Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Land on Highway 44 Title is generated by Realmo AI

    2524 W Hwy 44, Inverness, FL 34453

    View on Map
    Claim this Listing
    Picture of Retail space at 2524 W Hwy 44, Inverness, FL
    For Sale
    $2,000,000

    LAND - Inverness, FL

    Lot size:
    2.00 Acres
    Added:
    Feb 19, 2024
    Days on Market:
    811
    Last Refresh:
    May 10 at 1:06 am

    Property Features for 2524 W Hwy 44

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GNC
    Standard status
    Active
    APN
    2894938
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    CITRUS COUNTY PROPERTY APPRAISER ALT KEYS--2894938-1689465-1689457
    Tax Annual Amount
    15273

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well, Public

    We can help!

    Listing Contact
    Diana G Marcum
    Diana G Marcum

    Listing agent Diana G Marcum License #128665

    Listing office Diana G.Marcum P.A. 2228 E Hampshire St, inverness, FL

    Listing date Feb 19, 2024

    MLS# 831252

    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

    • Prime location with 300 feet of frontage on Hwy 44.
    • 1.9 acre parcel of land.
    • Great traffic flow suitable for drive‑through service.
    • Unlimited potential for various business ventures (restaurant, retail, offices).
    • Rear access on Forest Drive.
    • Existing buildings on the property.

    Overview

    This 1.9-acre property presents an opportunity to establish a business in a prime location. It features 300 feet of frontage on Highway 44 and rear access on Forest Drive. The property is zoned GNC and is located in Inverness, Florida. The site is suitable for businesses needing high traffic flow and drive-through service. The land can accommodate the construction of new facilities for restaurants, retail spaces, or offices, or the existing buildings can be utilized. Located in Citrus County, this parcel offers various possibilities for business ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Enterprise Truck Rental Car Rental Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Inverness
    County
    Citrus
    State
    Florida
    Longitude
    -82.363688
    Latitude
    28.84311

    Nearby Similar for Sale

    • $999,000

      Prime Commercial Opportunity on US Hwy

      Highly visible corner lot with excellent frontage and strong exposure.
      525 S Us Highway 41, Inverness, FL 34450
      View Details
    • $210,000

      High-Visibility Office Building on S.R. 44

      Turnkey office building with high visibility and convenient access.
      7936 E Gulf To Lake Highway, Inverness, FL 34450
      View Details
    • $245,000
      1,530 SF

      Inverness Income-Producing Duplex For Sale

      Income-producing duplex near Downtown Inverness with recent updates.
      512 Long Avenue, Inverness, FL 34453
      View Details
    • $780,000
      2,750 SF

      Auto Repair Business and Real Estate

      Established auto repair business with real estate for sale.
      3190 S FLORIDA Ave, Inverness, FL 34450
      View Details
    • $315,000
      2,090 SF

      Income-Producing Commercial Asset For Sale

      Fully occupied commercial building in a growing Florida market.
      3287 S FLORIDA Ave, Inverness, FL 34450
      View Details
    • $315,000
      1,920 SF

      Commercial Building on US Highway

      Retail/service space in Citrus County, ready for immediate occupancy.
      3275 S FLORIDA Ave, Inverness, FL 34450
      View Details
    • $1,200,000
      5,400 SF

      Waterfront Apartments on Gulf to Lake

      Renovated waterfront apartments with potential for high income.
      1259 S ELMWOOD Drive, Inverness, FL 34450
      View Details
    • $499,900

      Turn-Key Restaurant on Highway 41

      Fully equipped restaurant with expansion potential on high-visibility highway.
      859 US HWY 41 SOUTH, Inverness, FL 34450
      View Details
    • $699,000
      3,200 SF

      Renovated Office Building on Highway

      Fully renovated 3,200 SF office building on 0.71 acres.
      2519 W Highway 44, Inverness, FL 34453
      View Details
    • $1,200,000
      3,266 SF

      Established Restaurant in Inverness, FL

      Thriving restaurant on Highway 41, a community staple for 17 years.
      104 US HIGHWAY 41 S, INVERNESS, FL 34450
      View Details
    • $1,200,000
      3,266 SF

      Thriving Restaurant in Inverness, FL

      Established restaurant for sale in historic Inverness, Florida.
      104 US HIGHWAY 41 S, INVERNESS, FL 34450
      View Details
    • $699,000

      Renovated Executive Office Building Investment

      Fully renovated office building on State Road 44.
      2519 W Highway 44, Inverness, FL 34453
      View Details

    FAQs

    What type of property is this?
    Retail space - 1.9 acres with highway frontage, ideal for various businesses.
    Where is this retail space located?
    The property is located at 2524 W Hwy 44 Inverness, FL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: Prime location with **300 feet of frontage on Hwy 44**.; 1.9 acre parcel of land.; Great traffic flow suitable for drive‑through service.
    (352) 341-0900
    We can help!
    Listing Contact
    Diana G Marcum
    Diana G Marcum
    Real Estate License ID: 128665
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2524 W Hwy 44, Inverness, FL 34453
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!