377 Highway 40 W Inglis, FL 34449
For Lease
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This exceptional commercial property, located at 377 Highway 40 West in Inglis, Florida, offers 7,614 square feet of versatile space on a 1.25-acre lot, with an additional 1.25 acres available. The building boasts multiple offices, easily divisible into two separate units, making it ideal for a variety of businesses. The property includes five bathrooms, three showers, and a well-equipped kitchen area. Ample storage is available throughout the building. Modern infrastructure is in place, featuring 3-phase power, Cat 5 wiring, and a dedicated IP room housing all Cat 5 and landline terminations. The property's suitability extends to various uses, including engineering firms, software development companies, medical facilities, or government offices. Convenient paved parking is located in front of the building, with additional open field parking available at the rear. The strategic location on Highway 40 (also known as "Follow That Dream"), adds historical significance, as this area holds a connection to Elvis Presley's time filming "Follow That Dream." This presents a unique opportunity to own a substantial commercial property in a desirable location with a rich history. The asking price is $750,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.