Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Inverness Highlands Commercial Land Opportunity Title is generated by Realmo AI

    709 S SMITH Ave, Inverness, FL 34453

    View on Map
    Claim this Listing
    For Sale
    $35,000

    Commercially zoned lot near SR 44, high visibility.

    Type:Land
    Lot size:
    0.25 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    188
    Last Refresh:
    May 10 at 11:34 pm

    Property Features for 709 S SMITH Ave

    General Information

    Standard status
    Active
    Lot size
    0.25 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    David Plasencia, LLC

    Listing agent David Plasencia, LLC

    Listing office

    Listing date Nov 27, 2025

    Source Elliman

    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 David Plasencia, LLC

    HighLights

    • Prime commercial location near SR 44 (Gulf to Lake Highway) offering high visibility and easy accessibility.
    • Zoned GNC, providing flexible options for retail, office, or service‑based businesses.
    • Located in a growing area of Citrus County, ideal for entrepreneurs and developers.
    • Close proximity to downtown Inverness, major retailers, medical facilities, and residential communities.
    • .25‑acre lot suitable for establishing a commercial presence.
    • Fantastic investment opportunity in a thriving market.

    Overview

    This 0.25-acre commercially zoned (GNC) lot is positioned near SR 44 (Gulf to Lake Highway), offering high visibility and accessibility in a growing area of Citrus County. The location is near downtown Inverness, major retailers, medical facilities, and residential communities. This lot is suited for a variety of commercial uses, including retail, office space, or service-based businesses. It is an investment opportunity for entrepreneurs and developers looking to establish a presence in a thriving market and secure a commercial location in one of Inverness' high-traffic corridors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Inverness
    County
    Citrus
    State
    Florida
    Longitude
    -82.3781
    Latitude
    28.8519

    Nearby Similar for Sale

    • $999,000
      2,392 SF

      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
    • $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
      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 Highway, Inverness, FL 34450
      View Details
    • $175,000
      1,084 SF

      Established Turnkey Restaurant Opportunity

      Turnkey restaurant with loyal customer base and catering business.
      3360 E GULF TO LAKE HIGHWAY, INVERNESS, FL 34453
      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
    • $13,800

      Inverness Land Opportunity

      0.63-acre lot in a rapidly growing Florida city.
      115 S CRESTVIEW AVENUE, INVERNESS, FL 34452
      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
    • $780,000
      2,750 SF

      Auto Repair Business and Real Estate

      Established auto repair business with real estate for sale.
      3190 S FLORIDA Ave, Inverness, FL 34450
      View Details
    • $1,200,000
      5,400 SF

      Waterfront Apartments on Gulf to Lake

      Renovated waterfront apartments with potential for high income.
      1259 S ELMWOOD Drive, Inverness, FL 34450
      View Details
    • $13,800

      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
    • $315,000
      2,090 SF

      Income-Producing Commercial Asset For Sale

      Fully occupied commercial building in a growing Florida market.
      3287 S FLORIDA Ave, Inverness, FL 34450
      View Details
    • $10,000

      Inverness Wooded Homesite Opportunity

      Wooded 0.30-acre lot in Inverness, close to amenities.
      112 S Crestview Avenue, Inverness, FL 34452
      View Details

    FAQs

    What type of property is this?
    Land - Commercially zoned lot near SR 44, high visibility.
    Where is this land located?
    The property is located at 709 S SMITH Ave Inverness, FL.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: Prime commercial location near SR 44 (Gulf to Lake Highway) offering high visibility and easy accessibility.; Zoned GNC, providing flexible options for retail, office, or service‑based businesses.; Located in a growing area of Citrus County, ideal for entrepreneurs and developers.
    (407) 579-9369
    We can help!
    Listing Contact
    David Plasencia, LLC
    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

    Thank You for Inquiry
    709 S SMITH Ave, Inverness, FL 34453
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!