Self Storage Facility with
315 Hendrix Avenue Inverness, FL 34450
315 Hendrix Avenue, Inverness, FL, 34450
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For Sale
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Self storage facility with 50 storage units and a connected apartment, served by city water and utilities.
Property Size10,400 SF
Lot Size0.73 Acres
Price / SF$100.96
Days on Market79
Property Features for 315 Hendrix Avenue
General Information
- Standard status
- Active
- Size
- 10,400 SF
- Lot size
- 0.73 Acres
- Property subtype
- Self Storage
Building Details
- Year Built
- 1989
Listing agency
ACRE Expert LLC
Listed by
Drew Attias · License #Florida
Source
Crexi
Added: May 4 Updated: Jul 21 at 4:19AM Checked: Jul 21 at 4:19AM
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 ACRE Expert LLC
Investment Insights
Based on property information with market context.
This self storage facility includes 50 storage units plus one apartment. The building totals 10,400 square feet, situated on a 0.73-acre parcel with road access. Utilities are in place with city water and connected electric, and sewer service is connected as well.
The property is located at 315 Hendrix Avenue in Inverness, Florida, within Citrus County. The parcel is designated with zoning noted in the listing data and is marked as being outside the flood zone with no wetlands reported.
The current configuration combines on-site living space with a storage-focused unit count, which can support an operator presence for day-to-day management.
The property is located at 315 Hendrix Avenue in Inverness, Florida, within Citrus County. The parcel is designated with zoning noted in the listing data and is marked as being outside the flood zone with no wetlands reported.
The current configuration combines on-site living space with a storage-focused unit count, which can support an operator presence for day-to-day management.
Key Highlights
- Self‑storage facility built in 1989 with 50 storage units
- Includes a connected apartment on‑site
- Building size: 10,400 SF; land size: 0.73 acres
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $137.3k | $13.20 |
| − Vacancy | −$11.0k | −$1.06 |
| EGI | $126.3k | $12.14 |
| − OpEx | −$37.9k | −$3.64 |
| NOI | $88.4k | $8.50 |
10,400 SF · lease $13.20/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$1.26M
$1.11M – $1.47M
NOI $88,408 @ 7.0% cap · market cap 8.42%
Second Best
Warehouse
$1.08M
$944.8K – $1.26M
NOI $75,582 @ 7.0% cap · market cap 7.20%
Theoretical Best
Specialty Retail
$2.34M
$2.04M – $2.73M
NOI $163,580 @ 7.0% cap · market cap 15.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Self storage facility with 50 storage units and a connected apartment, served by city water and utilities.
Where is this self storage facility located?
The property is located at 315 Hendrix Avenue Inverness, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Self‑storage facility built in 1989 with 50 storage units; Includes a connected apartment on‑site; Building size: 10,400 SF; land size: 0.73 acres
