Corner Office
New
For Sale
$980,000
50 DIANA STREET, Inglis, FL 34449
Updated office property with fenced grounds, loading dock, parking, modern wiring, and highway exposure.
Property Size4,400 SF
Lot Size1.74 Acres
Price / SF$222.73
Days on Market4
Property Features for 50 DIANA STREET
General Information
Standard status
Active
Size
4,400 SF
Net Rentable
4,440 SF
Lot size
1.74 Acres
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Amenities
new metal roof
new A/C
new tile flooring
new lighting
propane fireplace
two bathrooms
new illuminated roadside sign
fully fenced property
loading dock
multiple storage areas
carport
3-phase electric
CAT 6 wiring
hardwired Wi-Fi
Building Details
Year Built
1989
Construction
concrete block
Listing Agency:
WAVE ELITE REALTY LLC
(352) 699-9283
Listed By:
Jennifer Lamb · License #3577303
Source:
Endlesssummerrealty
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 1:46PM
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 WAVE ELITE REALTY LLC
Investment Insights
Based on property information with market context.
This office property occupies a 1.74-acre corner site along Highway 19 and includes a concrete block building, garage and storage area, two outdoor canopies, carport, loading dock, and multiple storage areas. Recent improvements include a metal roof, air-conditioning system, tile flooring, lighting, and an illuminated roadside sign. The building also contains a propane fireplace and two bathrooms.
The fully fenced grounds provide defined site control, while 3-phase electric, CAT 6 wiring, and hardwired Wi-Fi support office and commercial operations. Approximately 150 feet of Highway 19 frontage and an annual average daily traffic count of approximately 6,900 vehicles add roadside exposure. The property is located minutes from the future Suncoast Parkway extension, with access toward the Tampa Bay area.
The fully fenced grounds provide defined site control, while 3-phase electric, CAT 6 wiring, and hardwired Wi-Fi support office and commercial operations. Approximately 150 feet of Highway 19 frontage and an annual average daily traffic count of approximately 6,900 vehicles add roadside exposure. The property is located minutes from the future Suncoast Parkway extension, with access toward the Tampa Bay area.
Key Highlights
- 1.74‑acre corner property with approximately 150 feet of Highway 19 frontage
- Annual average daily traffic count of approximately 6,900 vehicles
- Recent metal roof, A/C, tile flooring, and lighting improvements
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
$54,886
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
5.60%
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%
$1,097,720
$1.1M
Cap Rate 7%
$784,086
$784.1K
Cap Rate 9%
$609,844
$609.8K
Market Conditions
NOI Build-Up for 4,400 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
$87.1K $19.80/SF
− Vacancy
−$13.9K −$3.17/SF
EGI
$73.2K $16.63/SF
− OpEx
−$18.3K −$4.16/SF
NOI
$54.9K $12.47/SF
Area
Levy County, FL
Vacancy
16.00%
Lease Rate
$19.80 /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%
$1,097,720
Cap Rate 7%
$784,086
Cap Rate 9%
$609,844
Alternative Uses
Best Use
Office B
$784.1K
$686.1K – $914.8K
NOI $54,886 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$953.6K – $1.27M
NOI $76,285 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Explore this area
Business Placement
Demographics for 34449, FL
3,421
Population
1,986
Households
1.7
Avg Household Size
56
Median Age
13%
College-Educated
87%
High-School Grad
130.7 sq mi
ZIP Area
26
Density / Sq Mi
$52,760
Median Household Income
$27,108
Median Earnings
$775
Median Rent
$143,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Updated office property with fenced grounds, loading dock, parking, modern wiring, and highway exposure.
Where is this office building located?
The property is located at 50 DIANA STREET Inglis, FL.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: 1.74‑acre corner property with approximately 150 feet of Highway 19 frontage; Annual average daily traffic count of approximately 6,900 vehicles; Recent metal roof, A/C, tile flooring, and lighting improvements
