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Property profile & analytics

102 Highland Blvd Inverness, FL 34452

  • Office buildings
  • 2,520 SF
  • 0.37 lot acres
Value Estimation
Location Intelligence
Property ID
US18-5309474
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • B&W Rexall Drugs / Pharmacy / Drug Store
  • William Snyder / Pharmacy
  • Wendy Ortiz / Pharmacy
  • Jessica E. Jarvis, PharmD / Pharmacy

Property Details for 102 Highland Blvd

Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.37 lot acres
Property size
2,520 SF
Zone code
C COMMERCIAL
Property type
Office buildings
APN
20E-19S-17-0050-00910-006.0
APU
20E19S170050009100060

Description

This exceptional 2,520 square foot commercial office building presents a unique investment opportunity in the thriving city of Inverness, Florida. Strategically situated at a prominent four-way intersection within city limits, this stand-alone structure boasts high visibility and accessibility. Constructed of durable concrete block and stucco, the building is conveniently located just three blocks from the HCA Citrus Memorial Hospital complex, ensuring a steady stream of potential clientele. Previously utilized as a pharmacy, the building offers dual entrances from both Highland Boulevard and Apopka Avenue, maximizing exposure and convenience. Significant upgrades have been implemented, including a new roof installed in 2014 and a new air conditioning system in 2013, ensuring efficient and cost-effective operation. All existing cabinetry and office furniture are included in the sale, providing a turnkey solution for a new owner. The 0.37-acre lot offers ample space for parking and potential expansion. In addition to the sale price of $450,000, the property is also available for lease at $16 per square foot, triple net (NNN), with a minimum three-year lease term and renewable options, subject to tenant qualification. This versatile property is ideal for a variety of commercial uses and represents a compelling investment opportunity in a rapidly growing area.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $290,000
  • CAP approach

    CAP return
    Estimation
    6%
    $260,000
    6.5%
    $255,000
    7%
    $260,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $250,000
    Geo Method
    $270,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $220,000
    Retail
    $260,000
    Mixed-Use
    $255,000
    Hospitality
    $225,000
    Educational
    $245,000
    Residential Income
    $270,000
    Energy
    $250,000
    Income-Based Land
    $205,000
    Food Service
    $220,000

Location Insight

  • Map
  • Local Demand
City
Inverness
County
Citrus
State
Florida
Longitude
-82.3298
Latitude
28.8325
CBSA code
26140
CBSA name
HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,641
$65,610
$234,140
$299,750
-
$65,610
$234,140
$299,750
More about this property
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