Office Suite with High
111 W MAIN STREET #312, Inverness, FL 34450
For Sale
New
Contact for pricing
A third-floor workspace occupies a historic building in downtown Inverness, near shops, dining and entertainment.
Property Size105 SF
Price / SF$34.29
Days on Market4
Property Features for 111 W MAIN STREET #312
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Property Use
Building Details
Year Built
Listing Agency:
GRANT REALTY
(352) 419-9380
Listed By:
Ashtan Richey · License #3394172
(727) 642-7273
Source:
Endlesssummerrealty
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 7:57AM
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 105-square-foot office room is on the third floor of a historic building constructed in 1925. High ceilings add vertical space to the compact suite, which is located at 111 W Main Street in downtown Inverness.
Shops, restaurants and entertainment are nearby. The property offers a small office setting within the area’s historic downtown district.
Shops, restaurants and entertainment are nearby. The property offers a small office setting within the area’s historic downtown district.
Key Highlights
- 105 sq ft MOL office room on the third floor
- High ceilings in a historic building constructed in 1925
- Downtown Inverness address near shops, restaurants and entertainment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,106
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,120
$22.1K
Cap Rate 7%
$15,800
$15.8K
Cap Rate 9%
$12,289
$12.3K
Market Conditions
NOI Build-Up for 105 SF
Gross rent
$1.9K $18.00/SF
− Vacancy
−$416 −$3.96/SF
EGI
$1.5K $14.04/SF
− OpEx
−$369 −$3.51/SF
NOI
$1.1K $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%
$22,120
Cap Rate 7%
$15,800
Cap Rate 9%
$12,289
Alternative Uses
Best Use
Office B
$15.8K
$13.8K – $18.4K
NOI $1,106 @ 7.0% cap · market cap 30.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$23.6K
$20.7K – $27.5K
NOI $1,652 @ 7.0% cap · market cap 45.89%
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 third-floor workspace occupies a historic building in downtown Inverness, near shops, dining and entertainment.
Where is this office unit located?
The property is located at 111 W MAIN STREET #312 Inverness, FL.
What are key features of this property?
This property features: 105 sq ft MOL office room on the third floor; High ceilings in a historic building constructed in 1925; Downtown Inverness address near shops, restaurants and entertainment
