Mixed-Use Property with Assembly
For Sale
Contact for pricing
4530 S Florida Ave, Inverness, FL 34450
Mixed-use acreage combines community-oriented improvements, a four-bedroom residence, commercial frontage, and accessory structures.
Property Size7,368 SF
Price / SF$169.52
Days on Market13
Property Features for 4530 S Florida Ave
General Information
Standard status
Active
Size
7,368 SF
Property subtype
Special Purpose, Land
Investment Type
Owner/User
Building Details
Year Built
2025
Buildings
3
Listing Agency:
CENTURY 21 J W Morton Real Estate, Inc
(352) 302-2340
Listed By:
Laura Grady · License #FL3147461
Source:
Crexi
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 28 at 9:12PM
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 CENTURY 21 J W Morton Real Estate, Inc
Investment Insights
Based on property information with market context.
This mixed-use property spans 12.17 acres and includes a 7,368-square-foot assembly facility, a four-bedroom residence completed in 2025, a detached commercial structure, and a 30' x 34' steel storage building. The assembly facility offers open interior space that can accommodate varied configurations. A commercial-grade smoker is included with the property.
Approximately 1.6 acres along US 41 provides commercial frontage and includes a 336-square-foot building formerly used for a BBQ operation. The property is located at 4530 S Florida Ave in Inverness, Florida. Potential applications identified for the site include educational, day care, assisted living, community organization, residential, worship, and other institutional uses, subject to Citrus County approval.
Approximately 1.6 acres along US 41 provides commercial frontage and includes a 336-square-foot building formerly used for a BBQ operation. The property is located at 4530 S Florida Ave in Inverness, Florida. Potential applications identified for the site include educational, day care, assisted living, community organization, residential, worship, and other institutional uses, subject to Citrus County approval.
Key Highlights
- 12.17‑acre mixed‑use property with existing commercial, residential, and accessory improvements
- 7,368‑square‑foot assembly facility with substantial open interior space
- Four‑bedroom residence completed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,006
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,380,120
$1.4M
Cap Rate 7%
$985,800
$985.8K
Cap Rate 9%
$766,733
$766.7K
Market Conditions
NOI Build-Up for 7,368 SF
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.
Gross rent
$119.4K $16.20/SF
− Vacancy
−$9.0K −$1.22/SF
EGI
$110.4K $14.99/SF
− OpEx
−$41.4K −$5.62/SF
NOI
$69.0K $9.37/SF
Area
Citrus County, FL
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,380,120
Cap Rate 7%
$985,800
Cap Rate 9%
$766,733
Alternative Uses
Best Use
Mixed Use
$985.8K
$862.6K – $1.15M
NOI $69,006 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,890 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
60
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use acreage combines community-oriented improvements, a four-bedroom residence, commercial frontage, and accessory structures.
Where is this mixed-use property located?
The property is located at 4530 S Florida Ave Inverness, FL.
What is the asking price?
The asking price for this property is $1,249,001.
What are key features of this property?
This property features: 12.17‑acre mixed‑use property with existing commercial, residential, and accessory improvements; 7,368‑square‑foot assembly facility with substantial open interior space; Four‑bedroom residence completed in 2025
