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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Assisted living facilities
109 Seminole Ave Inverness, FL 34450-4148
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-8894199
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1905
Construction
WOOD
Total area
25,004 SF
Lot
0.7 ac (30,374 SF)
Zoning code
CBD CENTRAL BUSINESS DIST
APN
20E-19S-17-0010-00010-014.0
UPID
US18-8894199
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
Current use
Occupant on record · Public records
-
Crown Court Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$312k
Blend (final)
Blend
$500k
Owner & transaction history
Ericas Equities INC · 9 yrs held
Ericas Equities INC
since 2016
7 recorded transactions
Zoning & alternative use
CBD CENTRAL BUSINESS DIST · Inverness, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$545,000
Current use
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$20 / 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
$30,870
Tax year 2023
Assessed value
$1,393,270
Assessed 2023
Previous assessed
$1,356,991
+2.7% YoY
Effective rate
2.22%
On assessed value
Assessed land
$117,110
Assessed improvement
$1,276,160
Land market value
$117,110
Improvement market value
$1,276,160
Total market value
$1,393,270
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1905
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
36
Total area
25,004 SF
Lot
0.7 ac (30,374 SF)
Zoning code
CBD CENTRAL BUSINESS DIST
APN
20E-19S-17-0010-00010-014.0
UPID
US18-8894199
Jurisdiction
CITRUS
Zoning & alternative use
CBD CENTRAL BUSINESS DIST · Inverness, FLZoning 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
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$545,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1905
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
36
Lot
0.7 ac
Current owner
From public records · entity-resolved
Ericas Equities INC
Entity
Mailing address
109 N SEMINOLE AVE, INVERNESS, FL 34450-4148
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2025
—
Vseva Crown Court LLC
—
Deed
related
$1,000,000 · Ericas Equities INC
Apr 6, 2020
—
Ericas Equities INC
—
Deed
related
$1,800,000 · Capital Cty Bk
Aug 25, 2016
—
Ericas Equities INC
Cary S Jensen
Quit Claim Deed
related
$1,150,000 · Iberiabank
May 6, 2004
$900,000
Cary S Jensen
Small Business Loan Source INC
Grant Deed
$700,000 · Community National Bank Pasco
Dec 3, 2001
$135,000
Alternative Health Care INC
Crown Hotel Partnership
Grant Deed
$1,150,000 · Small Business Loan Source INC
—
—
Cary S Jensen
—
Deed Of Trust
related
$50,000 · Central Florida State Bank
—
—
Cary S Jensen
—
Deed Of Trust
related
$1,351,000 · International Bank Of Miami
—
—
Ericas Equities INC
—
Deed Of Trust
related
$1,800,000 · Capital Cty Bk
—
—
Cary S Jensen
—
Deed Of Trust
related
$100,000 · Community National Bank Pasco
—
—
Cary S Jensen
—
Deed Of Trust
related
$50,000 · Community National Bank
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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