Auto Shop with Lake
8929 E Gulf To Lake Highway, Inverness, FL 34450
For Sale
$299,900
Pending
Commercial Sale, Inverness, FL
Property Size4,010 SF
Lot Size0.78 Acres
Days on Market585
Property Features for 8929 E Gulf To Lake Highway
General Information
Property type
Property subtype
Zoning
Parking features
Lot features
View
Directions
Standard status
APN
Lot size
Additional Details
Real Estate Included
Automotive Uses
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Water source
Water front features
Water front
Amenities
grade-level roll-up doors
12-foot ceiling heights
3-phase electric power
two-story build-out
lake access
high visibility
abundant parking
open yard space
Building Details
Year built
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
CENTURY 21 J.W.MORTON R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Elias Kirallah · License #BK3123414
(352) 400-2635
Added: Apr 2, 2025
Changed: Nov 7
Last Checked: Nov 7 at 4:06AM
MLS# CC843269
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,010-square-foot, two-story auto shop is built of concrete block and was constructed in 1972. Its service area has three 10-by-12-foot grade-level roll-up doors, 12-foot ceilings, and 3-phase electric power. Interior renovations and a new roof are among the reported updates. The building also includes a second-story build-out, and the site has driveway and assigned parking, along with open yard space.
The 0.78-acre property fronts Gulf to Lake Highway (SR 44), with more than 300 feet of visibility along the corridor, which carries approximately 18,000 vehicles per day. The rear of the site provides lakefront access to the Tsala Apopka Chain of Lakes. Downtown Inverness is 3.2 miles away. The property is served by a well and septic system.
The 0.78-acre property fronts Gulf to Lake Highway (SR 44), with more than 300 feet of visibility along the corridor, which carries approximately 18,000 vehicles per day. The rear of the site provides lakefront access to the Tsala Apopka Chain of Lakes. Downtown Inverness is 3.2 miles away. The property is served by a well and septic system.
Key Highlights
- Lakefront property with access to the Tsala Apopka Chain of Lakes
- 4,010‑square‑foot building with three 10'x12' grade‑level roll‑up doors
- 12‑foot ceilings and 3‑phase electric power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,420
Cap Rate
8.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,400
$528.4K
Cap Rate 7%
$377,429
$377.4K
Cap Rate 9%
$293,556
$293.6K
Market Conditions
NOI Build-Up for 4,010 SF
Gross rent
$39.9K $9.96/SF
− Vacancy
−$2.2K −$0.55/SF
EGI
$37.7K $9.41/SF
− OpEx
−$11.3K −$2.82/SF
NOI
$26.4K $6.59/SF
Area
Citrus County, FL
Vacancy
5.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,400
Cap Rate 7%
$377,429
Cap Rate 9%
$293,556
Alternative Uses
Best Use
Retail
$550.4K
$481.6K – $642.1K
NOI $38,526 @ 7.0% cap · market cap 12.85%
Second Best
Mixed Use
$536.5K
$469.5K – $625.9K
NOI $37,556 @ 7.0% cap · market cap 12.52%
Theoretical Best
Specialty Retail
$901.0K
$788.4K – $1.05M
NOI $63,073 @ 7.0% cap · market cap 21.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
18,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Auto shops in Citrus County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Auto shop - The two-story layout includes office space, three grade-level doors, and a 3-phase electrical service.
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 $299,900.
What are key features of this property?
This property features: Lakefront property with access to the Tsala Apopka Chain of Lakes; 4,010‑square‑foot building with three 10'x12' grade‑level roll‑up doors; 12‑foot ceilings and 3‑phase electric power
