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    Inverness Land Opportunity Awaits Title is generated by Realmo AI

    8907 S Pleasant Grove Road, Inverness, FL 34452

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    Claim this Listing
    For Sale
    $94,900

    LAND - Inverness, FL

    Lot size:
    2.93 Acres
    Added:
    Dec 19, 2025
    Days on Market:
    168
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for 8907 S Pleasant Grove Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RUR
    Exterior features
    RoomForPool
    Standard status
    Active
    APN
    3525179
    Lot size
    2.93 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOTS 39 & 40 OF AN UNREC SUB OF S1/2 OF S1/2 OF NE1/4 AND NE1/4 OF SE1/4 AND EAST 30.00 FEET OF THE SOUTH 30.00 FEET OF THE NW1/4 OF SE1/4 AND PARTOF THE SOUTH 25.00 FEET OF THE NORTH 66.00 FEET OF THE SW1/4 OF THE SE1/4 EAST OF SR 581 AND THE EAS T 120.00 FEET OF THE NORTH 41.00 FEET OF THE SW1/4 OF THE SE1/4 EXCEPT THE R-O-W OF SR 581 OVER AND ACROSS THE WEST 1/2 OF THE SOUTH 1/2 OF THE SOUTH 1/2 OF THE NE1/4 OF SEC 24-20-19 --TITLE IN OR BK 541 PG 989 OR BK 743 PG 328 OR BK 772 PG 68 AND OR BK786 PG 647 ---2021 LESS AND EXCEPT: LOT 38 RANCHES OF INVERNESS DESCRIBED AS THE SOUTH 132.00 FEET OF THE NORTH 428.00 FEET OF THE SOUTH 1/2 OF THE SOUTH 1/2 OF THE NORTHEAST 1/4 OF SECTION 24-20-19 THAT LIES EAST OF COUNTY ROAD NO. C-581 LESS
    Tax Annual Amount
    909

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Jonathan Kennedy

    Listing agent Jonathan Kennedy License #3485946

    Listing office Coldwell Banker Investors Realty 314 W Main Street, Inverness, FL

    Listing date Dec 19, 2025

    MLS# 850786 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.

    HighLights

    • Nearly 3 acres of wooded, Rural‑zoned land
    • Located off a main county highway providing easy access to Brooksville and Inverness
    • Rural zoning allows for custom home design and construction
    • Offers privacy and a sense of space in a natural setting with mature trees
    • Opportunity for long‑term investment or private retreat
    • Adjoining property also for sale, offering a chance to acquire a total of 5 acres

    Overview

    This property features just under 3 acres of wooded land zoned Rural, offering privacy and convenience. Located off a main county highway, the parcel provides access to both Brooksville and Inverness. The natural setting includes mature trees and a sense of space. The Rural zoning allows for designing and building a custom home. This property is suitable for a homesite, a long-term investment, or a private retreat. The location is in Citrus County, in Inverness, Florida. The seller is offering the adjoining property as well, presenting an opportunity to acquire both lots for a combined 5-acre parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Center Auto Repair Shop Kitchen & Bath Showroom Furniture & Home Goods Garden Center Plumbing Service Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Inverness
    County
    Citrus
    State
    Florida
    Longitude
    -82.3599719
    Latitude
    28.7330134

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    FAQs

    What type of property is this?
    Land - Nearly 3 acres of wooded land in Florida's Nature Coast.
    Where is this land located?
    The property is located at 8907 S Pleasant Grove Road Inverness, FL.
    What is the asking price?
    The asking price for this property is $94,900.
    What are key features of this property?
    This property features: Nearly 3 acres of wooded, Rural‑zoned land; Located off a main county highway providing easy access to Brooksville and Inverness; Rural zoning allows for custom home design and construction
    (772) 633-1469
    We can help!
    Listing Contact
    Jonathan Kennedy
    Real Estate License ID: 3485946
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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.

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