Property profile

14381 Hwy 40 Silver Springs, FL 34488

OFF-MARKET
Other commercial real estate
Property ID
US18-4764275
4,874 SF 0.01 ac lot Built 1978
Entity Owned Free & Clear
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Property summary

AI-generated overview

The Lynn Plaza Strip Center is a commercial property in Silver Springs, Florida, consisting of three buildings within a 10-unit commercial condominium complex, with Building 2 as a standalone structure and Buildings 1 and 3 containing multiple units; the property comprises 8 units in total, while the overall complex is configured for up to 10 units. The site is zoned B4 and includes 1.35 acres, with a total building area of 10,582 square feet. The property has frontage on U.S. Highway 40, positioned between Interstate 95 and Interstate 75, approximately 9 miles east of Ocala and about 60 miles west of Ormond Beach. The property is located near or within the Ocala National Forest area, providing proximity to outdoor recreation such as swimming, fishing, boating, camping, hiking, horseback riding, and ATV riding. Building 3 has historically been used as a liquor store and for storage, and the building could potentially be reconfigured and divided into multiple separate units, potentially increasing the total number of units on the site.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,874 SF
Lot 0.01 ac (435 SF)
Zoning code B4
APN 32042-002-00
UPID US18-4764275

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

14381 Hwy 40 Silver Springs, FL 34488-4142
Silver Springs metro Census 601 OCALA, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$518k
Blend (final) Blend
$230k

Owner & transaction history

since 2026
Last sale
$650,000
3 recorded transactions
2026
$650,000
2004
$260,000
2003
$40,000

Zoning & alternative use

B4 · Silver Springs, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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