Five-Bay Auto
For Sale
$459,900
8 Highway 19 N, Inglis, FL 34449
COMMERCIAL - Inglis, FL
Property Size3,000 SF
Lot Size0.30 Acres
Price / SF$153.30
Days on Market168
Property Features for 8 Highway 19 N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Parking features
Parking Lot, Driveway, RV, Boat
Exterior features
PavedDriveway
Subdivision
Not on List
Lot features
Flat
Standard status
Active
APN
0306400100
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
03-17-16 0000.30 ACRES TRACT IN SE1/4 OF NE1/4 OR BOOK 1343 PAGE 73
Tax Annual Amount
2436
Legal Description
03-17-16 0000.30 ACRES TRACT IN SE1/4 OF NE1/4 OR BOOK 1343 PAGE 73
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
5 service bays with roll-up doors
spacious work areas
paved parking
front retail/office space with private bathroom
second bathroom
storage shed
shipping container
new AC
updated electrical panel
Building Details
Year built
1988
Floors in Building
1
Flooring type
Concrete
Building materials
AluminumSiding
Roof type
Metal
Additional Structures
Garage(s)
Listing Agency:
Cain Real Estate
(352) 535-3288
Listed By:
Shawnette Cain · License #3463837
(352) 535-3288
Added: Mar 9
Changed: Aug 19
Last Checked: Aug 23 at 7:06AM
MLS# 852970
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 1988 auto shop includes five service bays with roll-up doors, concrete flooring, paved parking, and separate work areas. A 30 x 20 front retail and office area has a private bathroom, while a second bathroom serves the shop area. The property also includes a shed and shipping container for additional storage. Central air, electric heating, and an updated electrical panel are among the building improvements, with a metal roof, aluminum siding, public water, and septic service.
The property is located on US Hwy 19 with 50 feet of highway frontage and sits on 0.3 acres. Zoned C, it has operated as an auto repair facility and includes a layout adaptable to automotive service, retail, or other service-oriented commercial uses. The site is 10 miles north of the Phase 3 Suncoast Parkway extension.
The property is located on US Hwy 19 with 50 feet of highway frontage and sits on 0.3 acres. Zoned C, it has operated as an auto repair facility and includes a layout adaptable to automotive service, retail, or other service-oriented commercial uses. The site is 10 miles north of the Phase 3 Suncoast Parkway extension.
Key Highlights
- 0.3‑acre auto shop property on US Hwy 19
- 50 ft of frontage along US Hwy 19
- Five service bays equipped with roll‑up doors
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
Lease Details
5
Service bays
Yes
Highway access
Yes
Paved road access
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
- DAVE'S AUTOWORLD — 14 U.S. Hwy 19, Inglis, FL 34449
- Blake's Auto — 12 U.S. Hwy 19, Inglis, FL 34449
- Kar Parts — 38 Hwy 40 W, Inglis, FL 34449
- Rusted L Trading Co — 12 U.S. Hwy 19, Inglis, FL 34449
- homes & auto repair — 35 Allen Ave, Inglis, FL 34449
Frequently Asked Questions
What type of property is this?
Auto shop - Highway-fronting facility combines service bays with customer-facing retail and office areas.
Where is this auto shop located?
The property is located at 8 Highway 19 N 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: 0.3‑acre auto shop property on US Hwy 19; 50 ft of frontage along US Hwy 19; Five service bays equipped with roll‑up doors
