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Financial
Distress signals
Property profile

97 W Gulf To Lake Hwy Lecanto, FL 34461

FOR SALE
Retail space
Property ID
US18-0545153
21,640 SF 1.98 ac lot Built 2004
Last sale Nov 2002 · $130,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a reinforced concrete block building with a clear-span showroom/warehouse layout designed for operational flexibility. Interior space is arranged into three suites: two retail areas of approximately 1,500 and 2,000 square feet and an approximately 18,310-square-foot showroom/warehouse area; the suites are configured so they can operate independently or be combined into one contiguous facility for either single-tenant use or phased multi-suite occupancy. The site consists of…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$22k
Tax billed · 2023
Assessed value$1.31M
Assessed land$110k
Assessed improvement$1.20M
Effective rate1.68%

Value estimate

· Oct 2026
$1.84M
$1.65M – $2.02M
Submarket $/SF estimate$1.85M
NOI build-up
Gross scheduled income$327k
Vacancy & credit loss−$28k
Operating expenses−$90k
NOI · 7.12% cap applied$210k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$139/SF
County average, outlier-cleaned · 87 recorded sales of this use type
Observed band · Q1–Q3$80 – $233

Cap rate analysis

How does the asset earn?
7.12%
$210k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GNC GEN COMMERCIAL
JurisdictionCITRUS

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply10.8
Realty agency10.1
Auto Parts Store9.6

Location

97 W Gulf To Lake Hwy Lecanto, FL 34461
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1919 Gulf To Lk, Lecanto, FL 34461-9217 $945,000 Sep 2024 960 SF
1936 Lecanto, Lecanto, FL 34461-9680 $3,755,600 Jul 2023 120,196 SF
3761 Homosassa, Lecanto, FL 34461-9101 $1,000,000 Apr 2022 2,496 SF
299 Gulf To Lk Hwy, Lecanto, FL 34461-9391 $900,000 Mar 2021 No data
7280 Lecanto, Lecanto, FL 34461-9054 $71,000 Dec 2020 2,340 SF
2932 Norvell Bryant, Lecanto, FL 34461-9424 $2,659,574 Jul 2019 5,564 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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