Highway Frontage Commercial
For Sale
$459,900
8 Highway 19, Inglis, FL 34449
3,000 sq ft commercial shop on US Hwy 19.
Property Size3,000 SF
Price / SF$153.30
Days on Market206
Property Features for 8 Highway 19
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$2,436
Amenities
Central Air
3
Parking.
RV Parking.
Building Details
Year Built
1988
Listing Agency:
CAIN REAL ESTATE
(352) 535-3288
Listed By:
Shawnette Cain · License #3463837
Source:
Xome
Added: Feb 2
Changed: Aug 25
Last Checked: Aug 26 at 5:32AM
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 CAIN REAL ESTATE
Investment Insights
Based on property information with market context.
This 3,000 sq. ft. commercial shop is located directly on US Hwy 19, offering 50 ft of highway frontage, excellent visibility, easy access, and strong daily traffic counts. The building features 5 service bays with roll-up doors, spacious work areas, paved parking, and a 30 x 20 front retail/office space with a private bathroom. The shop area also includes a second bathroom for staff and operations. Recent improvements include new AC and an updated electrical panel. Additional storage is available with a shed and shipping container. The property is suited for a variety of uses, including auto body and paint shop, classic car restoration, auto detailing, quick lube shop, car sales or rental operation, furniture sales or restoration, and retail or service-based business. The property is located on a major north–south commercial route through Florida and offers high traffic visibility for signage and branding. It is located only 10 miles north of the Phase 3 Suncoast Parkway extension, bringing increased accessibility and future growth to the region. Commercial spaces along this corridor are in high demand with limited inventory, creating strong leasing potential.
Key Highlights
- Direct frontage on US Hwy 19 with high traffic visibility.
- 3,000 sq. ft. commercial shop with 5 service bays and roll‑up doors.
- 30 x 20 front retail/office space with private bathroom.
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
$31,809
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
6.92%
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%
$636,180
$636.2K
Cap Rate 7%
$454,414
$454.4K
Cap Rate 9%
$353,433
$353.4K
Market Conditions
NOI Build-Up for 3,000 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
$48.6K $16.20/SF
− Vacancy
−$3.2K −$1.05/SF
EGI
$45.4K $15.15/SF
− OpEx
−$13.6K −$4.54/SF
NOI
$31.8K $10.60/SF
Area
Levy County, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
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%
$636,180
Cap Rate 7%
$454,414
Cap Rate 9%
$353,433
Alternative Uses
Best Use
Retail
$454.4K
$397.6K – $530.2K
NOI $31,809 @ 7.0% cap · market cap 6.92%
Second Best
Industrial
$290.7K
$254.4K – $339.2K
NOI $20,349 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$743.0K
$650.2K – $866.9K
NOI $52,013 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
41k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Groceries 14%
Dining 9%
Shell
Shops & Services
8,284 visits/mo
0.1 miles
Circle K
Shops & Services
7,674 visits/mo
0.1 miles
Dollar General
Shops & Services
7,526 visits/mo
0.2 miles
Food Ranch Supermarket
Groceries
5,799 visits/mo
0.2 miles
Family Dollar
Shops & Services
5,024 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- homes & auto repair — 35 Allen Ave, Inglis, FL 34449
- Blake's Auto — 12 U.S. Hwy 19, Inglis, FL 34449
- Kar Parts — 38 Hwy 40 W, Inglis, FL 34449
- DAVE'S AUTOWORLD — 14 U.S. Hwy 19, Inglis, FL 34449
- Rusted L Trading Co — 12 U.S. Hwy 19, Inglis, FL 34449
Frequently Asked Questions
What type of property is this?
Auto shop - 3,000 sq ft commercial shop on US Hwy 19.
Where is this auto shop located?
The property is located at 8 Highway 19 Inglis, FL.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Direct frontage on US Hwy 19 with high traffic visibility.; 3,000 sq. ft. commercial shop with 5 service bays and roll‑up doors.; 30 x 20 front retail/office space with private bathroom.
