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    123 Hwy 19 Hwy Inglis, FL 34449
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    Property profile & analytics

    123 Hwy 19 Hwy Inglis, FL 34449

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    • Retail properties & Spaces
    • 1,064 SF
    • 2.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 123 Hwy 19 Hwy

    Year built
    1976
    Lot size
    2.50 lot acres
    Property size
    1,064 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 2.5-acre commercial property boasts 1,064 square feet of building space, ideally situated on Highway 19 in Inglis, Florida. The property enjoys significant frontage – 192 feet on Highway 19 and 117 feet on the Withlacoochee River, offering unparalleled visibility and access. Currently utilized as a used car sales lot (business not included in sale), the building features three office spaces, two bathrooms, and a small kitchen area. All vehicles will be removed prior to closing. The property's versatility extends beyond its prime highway location

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Inglis
    County
    Levy
    State
    Florida
    Longitude
    -82.6687
    Latitude
    29.0268

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      660 Hwy 40th E

      GROCERY, SUPERMARKET • 2,400 SF
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    • Value Estimation by Request
      900 SF

      10530 201st St

      PARKING LOT • 900 SF
      10530 201st St, Inglis, FL 34449-3885
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    • Value Estimation by Request
      4,000 SF

      18 Hwy 19th N

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      18 Hwy 19th N, Inglis, FL 34449-9625
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    • Value Estimation by Request
      400 SF

      10051 Hwy 40th E

      PARKING LOT • 400 SF
      10051 Hwy 40th E, Inglis, FL 34449-3775
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    • Value Estimation by Request
      672 SF

      10090 Hwy 40th E

      PARKING LOT • 672 SF
      10090 Hwy 40th E, Inglis, FL 34449
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    • Value Estimation by Request
      1,040 SF

      12 Hwy 19th S

      VEHICLE SALES, RENTALS • 1,040 SF
      12 Hwy 19th S, Inglis, FL 34449-9680
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,064 SF

      Highway Frontage Commercial Property

      Commercial property with highway frontage and river access.
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    • $459,900

      Highway Frontage Commercial Shop

      3,000 sq ft commercial shop on US Hwy 19.
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      Pending

      Inglis Land Parcel For Sale

      0.23 acre parcel in Inglis, Florida, on paved road.
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      Pending

      Vacant Land Near Inglis Recreation

      0.89-acre vacant land near Hwy 40 and Inglis Recreation.
      107 SE 107Th Ter, Inglis, FL 34449
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    • $69,900
      0.31 Acres

      Waterfront Land in Inglis, Florida

      Vacant .31-acre lot on canal to Lake Rousseau.
      201St St, Inglis, FL 34449
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    • New
      $76,000
      1.00 Acre

      Cleared Acre Lot Ready to Build

      One acre lot with utilities in Inglis, Florida.
      177 Gladys Ave, Inglis, FL 34449
      View Details
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    Inglis, FL 34449
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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