Historic Office
111 W MAIN STREET #202, Inverness, FL 34450
For Sale
New
Contact for pricing
A second-floor workspace with high ceilings occupies a historic building in downtown Inverness.
Property Size249 SF
Price / SF$28.92
Days on Market4
Property Features for 111 W MAIN STREET #202
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Property Use
Amenities
0.15 acres
Public Sewer
Additional parcels description:, Parcel Number: ALTKEY: 1756022, Public Survey Section: 1, Annual Amount: $25,458.8, Tax Block: 101, Tax Book Number: 20, Legal Description: TOWN OF INVERNESS PB 1 PG 20 & PB 1 PG 36 LOT 1 & W 17 FT
OF LOT 27 BLK 101 LESS PCL 168 LYING WITHIN FOL DESC BDRY:
COM AT NAIL & CAP MARKING NE COR OF LOT 18 BLK 101 IN PB 1
PG 20, TH AL E BDRY OF SD BLK 101 (BEING ALSO EXISTING W
'LY R/W LN OF APOPKA AVE A 100 FT PLATTED ST) N 0 DEG 26M
43S W 20.22 FT FOR POB, TH N 44 DEG 17M 38S W 20.52 FT TO
BEG OF CURVE CONC SW'LY HAVING RAD OF 476 FT & BEING SUBT
ENDED BY CHORD BEARIING OF N 81 DEG 27M 57S W, TH W'LY AL
ARC OF SD CURVE THRU CTRL ANG OF 17 DEG 31M 37S 145.61 F T,
TH S 89 DEG 46M 15S W 110.96 FT TO BEG OF CURVE CONC N'LY
HAVING RAD OF 564 FT & BEING SUBT BY CHORD BEARING OF N 88
DEG 6M 23S W, TH W'LY AL ARC OF SD CURVE THRU CTRL ANG OF 4
DEG 15M 20S 41.89 FT, TH S 65 DEG 20M 43 S W 14.24 FT TO W., Lengthy Legal, Lot: 1, Year: 2026, Zoning: CBD
Central Air
Listing ID: MFRCC870053, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-11-04
Built in 1925, Living area: 249, Living area units: Square Feet, Construction Materials: Brick
MLS Area (Major): 34450 - Inverness, County/Parish: Citrus
Leasable area: 249
Water Source: Public
Brick/Mortar
Electricity, Internet, Sewer, Water
Allowed: No
Internet, Insurance, Security, Telephone
Indoor Air Quality: No Smoking-Interior Buildg
Frontage Type: Highway, Road Surface: Paved
Building Details
Year Built
Listing Agency:
GRANT REALTY
(352) 419-9380
Listed By:
Ashtan Richey · License #3394172
(727) 642-7273
Source:
Miharaandassociates
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 7:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GRANT REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 249-square-foot (MOL) office room is on the second floor of a historic building. High ceilings add vertical space to the suite, which is located at 111 W Main Street in downtown Inverness.
The building dates to 1925 and is surrounded by downtown shops, restaurants, and entertainment venues.
The building dates to 1925 and is surrounded by downtown shops, restaurants, and entertainment venues.
Key Highlights
- 249 sq ft (MOL) office room
- Second‑floor location
- High ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,622
Suggested Prices Based on Cap Rates
Cap Rate 5%
$52,440
$52.4K
Cap Rate 7%
$37,457
$37.5K
Cap Rate 9%
$29,133
$29.1K
Market Conditions
NOI Build-Up for 249 SF
Gross rent
$4.5K $18.00/SF
− Vacancy
−$986 −$3.96/SF
EGI
$3.5K $14.04/SF
− OpEx
−$874 −$3.51/SF
NOI
$2.6K $10.53/SF
Area
Citrus County, FL
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$52,440
Cap Rate 7%
$37,457
Cap Rate 9%
$29,133
Alternative Uses
Best Use
Office B
$37.5K
$32.8K – $43.7K
NOI $2,622 @ 7.0% cap · market cap 36.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$55.9K
$49.0K – $65.3K
NOI $3,916 @ 7.0% cap · market cap 54.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Explore this area
Business Placement
Demographics for 34450, FL
10,788
Population
6,642
Households
1.6
Avg Household Size
59
Median Age
25%
College-Educated
92%
High-School Grad
31.2 sq mi
ZIP Area
346
Density / Sq Mi
$48,955
Median Household Income
$39,409
Median Earnings
$973
Median Rent
$210,200
Median Home Value
Market
Average Price Trend$/SF for Office Units in Citrus County, FL
Properties on Market for Office Units in Citrus County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A second-floor workspace with high ceilings occupies a historic building in downtown Inverness.
Where is this office unit located?
The property is located at 111 W MAIN STREET #202 Inverness, FL.
What are key features of this property?
This property features: 249 sq ft (MOL) office room; Second‑floor location; High ceilings
