Renovated Executive Office Building
2519 W Highway 44, Inverness, FL 34453
SINGLE_FAMILY - Inverness, FL
Type:Office
Property size:
3,200 SFLot size:
0.71 AcresPrice / SF:
$218/SF- Added:
- Sep 20, 2024
- Days on Market:
- 606
- Last Refresh:
- May 18 at 6:06 am
Property Features for 2519 W Highway 44
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- C
- Parking
- 32
- Interior features
- HighCeilings
- Standard status
- Active
- APN
- 1690731
- Size
- 3,200 SF
- Lot size
- 0.71 Acres
Taxes and HOA fees
- Tax Year
- 2018
- Tax Annual Amount
- 6736
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Block, Concrete
- Roof type
- Metal
Listing agent Elias Kirallah License #3123414 (352) 400-2635
Listing office Century 21 J.W.Morton R.E. 1645 W Main Street, Inverness, FL (352) 726-6668
Listing date Sep 20, 2024
MLS# 837691
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.
HighLights
- Corporate‑guaranteed NNN lease with 2.5% annual rent increases and two 3‑year renewal options provides strong passive income.
- Prime location on State Road 44 (29,500 AADT) in Citrus County, one of Florida's fastest‑growing areas.
- Fully renovated 3,200 SF executive office building suitable for professional or medical use.
- General Commercial zoning on 0.71 acres with 37 parking spaces and full city utilities.
- High‑end finishes throughout, including four private offices, a large conference room, and ADA‑compliant restrooms.
- Located near Historic Downtown Inverness and key civic/healthcare centers, with regional access to major communities.
Overview
Located in Citrus County, this fully renovated 3,200 SF executive office building presents an investment opportunity. The property is situated on 0.71 acres of General Commercial-zoned land directly on State Road 44, which has an average annual daily traffic count of 29,500. The building features four private offices, a large conference room, a reception area, a mail/copy room, an oversized lobby, and a breakroom. It also includes three ADA-compliant restrooms and 37 parking spaces. The property has full city utilities and high-end finishes throughout. It is suitable for professional or medical use. The property is currently leased to a national newspaper conglomerate under a corporate-guaranteed NNN lease with 2.5% annual rent increases and two 3-year renewal options. The property is located 2.2 miles from Historic Downtown Inverness and near civic and healthcare centers, with regional access to Lecanto, Crystal River, and Homosassa. Citrus County is projected to exceed 350,000 residents by 2030 and is included in the Tampa-St. Petersburg-Clearwater MSA.
Financial Insights
Value Estimation Calculated for Healthcare Medical
Conservative
$497.2K
NOI $44,747 @ 9.00% cap · cautious / downside scenario
Moderate
$639.2K
NOI $44,747 @ 7.00% cap · market / base-case scenario
Aggressive
$894.9K
NOI $44,747 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Healthcare Medical
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.3k | $26.04 |
| − Vacancy | −$8.7k | −$2.73 |
| EGI | $74.6k | $23.31 |
| − OpEx | −$29.8k | −$9.32 |
| NOI | $44.7k | $13.98 |
3,200 SF · lease $26.04/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Use Scenarios
Best Use
Healthcare Medical
$639.2K
$559.3K – $745.8K
NOI $44,747 @ 7.0% cap · market cap 6.40%
Second Best
Office B
$481.4K
$421.2K – $561.6K
NOI $33,696 @ 7.0% cap · market cap 4.82%
Theoretical Best
Specialty Retail
$719.0K
$629.2K – $838.9K
NOI $50,332 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Overall Supply Inc
Department Store
Location Insight
- Map
- Local Demand
- City
- Inverness
- County
- Citrus
- State
- Florida
- Longitude
- -82.363703
- Latitude
- 28.8421
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Fully renovated office building on State Road 44.
Where is this office building located?
The property is located at 2519 W Highway 44 Inverness, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Corporate‑guaranteed NNN lease with 2.5% annual rent increases and two 3‑year renewal options provides strong passive income.; Prime location on State Road 44 (29,500 AADT) in Citrus County, one of Florida's fastest‑growing areas.; Fully renovated 3,200 SF executive office building suitable for professional or medical use.
