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

    919 Ferncreek Ave Inverness, FL 34453

    Sponsored
    For Sale
    Contact for pricing

    LAND - Inverness, FL

    Lot size:
    0.26 Acres
    Days on Market:
    11
    Last Refresh:
    Mar 3 at 12:06 am

    Property Features for 919 Ferncreek Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LD
    APN
    1682592
    Lot size
    0.26 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Laura Grady
    Laura Grady

    Century21 J.W. Morton Real Estate, Inc (352) 726-6668

    Listing agent Laura Grady (352) 726-6668 License #3147461

    Listing date Feb 21, 2026

    MLS# 852402 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.

    Learn more

    Property Insight Report

    Overview

    Inverness Land for Residential Development

    This property offers a quarter of an acre (more or less) of land situated in a wooded area along a dirt road, providing a peaceful country setting with convenient access to downtown Inverness. Zoned LD, the land is suitable for residential development, offering an opportunity to build a dream home in a tranquil environment while remaining close to city amenities. Located in Citrus County, Florida, this property combines the serenity of rural living with the accessibility of urban conveniences.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Inverness
    County
    Citrus
    State
    Florida
    Longitude
    -82.352549
    Latitude
    28.85305

    Nearby Similar for Sale

    • $315,000
      Pending

      Commercial Building Ready For Occupancy

      Service/retail space on US Highway 41 in Citrus County, FL.
      3275 S Florida Ave, Inverness, FL 34450
      View Details
    • $335,000
      4,010 SF

      Inverness Commercial Property on SR 44

      Renovated commercial property with lake access and high visibility.
      8929 E Gulf To Lake Hwy, Inverness, FL 34450
      View Details
    • $699,000
      3,200 SF

      Renovated Office Building on State Road

      Fully renovated executive office building in Citrus County for sale.
      2519 Highway 44 W, Inverness, FL 34453
      View Details
    • $375,000
      1,600 SF

      Historic Downtown Inverness Landmark Home

      Rare, preserved property with high visibility and endless business potential.
      401 Tompkins St, Inverness, FL 34450
      View Details
    • New
      $315,000
      Pending

      Income-Producing Commercial Asset on US-41

      Fully occupied commercial building with stable cash flow in Inverness, FL.
      3287 S Florida Ave, Inverness, FL 34450
      View Details
    • $210,000
      1,215 SF

      High-Visibility Office Building on S.R. 44

      Turnkey office building with high visibility and convenient access.
      7936 E Gulf To Lake Hwy, Inverness, FL 34450
      View Details
    • $499,900
      0.77 Acres

      Turn-Key Restaurant on Highway 41

      Fully equipped restaurant with expansion potential on high-visibility highway.
      859 Us Highway 41 S, Inverness, FL 34450
      View Details
    • $1,400,000
      0.19 Acres

      Downtown Inverness Commercial Property For Sale

      Adaptable commercial space in vibrant downtown Inverness, suitable for various businesses.
      124 N Apopka Ave, Inverness, FL 34450
      View Details
    • $3,400,000
      0.15 Acres

      Prime Commercial Building in Inverness

      Commercial building in downtown Inverness, near government buildings and courthouse.
      101 Courthouse Sq, Inverness, FL 34450
      View Details
    • $1,100,000
      0.58 Acres

      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
    • $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

    FAQs

    What type of property is this?
    Residential land & home lot - Quarter acre residential land near downtown Inverness, Florida.
    Where is this residential land & home lot located?
    The property is located at 919 Ferncreek Ave Inverness, FL.
    What is the asking price?
    The asking price for this property is $8,600.
    What are key features of this property?
    This property features: - Large quarter-acre lot offers ample space.; - Combines country peace and quiet with city convenience.; - Located in a wooded area.
    (352) 302-2340
    Request Owner's contact information
    919 Ferncreek Ave Inverness, FL 34453
    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.
    919 Ferncreek Ave
    Inverness, FL 34453
    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
    919 Ferncreek Ave Inverness, FL 34453
    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

    We can help!
    Listing Contact
    Laura Grady
    Laura Grady
    Real Estate License ID: 3147461
    (352) 302-2340 (352) 726-6668
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!