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    4154 N Lecanto Hwy Beverly Hills, FL 34465

    • Medical space
    • 1.17 lot acres
    For Sale
    View listing
    $550,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7132090
    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

    • Medical space

    Property Details for 4154 N Lecanto Hwy

    Lot size
    1.17 lot acres
    Property type
    Medical space
    APN
    18E18S110130 0120

    Description

    This exceptional 1.17-acre commercial and industrial land parcel is located at 4154 N Lecanto Hwy, Beverly Hills, FL 34465. Zoned GNC, this pad-ready site boasts over 195 feet of highway frontage on Highway 491, offering unparalleled visibility and accessibility. The property is part of the thriving Golden Gate development, situated near established businesses including Walgreens, Advance Auto Parts, and a new Pizza Hut. Its strategic location provides convenient access via a signalized intersection at N Modelwood Drive and Hwy 491, with multiple points of entry. City water and sewer are already in place, and offsite retention maximizes lot utilization. Shared signage enhances visibility. This site is ideal for quick-service restaurants with drive-thrus, automotive services, general retail, and medical or professional offices. The property benefits from its proximity to the Central Ridge regional shopping district, featuring major retailers like Walmart, Target, and more. The recent Suncoast Parkway extension and future expansions, coupled with Citrus County's projected population growth to 350,000 by 2030, position this property for significant future value. The site is cleared and ready for immediate development, presenting a rare opportunity in a rapidly growing area within the Tampa MSA. The asking price is $499,900. The APN is 18E18S110130 0120. Adjacent lots are also available for purchase.

    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
    Beverly Hills
    County
    Citrus
    State
    Florida
    Longitude
    -82.464418
    Latitude
    28.9243757

    Comparable in this City

    • $499,900
      1.94 Acres

      1.94 Acres Beverly Hills Land

      Prime commercial/industrial land, ready for development.
      0 Modelwood Dr, Beverly Hills, FL 34465
      View Details
    • $1,355,900
      4.60 Acres

      4.6 Acres Beverly Hills Land

      Prime commercial/industrial land, ready for development.
      4038 Modelwood Dr, Beverly Hills, FL 34465
      View Details
    • $499,900
      1.17 Acres

      Beverly Hills Commercial Land

      1.17-Acre Pad-Ready Site, Hwy Frontage
      4128 Lecanto Hwy, Beverly Hills, FL 34465
      View Details
    • $2,856,000
      1.17 Acres

      Beverly Hills Commercial Land

      Four prime parcels, central Florida
      0 Modelwood Dr, Beverly Hills, FL 34465
      View Details
    • $65,000
      1.00 Acre

      Beverly Hills Vacant Land

      One-acre homesite in desirable Pine Ridge community, Beverly Hills, Florida.
      5199 W Yuma Ln, Beverly Hills, FL 34465
      View Details
    • $2,200,000
      Pending

      Residential Land in Beverly Hills, FL

      Approved high-density residential land suitable for multifamily development.
      863 W Roosevelt Blvd, Beverly Hills, FL 34465
      View Details

    Similar Nearby for Sale

    • $499,900
      1.94 Acres

      1.94 Acres Beverly Hills Land

      Prime commercial/industrial land, ready for development.
      0 Modelwood Dr, Beverly Hills, FL 34465
      View Details
    • $1,355,900
      4.60 Acres

      4.6 Acres Beverly Hills Land

      Prime commercial/industrial land, ready for development.
      4038 Modelwood Dr, Beverly Hills, FL 34465
      View Details
    • $499,900
      1.17 Acres

      Beverly Hills Commercial Land

      1.17-Acre Pad-Ready Site, Hwy Frontage
      4128 Lecanto Hwy, Beverly Hills, FL 34465
      View Details
    • $2,856,000
      1.17 Acres

      Beverly Hills Commercial Land

      Four prime parcels, central Florida
      0 Modelwood Dr, Beverly Hills, FL 34465
      View Details
    • $65,000
      1.00 Acre

      Beverly Hills Vacant Land

      One-acre homesite in desirable Pine Ridge community, Beverly Hills, Florida.
      5199 W Yuma Ln, Beverly Hills, FL 34465
      View Details
    • $2,200,000
      Pending

      Residential Land in Beverly Hills, FL

      Approved high-density residential land suitable for multifamily development.
      863 W Roosevelt Blvd, Beverly Hills, FL 34465
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      14,646 SF

      Grocery Anchored Retail Center Space

      Retail space in grocery-anchored center serving multiple communities.
      3537 N Lecanto Hwy, Beverly Hills, FL 34465
      View Details
    • $1.00 SF/Yr
      1,500 SF

      Retail Space in Grocery Anchored Plaza

      Retail space available in a high-traffic, grocery-anchored plaza.
      3525-3591 N Lecanto Hwy, Beverly Hills, FL 34465
      View Details
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    Beverly Hills, FL 34465
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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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