Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2968 E Queens Court Inverness, FL 34453

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at 2968 E Queens Court, Inverness, FL
    For Sale
    $37,500

    LAND - Inverness, FL

    Lot size:
    0.51 Acres
    Added:
    Nov 15, 2024
    Days on Market:
    518
    Last Refresh:
    Apr 17 at 3:06 am

    Property Features for 2968 E Queens Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    MDR
    Standard status
    Active
    APN
    2002123
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    THE KINGS FOREST PB 11 PG 148 LOT 18 DESC IN OR BK 921 PG 216
    Tax Annual Amount
    139

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Louis Newman
    Louis Newman

    Listing agent Louis Newman License #3411168

    Listing office Keller Williams Realty - Elite Partners II 105 W Main St, Spring hill, FL

    Listing date Nov 15, 2024

    MLS# 839185 Listing URL

    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

    Residential Land Parcel in Inverness

    This 0.51-acre parcel is located near Crystal River and Inverness. It is situated in an X flood zone with a minimum elevation of 67 ft, according to county records. The property is located on a county-paved road and has available high-speed internet. Electric connections are nearby. The zoning is MDR, which may allow for other development opportunities. A fire hydrant is located extremely close to the property, which could provide potential future homeowner insurance savings.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Kitchen & Bath Showroom Department Store HVAC Service Electronics & Wireless Store Plumbing Service Arcade & Gaming Center Pet Grooming Service (Bike/Boat/Book/etc) Store Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Inverness
    County
    Citrus
    State
    Florida
    Longitude
    -82.385046
    Latitude
    28.882005

    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
    • $315,000

      Income-Producing Commercial Asset on US-41

      Fully occupied commercial building with stable cash flow in Inverness, FL.
      3287 S Florida Avenue, Inverness, FL 34450
      View Details
    • $315,000

      Commercial Building Ready For Occupancy

      Service/retail space on US Highway 41 in Citrus County, FL.
      3275 S Florida Avenue, Inverness, FL 34450
      View Details
    • $400,000

      Prime Commercial Land on SR 44

      High-exposure commercial development site on SR 44 in Inverness, FL.
      2514 Highway 44 W, Inverness, FL 34453
      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
    • $269,000

      Downtown Inverness Commercial Land Parcel

      Vacant commercial land in Downtown Inverness with development potential.
      116 DR MARTIN LUTHER KING JR AVE, 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
    • $335,000

      Inverness Commercial Property on SR 44

      Renovated commercial property with lake access and high visibility.
      8929 E Gulf To Lake Highway, Inverness, FL 34450
      View Details
    • $13,900

      Inverness Land Opportunity

      0.63-acre lot in a rapidly growing Florida city.
      115 S CRESTVIEW AVENUE, INVERNESS, FL 34452
      View Details
    • $14,900

      Inverness, FL Land Opportunity

      0.63-acre lot suitable for construction and development in Inverness, FL.
      115 S Crestview Avenue, Inverness, FL 34452
      View Details
    • $9,000

      Inverness Land Ready For Development

      Two cleared, buildable lots near downtown Inverness, Florida.
      2309 Garfield Street, Inverness, FL 34453
      View Details
    • $9,000

      Inverness Vacant Land Opportunity

      Two cleared, buildable lots near downtown Inverness, Florida.
      2309 Garfield St, Inverness, FL 34453
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.51-acre parcel near Crystal River and Inverness.
    Where is this residential land & home lot located?
    The property is located at 2968 E Queens Court Inverness, FL.
    What is the asking price?
    The asking price for this property is $37,500.
    What are key features of this property?
    This property features: .51‑acre parcel in X flood zone with a minimum elevation of 67 ft.; Close proximity to Crystal River, Inverness, I‑75, and Suncoast Parkway.; Zoned MDR, potentially opening up development opportunities.
    (352) 870-4622
    We can help!
    Listing Contact
    Louis Newman
    Louis Newman
    Real Estate License ID: 3411168
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!