commercial-zoned land.
Key Highlights
- 7,614‑square‑foot industrial flex facility with an oversized concrete slab
- 480‑volt, three‑phase electrical service built for precision manufacturing of high- and ultra‑high‑vacuum components
- Built in 1981 by local builder Allan Caton as headquarters for A&N Corporation (now ANCORP)
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.7k | $10.20 |
| − Vacancy | −$3.9k | −$0.51 |
| EGI | $73.8k | $9.69 |
| − OpEx | −$22.1k | −$2.91 |
| NOI | $51.6k | $6.78 |
7,614 SF · lease $10.20/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$1.02M
$892.7K – $1.19M
NOI $71,416 @ 7.0% cap · market cap 11.90%
Second Best
Industrial
$737.8K
$645.6K – $860.8K
NOI $51,646 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,008 @ 7.0% cap · market cap 22.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex facility with an oversized slab and 480-volt three-phase power, plus adjoining commercial-zoned land parcels.
Where is this flex space located?
The property is located at 377 Highway 40 W Inglis, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 7,614‑square‑foot industrial flex facility with an oversized concrete slab; 480‑volt, three‑phase electrical service built for precision manufacturing of high- and ultra‑high‑vacuum components; Built in 1981 by local builder Allan Caton as headquarters for A&N Corporation (now ANCORP)
