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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Retail space
101 Main St Inverness, FL 34450-4852
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-0621044
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,160 SF
Lot
0.18 ac (7,801 SF)
Zoning code
CBD CENTRAL BUSINESS DIST
APN
20E-19S-17-0050-01010-025.0
UPID
US18-0621044
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$808k
Blend (final)
Blend
$790k
Owner & transaction history
Pro Sales Investments LLC · 9 yrs held
Pro Sales Investments LLC
since 2016
5 recorded transactions
Zoning & alternative use
CBD CENTRAL BUSINESS DIST · Inverness, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+52.0%
Office building
$1.0M
+21.5%
Commercial (general)
$1.0M
+20.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Inverness submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Inverness submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
RETAIL STORES
$855,000
Current use
MEDICAL BUILDING
$1,300,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$1,040,000
Change: +21% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,030,000
Change: +21% · Conversion: Easy
AUTO REPAIR, GARAGE
$770,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$128 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,598
Tax year 2023
Assessed value
$523,480
Assessed 2023
Previous assessed
$509,310
+2.8% YoY
Effective rate
2.22%
On assessed value
Assessed land
$130,530
Assessed improvement
$392,950
Land market value
$130,530
Improvement market value
$392,950
Total market value
$523,480
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
4
Total area
6,160 SF
Lot
0.18 ac (7,801 SF)
Zoning code
CBD CENTRAL BUSINESS DIST
APN
20E-19S-17-0050-01010-025.0
UPID
US18-0621044
Jurisdiction
CITRUS
Zoning & alternative use
CBD CENTRAL BUSINESS DIST · Inverness, FL
Zoning CBD CENTRAL BUSINESS DIST · permitted uses
CBD CENTRAL BUSINESS DIST · Inverness, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Inverness. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$855,000
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$770,000
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
0.18 ac
Current owner
From public records · entity-resolved
Pro Sales Investments LLC
Entity
Mailing address
PO BOX 1434, LECANTO, FL 34460-1434
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2016
$505,000
Pro Sales Investments LLC
Lathrop R/e Holdings LLC
Warranty Deed
—
Apr 1, 2014
$340,000
Real Estate Holdings L Lathrop
Mallard Land Dev Corp INC
Warranty Deed
—
Mar 13, 2006
—
Mallard Land Dev Corp INC
—
Trustees Deed
related
$200,152 · First National Bank
Feb 1, 2000
$20,500
Mallard Land Development Corp
Bank Of Inverness
Grant Deed
—
—
—
Mallard Land Dev Corp INC
—
Deed Of Trust
related
$756,682 · Suntrust Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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