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    For Sale (17)

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    Inverness Land Parcel For Sale
    $169,900
    4.13 Acres

    Inverness Land Parcel For Sale

    Partially cleared 4+ acre land near Suncoast Parkway.

    3491 E Stage Coach Trl, Inverness, FL 34452
    View details
    Inverness Land Opportunity Awaits
    $94,900
    2.93 Acres

    Inverness Land Opportunity Awaits

    Nearly 3 acres of wooded land in Florida's Nature Coast.

    8907 S Pleasant Grove Rd, Inverness, FL 34452
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    Inverness Homesite with Mature Oaks
    $110,000
    3.64 Acres

    Inverness Homesite with Mature Oaks

    3.5+ acre homesite in a desirable rural Inverness location.

    8859 S Pleasant Grove Rd, Inverness, FL 34452
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    Residential Homesite in Citrus Hills
    Contact for pricing
    0.22 Acres

    Residential Homesite in Citrus Hills

    Pristine .22-acre homesite in Citrus Hills' Canterbury Lake Estates.

    3337 N Canterbury Lake Dr, Hernando, FL 34442
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    Floral City Land: Nature's Paradise
    $301,917
    6.04 Acres

    Floral City Land: Nature's Paradise

    Unique 6.04-acre Floral City land parcel ready for custom home.

    8800 S Steed Ter, Floral City, FL 34436
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    Secluded Floral City Naturescape Legacy
    $269,583
    5.39 Acres

    Secluded Floral City Naturescape Legacy

    Unique 5.39-acre property ready for a custom dream home.

    8792 S Steed Ter, Floral City, FL 34436
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    Lecanto Homesite on Three Acres
    $100,000
    3.07 Acres

    Lecanto Homesite on Three Acres

    Three-acre homesite in Lecanto, Florida, with mature trees and privacy.

    620 S Fairlane Ter, Lecanto, FL 34461
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    Vacant Land in Crystal River
    Contact for pricing
    0.19 Acres

    Vacant Land in Crystal River

    Cleared land ready for your dream home in Crystal River.

    410 SE 12Th Ave, Crystal River, FL 34429
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    Hernando, FL Land For Sale
    $50,000
    0.54 Acres

    Hernando, FL Land For Sale

    Half-acre parcel with development potential near Highway 200.

    6786 N Carl G Rose Hwy, Hernando, FL 34442
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    Residential Lot in Inverness Highlands
    Contact for pricing
    0.41 Acres

    Residential Lot in Inverness Highlands

    Cleared 0.41 acre lot, convenient location, owner financing available.

    3319 S Oakdale Ter, Inverness, FL 34452
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    Royal Highlands 1.2-Acre Homesite
    $37,500
    1.20 Acres

    Royal Highlands 1.2-Acre Homesite

    1.2-acre homesite in Royal Highlands, no HOA, no CDD fees.

    18251 Ramsey Rd, Weeki Wachee, FL 34614
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    Citrus Springs Corner Lot Opportunity
    Contact for pricing
    0.31 Acres

    Citrus Springs Corner Lot Opportunity

    0.31-acre corner lot in Citrus Springs, Florida, ideal for building.

    6671 N Dunlap Ter, Citrus Springs, FL 34433
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    Sugarmill Woods Privacy Lot
    Contact for pricing
    0.30 Acres

    Sugarmill Woods Privacy Lot

    Secluded lot in Sugarmill Woods with greenbelt buffer.

    4 Elder Ct E, Homosassa, FL 34446
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    Commercial Land on High-Traffic Highway
    $42,000
    0.13 Acres

    Commercial Land on High-Traffic Highway

    Vacant 0.13-acre lot on high-traffic highway in Hernando, Florida.

    2040 N Florida Ave, Hernando, FL 34442
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    Citrus Springs Residential Homesite
    Contact for pricing
    0.24 Acres

    Citrus Springs Residential Homesite

    Quarter-acre homesite in rapidly developing Citrus Springs community.

    9613 N Country Club Way, Citrus Springs, FL 34434
    View details
    146-Acre Farm North of Brooksville
    $6,600,000
    146.20 Acres

    146-Acre Farm North of Brooksville

    146-acre farm with highway frontage near Brooksville, Florida.

    11077 Ponce De Leon Blvd, Brooksville, FL 34601
    View details
    Brooksville Land with Timber
    $1,400,000
    41.40 Acres

    Brooksville Land with Timber

    41.4 acres of timberland near Brooksville, Florida.

    Old Crystal River Rd, Brooksville, FL 34460
    View details

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    • For Sale

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    Coldwell Banker Investors Realty of Citrus County, Inc.
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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
    Coldwell Banker Investors Realty of Citrus County, Inc.
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