Highway-Frontage Office
New
For Sale
$980,000
50 Diana Street, Inglis, FL 34449
CommercialSale, Inglis, FL
Property Size4,440 SF
Lot Size1.74 Acres
Price / SF$220.72
Days on Market3
Property Features for 50 Diana Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Out of County
Parking features
Driveway
Interior features
Fireplace, HandicapAccess, ProgrammableThermostat
Exterior features
Awnings, Landscaping, Lighting, ConcreteDriveway
Fireplace
1
Accessibility
Accessible Approach with Ramp
Subdivision
Cason Inglis Acres
Lot features
Acreage, Cleared, Corner Lot, Flat, Rectangular
Standard status
Active
APN
1321000000
Lot size
1.74 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
35-16-16 CASONS INGLIS ACRES UNIT 10 BLK C LOT 15 OR BOOK 1785 PAGE 978
Tax Annual Amount
4282
Legal Description
35-16-16 CASONS INGLIS ACRES UNIT 10 BLK C LOT 15 OR BOOK 1785 PAGE 978
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating)
Cooling system
Central Air, Electric
Water source
Well
Amenities
new metal roof
new A/C
new tile flooring
new lighting
propane fireplace
two bathrooms
new illuminated roadside sign
fully fenced
loading dock
multiple storage areas
carport
3-phase electric
CAT 6 wiring
hardwired Wi-Fi
Building Details
Year built
1989
Floors in Building
1
Flooring type
Tile
Building materials
Stucco
Roof type
Metal
Listing Agency:
Wave Elite Realty LLC
(352) 699-9283
Listed By:
Jennifer Lamb · License #3577303
(352) 601-0359
Added: Aug 25
Changed: Aug 27
Last Checked: Aug 27 at 3:06PM
MLS# 857320
Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office property includes 4,440 square feet of leasable space across a concrete block main building, concrete garage and storage area, and two outdoor canopy areas. Improvements include a new metal roof, new air-conditioning system, new tile flooring, new lighting, a propane fireplace, and two bathrooms. The layout also provides a loading dock, multiple storage areas, a carport, and driveway parking. Three-phase electric, CAT 6 wiring, and hardwired Wi-Fi support office and commercial operations. The site is fully fenced and includes an illuminated roadside sign.
The property occupies a 1.74-acre corner lot with approximately 150 feet of frontage on Highway 19. Traffic is reported at approximately 6,900 vehicles in annual average daily counts. Located in Inglis, the property is also just minutes from the future Suncoast Parkway extension, with access toward the Tampa Bay area.
The property occupies a 1.74-acre corner lot with approximately 150 feet of frontage on Highway 19. Traffic is reported at approximately 6,900 vehicles in annual average daily counts. Located in Inglis, the property is also just minutes from the future Suncoast Parkway extension, with access toward the Tampa Bay area.
Key Highlights
- 4,440 square feet of leasable space across the main building, garage/storage area, and two outdoor canopies
- 1.74‑acre corner lot with approximately 150 feet of Highway 19 frontage
- Approximately 6,900 vehicles in annual average daily traffic
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
$55,385
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
5.65%
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%
$1,107,700
$1.1M
Cap Rate 7%
$791,214
$791.2K
Cap Rate 9%
$615,389
$615.4K
Market Conditions
NOI Build-Up for 4,440 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
$87.9K $19.80/SF
− Vacancy
−$14.1K −$3.17/SF
EGI
$73.8K $16.63/SF
− OpEx
−$18.5K −$4.16/SF
NOI
$55.4K $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%
$1,107,700
Cap Rate 7%
$791,214
Cap Rate 9%
$615,389
Alternative Uses
Best Use
Office B
$791.2K
$692.3K – $923.1K
NOI $55,385 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$962.2K – $1.28M
NOI $76,979 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
18
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 - Concrete block office property with updated roof, HVAC, flooring, lighting, and two bathrooms.
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: 4,440 square feet of leasable space across the main building, garage/storage area, and two outdoor canopies; 1.74‑acre corner lot with approximately 150 feet of Highway 19 frontage; Approximately 6,900 vehicles in annual average daily traffic
