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7,614 SF Flex Building | Gainesville, FL MSA 377 Highway 40 W 7,614 SF Flex Building Inglis, FL 34449 $907,348 CAD ($119.17 CAD/SF) 7.46% Cap Rate
INVESTMENT HIGHLIGHTS
- Single tenant lease Pro Forma projects an annual 7.46% Cap Rate
- Flexible interior layout consisting of 25 rooms adaptable for offices, conference areas, storage, and light manufacturing
- Upcoming Suncoast Parkway Red Level terminus (expected Q4 2026–Q4 2027) will place Inglis within 80 minutes of Tampa International Airport
- One of the few industrial-zoned parcels in Inglis, featuring 480-volt, 3-phase electrical service and an oversized industrial grade concrete slab
- Suitable for fabrication or machine shop, warehouse/distribution hub, cold storage, creative studio, or co-warehousing rentable suites
- University of Florida’s Bureau of Economic and Business Research projects Levy County’s population will increase 20% by 2040
EXECUTIVE SUMMARY
Positioned in the heart of Florida’s Gulf Coast within the Gainesville MSA ($17.7 Billion GDP in 2023), this flex space offers strategic connectivity to the Tampa and Ocala metros. The asset is comprised of a 7,614 SF building and two adjoining 1.25-acre parcels (2.5 acres total). The improved parcel is one of the few industrial-zoned sites within the Town of Inglis, while the adjacent corner lot is C-1 Neighborhood Commercial. Together, the parcels provide approximately 330 FT of frontage on CR 40, with an additional 330 FT of secondary road frontage along the corner lot. Constructed in 1981 by Allan Caton, a locally renowned builder and craftsman, the facility was originally the headquarters of A&N Corporation (now ANCORP)—for many years the largest employer in Inglis. The building was designed for industrial use, featuring an oversized concrete slab and 480-volt, three-phase electrical service to support precision manufacturing of high and ultra-high-vacuum components for advanced technology industries. Since then, the building has served a range of professional and industrial uses, including as headquarters for FirePrograms a software company, Duke Energy, and most recently a custom woodworking and cabinetry shop. Additionally, the building is completely wired for computer networking and telecommunications. The current configuration includes 25 rooms adaptable for offices, conference areas, storage, or light manufacturing, along with five bathrooms (three with showers), a kitchen, and a loading dock with overhead door for material handling and freight access. The facility is suitable for numerous uses—fabrication or machine shop, warehouse/distribution hub, cold storage, creative studio or maker space, or co-warehousing with rentable suites. The asset’s location will soon benefit from the Suncoast Parkway’s Red Level terminus, projected for completion between Q4 2026 and Q4 2027. Once open, Inglis will be within approximately 80 minutes of Tampa International Airport, further positioning the site as a strategic logistics and staging hub for Florida’s Gulf Coast and North Florida markets. Feeding future growth and demand, the University of Florida’s Bureau of Economic and Business Research projects Levy County’s population will increase 20% by 2040. This is a rare opportunity to acquire one of the region’s few industrial-grade assets offering robust infrastructure, versatile functionality, and exceptional regional access.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $299,195 CAD (2024) | |
| Land Assessment | $76,819 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $222,375 CAD (2024) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$76,819 CAD (2024)
Improvements Assessment
$222,375 CAD (2024)
Total Assessment
$299,195 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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7,614 SF Flex Building | Gainesville, FL MSA | 377 Highway 40 W
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