Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3030 Gulf To Lk Hwy Lecanto, FL 34461-9208

    • Grocery and convenience stores
    • 2,805 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1813154
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • America Grocery / Restaurant

    Property Details for 3030 Gulf To Lk Hwy

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.51 lot acres
    Property size
    2,805 SF
    Zone code
    GNC GEN COMMERCIAL
    Property type
    Grocery and convenience stores
    APN
    18E-19S-04-22110-009.0
    APU
    18E19S04221100090

    Description

    This exceptional 2,805 sq ft retail property, situated on a 0.51-acre lot at 3030 W Gulf To Lake Highway in Lecanto, FL, presents a unique investment opportunity. Established for 27 years, this thriving business boasts a full-line grocery store offering a diverse product selection not readily available in the area. The concrete block and stucco building includes a spacious walk-in cooler, multiple ovens, a comfortable dining area, and an attractive hot food display case. Significant upgrades were completed in 2019, including a new roof and HVAC system, ensuring efficient and cost-effective operation. The property's prime location benefits from close proximity to the new Suncoast Parkway exit ramp, promising increased customer traffic and accessibility. The current owners have successfully operated a profitable restaurant and grocery store for many years, demonstrating the location's strong potential. An adjacent property is also available for purchase, offering the possibility of expanded parking and improved delivery access. This versatile building is well-suited for a variety of commercial uses, including franchise food businesses, making it an attractive investment for both established entrepreneurs and new ventures. The asking price is $899,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lecanto
    County
    Citrus
    State
    Florida
    Longitude
    -82.484
    Latitude
    28.8515
    CBSA code
    26140
    CBSA name
    HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,945
    $69,800
    $165,160
    $234,960
    -
    $69,800
    $165,160
    $234,960

    Comparable in this City

    • Value Estimation
      $940,000
      2,496 SF

      3761 Homosassa Trl

      CONVENIENCE STORE • 2,496 SF
      3761 Homosassa Trl, Lecanto, FL 34461-9101
      View Details
    • Value Estimation by Request
      2,400 SF

      2205 Norvell Bryant Hwy

      CONVENIENCE STORE • 2,400 SF
      2205 Norvell Bryant Hwy, Lecanto, FL 34461-7642
      View Details
    • Value Estimation
      $560,000
      3,410 SF

      2025 Lecanto Hwy

      CONVENIENCE STORE • 3,410 SF
      2025 Lecanto Hwy, Lecanto, FL 34461-9682
      View Details
    • Value Estimation
      $860,000
      5,564 SF

      2932 Norvell Bryant Hwy

      CONVENIENCE STORE • 5,564 SF
      2932 Norvell Bryant Hwy, Lecanto, FL 34461-9424
      View Details
    • Value Estimation by Request
      3,420 SF

      5511 Homosassa Trl

      CONVENIENCE STORE • 3,420 SF
      5511 Homosassa Trl, Lecanto, FL 34461-8992
      View Details
    • Value Estimation by Request
      2,340 SF

      7280 Lecanto Hwy

      CONVENIENCE STORE • 2,340 SF
      7280 Lecanto Hwy, Lecanto, FL 34461-9054
      View Details

    Similar Nearby for Sale

    • $1,100,000
      4,812 SF

      Versatile Mixed-Use Property on Highway

      2-acre property with commercial buildings, horse stalls, and residential home.
      3729 S Lecanto Hwy, Lecanto, FL 34461
      View Details
    • $1,100,000

      Versatile Commercial Property with Residential Component

      2-acre property zoned for commercial and residential use with multiple buildings.
      3729 S Lecanto Hwy, Lecanto, FL 34461
      View Details
    • $3,900,000
      27,501 SF

      Lecanto Highway Multi-Use Property

      37 Acres, Multiple Buildings, Prime Location
      8123 Lecanto Hwy, Lecanto, FL 34461
      View Details
    • $3,778,000
      7,926 SF

      New Texas Roadhouse For Sale

      New 15-year lease with options and rent increases.
      2130 N Lecanto Hwy, Lecanto, FL 34461
      View Details
    • $3,900,000
      37.33 Acres

      Lecanto Multi-Building Acreage Opportunity

      37.33 acres with restaurant, venue, residence, and agricultural potential.
      8123 S Lecanto Hwy, Lecanto, FL 34461
      View Details
    • Contact for pricing
      0.19 Acres

      Lecanto Land in Citrus Hills

      Residential lot in Brentwood subdivision with access to Citrus Hills amenities.
      2477 N Brentwood Cir, Lecanto, FL 34461
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,788 SF

      New Retail Space For Lease

      Retail space available for lease, delivery January 2026.
      198 W Norvell Bryant Hwy, Lecanto, FL 34461
      View Details
    • Contact for pricing

      Lecanto Outparcel at Target Center

      Outparcel at Target-anchored center in Lecanto, utilities on-site.
      3159 W Norvell Bryant Hwy, Lecanto, FL 34461
      View Details
    • Contact for pricing

      Land for Lease in Lecanto

      Land available for lease in a planned Lecanto development.
      3440 W Gulf To Lake Hwy, Lecanto, FL 34461
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3030 Gulf To Lk Hwy
    Lecanto, FL 34461-9208
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.