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    1 Beverly Hills Boulevard Beverly Hills, FL 34465

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    Claim this Listing
    For Sale
    $600,000

    SINGLE_FAMILY - Beverly Hills, FL

    Type:Retail
    Property size:
    3,800 SF
    Lot size:
    0.44 Acres
    Price / SF:
    $157/SF
    Added:
    Nov 21, 2025
    Days on Market:
    161
    Last Refresh:
    May 1 at 6:06 am

    Property Features for 1 Beverly Hills Boulevard

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    GNC
    Parking features
    Driveway
    Exterior features
    BlacktopDriveway
    Appliances
    InstantHotWater
    Standard status
    Active
    APN
    2401958
    Size
    3,800 SF
    Lot size
    0.44 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    OLD JIFFY STORE PARCEL KNOWN AS LOT 1.1 ON CITRUS CO ASSESS- MENT MAP 319B MORE FULLY DESC AS: COM AT MOST N'LY COR OF BLK 1 BEVERLY HILLS UNIT NO 1 PB 3 PG 149 TH S 39DEG W AL NW'LY LN OF SD BLK 1 1079.45 FT TO POB SD PT ALSO BEING THE MOST W'LY COR OF LANDS DESC IN OR BK 633 PG 545 TH CONT S 39DEG W AL SD NW'LY LN 70.55 FT TO P C OF A CURVE CONCAVED E'LY HAVING A CENTRAL ANGLE OF 90 DEG AND A RADIUS OF 50 FT TH SW'LY AND SE'LY AL THE ARC OF SD CURVE 78.54 FT TO P T OF SD CURVE SD PT BEING ON NE'LY R/W LN OF BEVERLY HILLS BLVD TH S 51DEG E AL SD NE'LY R/W LN 122.81 FT TH N 39DEG E 120.55 FT TO A PT ON A SE'LY PROJECTION OF SW'LY LN OF AFOREMENTIONED LANDS TH N 51DEG W AL SD SE'LY PROJECTION AND AL SD SW'LY LN 172.81 FT TO POB DESC IN OR
    Tax Annual Amount
    3430

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1964
    Floors in Building
    1
    Flooring type
    Tile, Vinyl
    Building materials
    Stucco
    Roof type
    Asphalt, Shingle

    We can help!

    Listing Contact
    Alan Ivory

    Listing agent Alan Ivory License #3123747

    Listing office RE/MAX Realty One 504 NE Hwy 19, Crystal River, FL

    Listing date Nov 21, 2025

    MLS# 850109

    Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Opportunity in Beverly Hills

    This commercial property is located at the intersection of Highway 491 and Beverly Hills Blvd. The 3,800 sq. ft. building sits on a 0.44-acre lot and is zoned GNC. It features three individual retail units, each with its own electrical meter, a newer roof, and updated electrical panels. The property has approximately 15-16 parking spaces. The flexible layout offers potential for a variety of business types. The surrounding area includes national retailers and essential services such as Walmart Supercenter, Target, Walgreens, ALDI, Dollar General, and AutoZone. The location is ideal for customer-facing businesses. Citrus County's population is projected to increase, fueling demand for retail, services, and mixed-use development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wishing well thrift ... Department Store Living Waters Ministries ... Discount Store Beverly Hills Bilingual ... Church

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beverly Hills
    County
    Citrus
    State
    Florida
    Longitude
    -82.459819
    Latitude
    28.927946

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    FAQs

    What type of property is this?
    Storefront property - High-traffic location with flexible layout and tremendous potential.
    Where is this storefront property located?
    The property is located at 1 Beverly Hills Boulevard Beverly Hills, FL.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: High‑traffic corner location at the intersection of Highway 491 and Beverly Hills Blvd.; 3,800 sq. ft. commercial building on 0.44 acres zoned GNC.; Three individual retail units, each with its own electrical meter.
    (352) 302-9781
    We can help!
    Listing Contact
    Alan Ivory
    Real Estate License ID: 3123747
    Learn More
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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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