Mixed-Use Building with Bay
309 N Apopka Avenue, Inverness, FL 34450
For Sale
Contact for pricing
Commercial Sale, Inverness, FL
Property Size6,080 SF
Lot Size0.45 Acres
Price / SF$1.13
Days on Market63
Property Features for 309 N Apopka Avenue
General Information
Property type
Property subtype
Zoning
Parking features
Window features
Exterior features
Fencing
Lot features
View
Directions
Subdivision
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
Water front features
Water front
Amenities
gym
kitchen
showers
Building Details
Year built
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
HOME LAND REAL ESTATE INC
(352) 556-0909
Listed By:
Dawn Terrell · License FL #3455502
(336) 339-5386
Added: Sep 8
Changed: Nov 9
Last Checked: Nov 9 at 9:06PM
MLS# CC857742
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.
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 6,080-square-foot mixed-use commercial building combines warehouse space with air-conditioned gym, office, and support areas. The support space includes a full kitchen and bathrooms. Two 10-foot-by-10-foot bay doors face the front, with another bay door at the rear. A fenced outdoor storage area and additional open space are also on site. The building has single-phase power, central air, and heat-pump heating, and was built in 1973. Its 0.45-acre site is zoned Central Business District (CBD).
In downtown Inverness, the property is across from Liberty Park, Lake Henderson, and the Withlacoochee State Trail. Parking includes 12 shared on-site spaces, with street parking and a nearby public lot as additional options. Public water and sewer serve the property.
In downtown Inverness, the property is across from Liberty Park, Lake Henderson, and the Withlacoochee State Trail. Parking includes 12 shared on-site spaces, with street parking and a nearby public lot as additional options. Public water and sewer serve the property.
Key Highlights
- 6,080 SF building on a 0.45‑acre site
- Two 10' x 10' front bay doors and one rear bay door
- Zoned Central Business District (CBD)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,186
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,720
$883.7K
Cap Rate 7%
$631,229
$631.2K
Cap Rate 9%
$490,956
$491.0K
Market Conditions
NOI Build-Up for 6,080 SF
Gross rent
$54.7K $9.00/SF
− Vacancy
−$2.7K −$0.45/SF
EGI
$52.0K $8.55/SF
− OpEx
−$7.8K −$1.28/SF
NOI
$44.2K $7.27/SF
Area
Citrus County, FL
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$883,720
Cap Rate 7%
$631,229
Cap Rate 9%
$490,956
Alternative Uses
Best Use
Mixed Use
$813.5K
$711.8K – $949.1K
NOI $56,943 @ 7.0% cap
Second Best
Warehouse
$631.2K
$552.3K – $736.4K
NOI $44,186 @ 7.0% cap
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.59M
NOI $95,631 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
16 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
870
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building can serve one occupant or be configured as separate suites, with warehouse, conditioned, and support areas.
Where is this mixed-use property located?
The property is located at 309 N Apopka Avenue Inverness, FL.
What are key features of this property?
This property features: 6,080 SF building on a 0.45‑acre site; Two 10' x 10' front bay doors and one rear bay door; Zoned Central Business District (CBD)
