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Corner Office Building
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 Market50

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
Listed By: Jennifer Lamb · License #3577303
Source: Endlesssummerrealty
Added: Aug 28 Changed: Oct 15 Last Checked: Oct 16 at 9:52AM

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

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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.

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 / Yr
$54,886
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
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
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 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 (±1% cap)
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 (±1% cap)
NOI $76,285 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Building Supply HVAC Service Big Box & Wholesale Store Electrical Service Plumbing Service Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

12
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

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
More about this property
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