Auto Shop with Roll-Up
For Sale
$335,000
8929 E Gulf To Lake Highway, Inverness, FL 34450
SINGLE_FAMILY - Inverness, FL
Property Size4,010 SF
Lot Size0.78 Acres
Price / SF$83.54
Days on Market485
Property Features for 8929 E Gulf To Lake Highway
General Information
Property type
Residential
Property subtype
Retail
Zoning
CLC,CLR
Parking
20
Parking features
Driveway, Assigned
Interior features
HighCeilings
Exterior features
PavedDriveway
Subdivision
Not on List
Lot features
Flat, Multiple Lots
View
Lake
Directions
Coming from Inverness downtown enter US Highway 41 and head South East for .5 Miles until you reach an intersection enter E Gulf To Lake Highway and head North East for about 4.4 Miles until you reach the property in 7 Minutes on your left side.
Standard status
Active
APN
1738628
Lot size
0.78 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
HICKORY HILL RETS UNIT 2 PB 3 PG 75 LOTS 3 & 4 BLK 4
Tax Annual Amount
3589
Legal Description
HICKORY HILL RETS UNIT 2 PB 3 PG 75 LOTS 3 & 4 BLK 4
Utilities
Sewer type
Septic Tank
Water source
Well
Water front features
Lake Front, Lake
Water front
1
Building Details
Year built
1972
Floors in Building
2
Flooring type
Concrete
Building materials
Block, Concrete
Roof type
Asphalt, Shingle
Listing Agency:
Century 21 J.W.Morton R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Elias Kirallah · License #3123414
(352) 400-2635
Added: Apr 2, 2025
Changed: Jul 29
Last Checked: Jul 30 at 11:06PM
MLS# 843269
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.
Fully renovated commercial auto shop built as a concrete block structure, offering service-ready features including three 10'x12' grade-level roll-up doors and 12-foot ceiling heights. The building also includes 3-phase electric power and a two-story build-out that can support office use or potential live/work arrangements. Recent improvements include a new roof and comprehensive interior renovations.
The property fronts Gulf to Lake Highway (State Road 44) with more than 300 feet of visibility and an average daily traffic volume of approximately 18,000 vehicles. Zoned CLC/CLR (Coastal Lakes Commercial), the site also offers direct rear access to the Tsala Apopka Chain of Lakes, Citrus County’s largest freshwater system with over 22,000 acres and 15 interconnected lakes.
An abundance of parking and open yard space supports adaptable operations for service, contractor, and other commercial uses that may benefit from high-traffic exposure and equipment-friendly improvements.
The property fronts Gulf to Lake Highway (State Road 44) with more than 300 feet of visibility and an average daily traffic volume of approximately 18,000 vehicles. Zoned CLC/CLR (Coastal Lakes Commercial), the site also offers direct rear access to the Tsala Apopka Chain of Lakes, Citrus County’s largest freshwater system with over 22,000 acres and 15 interconnected lakes.
An abundance of parking and open yard space supports adaptable operations for service, contractor, and other commercial uses that may benefit from high-traffic exposure and equipment-friendly improvements.
Key Highlights
- 4,010 SF concrete block commercial building built in 1972 along SR 44 in Inverness, FL
- Lakefront access with rear access to the Tsala Apopka Chain of Lakes (15 interconnected lakes, 22,000+ acres)
- Three 10' x 12' grade‑level roll‑up doors plus 12‑foot ceiling heights for service or equipment use
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.9k | $9.96 |
| − Vacancy | −$2.2k | −$0.55 |
| EGI | $37.7k | $9.41 |
| − OpEx | −$11.3k | −$2.82 |
| NOI | $26.4k | $6.59 |
4,010 SF · lease $9.96/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$603.2K
$527.8K – $703.8K
NOI $42,225 @ 7.0% cap · market cap 12.60%
Second Best
Retail
$550.4K
$481.6K – $642.1K
NOI $38,526 @ 7.0% cap · market cap 11.50%
Theoretical Best
Specialty Retail
$901.0K
$788.4K – $1.05M
NOI $63,073 @ 7.0% cap · market cap 18.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
3
Drive-in doors
18,000 VPD
Traffic count
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34450, FL
10,788
Population
6,642
Households
1.6
Avg Household Size
59
Median Age
25%
College-Educated
92%
High-School Grad
31.2 sq mi
ZIP Area
346
Density / Sq Mi
$48,955
Median Household Income
$39,409
Median Earnings
$973
Median Rent
$210,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Auto shop - Fully renovated concrete block auto shop with three 10'x12' grade-level roll-up doors and two-story build-out on 0.78 acres.
Where is this auto shop located?
The property is located at 8929 E Gulf To Lake Highway Inverness, FL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 4,010 SF concrete block commercial building built in 1972 along SR 44 in Inverness, FL; Lakefront access with rear access to the Tsala Apopka Chain of Lakes (15 interconnected lakes, 22,000+ acres); Three 10' x 12' grade‑level roll‑up doors plus 12‑foot ceiling heights for service or equipment use
