Office Building with Highway
2303 Highway 44 W, Inverness, FL 34453
For Sale
$670,000
Commercial Sale, Inverness, FL
Property Size1,854 SF
Lot Size2.90 Acres
Price / SF$361.38
Days on Market224
Property Features for 2303 Highway 44 W
General Information
Property type
Property subtype
Zoning
Parking features
Lot features
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
lobby/waiting room
conference space
kitchen area
reception area
bathrooms
ramp
Building Details
Year built
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
ALEXANDER REAL ESTATE, INC.
(352) 795-6133
Listed By:
Joseph Alexander · License #3065029
(813) 419-3736
Added: Mar 30
Changed: Nov 8
Last Checked: Nov 8 at 5:06AM
MLS# CC853551
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on 2.9 acres, this office property includes an 1,854-square-foot building constructed in 1985. Its interior provides a reception area, waiting space, conference room, kitchen, three additional office rooms, and two bathrooms, one of which is accessible. Ramps connect the parking area and building entrance. The structure is concrete block, with HVAC installed in 2021 and public water service.
The commercial-zoned frontage covers approximately 0.36 acres and extends 80 feet along SR 44, also known as Gulf to Lake Highway. The balance of the land is zoned LDR. A restaurant and a professional office are adjacent uses. The property is east of a retail cluster and west of downtown Inverness and a hospital.
The commercial-zoned frontage covers approximately 0.36 acres and extends 80 feet along SR 44, also known as Gulf to Lake Highway. The balance of the land is zoned LDR. A restaurant and a professional office are adjacent uses. The property is east of a retail cluster and west of downtown Inverness and a hospital.
Key Highlights
- 2.9‑acre property with an existing 1,854‑square‑foot office building
- Approximately 0.36 acres of commercial‑zoned land with 80 feet of SR 44 frontage
- Remaining land is zoned LDR
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,523
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,460
$390.5K
Cap Rate 7%
$278,900
$278.9K
Cap Rate 9%
$216,922
$216.9K
Market Conditions
NOI Build-Up for 1,854 SF
Gross rent
$33.4K $18.00/SF
− Vacancy
−$7.3K −$3.96/SF
EGI
$26.0K $14.04/SF
− OpEx
−$6.5K −$3.51/SF
NOI
$19.5K $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%
$390,460
Cap Rate 7%
$278,900
Cap Rate 9%
$216,922
Alternative Uses
Best Use
Office B
$278.9K
$244.0K – $325.4K
NOI $19,523 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$416.6K
$364.5K – $486.0K
NOI $29,161 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 34453, FL
10,964
Population
5,628
Households
1.9
Avg Household Size
54
Median Age
19%
College-Educated
94%
High-School Grad
27.1 sq mi
ZIP Area
405
Density / Sq Mi
$58,064
Median Household Income
$33,341
Median Earnings
$1,046
Median Rent
$174,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Citrus County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - An existing office with accessible entry, public water, and commercial zoning along its highway frontage.
Where is this office building located?
The property is located at 2303 Highway 44 W Inverness, FL.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: 2.9‑acre property with an existing 1,854‑square‑foot office building; Approximately 0.36 acres of commercial‑zoned land with 80 feet of SR 44 frontage; Remaining land is zoned LDR
