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Property profile & analytics
FOR LEASE
Manufacturing properties

377 Highway 40 W Inglis, FL 34449

7,614 SF 1.25 ac lot Built 1981
Individually Owned Absentee Owner Free & Clear
Property ID
US18-4789719
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1981
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,614 SF
Lot 1.25 ac (54,450 SF)
APN 1247200000
UPID US18-4789719
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
JOSEPH S ZEIGLER
JOSEPH S ZEIGLER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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