Convenience Store with
660 HIGHWAY 40 E, Inglis, FL 34449
For Sale
New
$729,000
The offering combines the operating business, real estate, on-hand inventory, and store equipment.
Property Size2,400 SF
Lot Size0.84 Acres
Price / SF$303.75
Days on Market1
Property Features for 660 HIGHWAY 40 E
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Business Included
Highway Access
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Construction
Listing Agency:
488 Real Estate
Listed By:
Shawnette Cain · License FL #3463837
(352) 535-3288
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:30PM
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 488 Real Estate
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Investment Insights
Based on property information with market context.
At 660 Highway 40 E, this convenience store property includes a 2,400-square-foot conditioned building of concrete block construction, central air conditioning, and approximately 480 square feet of canopy space. Additional storage buildings and approximately 9,000 square feet of paved asphalt area are also on site. Built in 1974, the property occupies approximately 0.84 acres along Highway 40 E in Inglis, Florida.
The sale encompasses the real estate and existing business, along with inventory on hand at closing and equipment at the property, including cash registers and coolers. The business has operated at this location under the same owner since 2004. Fuel is not currently sold at the property.
The sale encompasses the real estate and existing business, along with inventory on hand at closing and equipment at the property, including cash registers and coolers. The business has operated at this location under the same owner since 2004. Fuel is not currently sold at the property.
Key Highlights
- Convenience store business and real estate included, with inventory on hand at closing and equipment
- Approximately 0.84 acres along Highway 40 E
- 2,400‑square‑foot conditioned concrete block building with central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,577
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,540
$571.5K
Cap Rate 7%
$408,243
$408.2K
Cap Rate 9%
$317,522
$317.5K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$40.3K $16.80/SF
− Vacancy
−$2.2K −$0.92/SF
EGI
$38.1K $15.88/SF
− OpEx
−$9.5K −$3.97/SF
NOI
$28.6K $11.91/SF
Area
Levy County, FL
Vacancy
5.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,540
Cap Rate 7%
$408,243
Cap Rate 9%
$317,522
Alternative Uses
Best Use
Specialty Retail
$408.2K
$357.2K – $476.3K
NOI $28,577 @ 7.0% cap · market cap 3.92%
Second Best
Retail
$363.5K
$318.1K – $424.1K
NOI $25,447 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$594.4K
$520.1K – $693.5K
NOI $41,610 @ 7.0% cap · market cap 5.71%
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
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
679
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
U-Haul
Shops & Services
679 visits/mo
0.1 miles
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 Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The offering combines the operating business, real estate, on-hand inventory, and store equipment.
Where is this grocery and convenience store located?
The property is located at 660 HIGHWAY 40 E Inglis, FL.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Convenience store business and real estate included, with inventory on hand at closing and equipment; Approximately 0.84 acres along Highway 40 E; 2,400‑square‑foot conditioned concrete block building with central air conditioning
