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    Property profile & analytics

    121 Florida Ave Inverness, FL 34453-1681

    • Strip malls
    • 4,600 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Location Intelligence
    Property ID
    US18-0223890
    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

    • Panache Paw Spa and Boutique / Pet Groomer
    • Colonial Self Storage / Self-Storage Facility
    • Life Skills Classes, Thrift & Resell Shop / Thrift Store
    • Citrus Smoke Store / Smoke Shop

    Property Details for 121 Florida Ave

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.73 lot acres
    Property size
    4,600 SF
    Zone code
    GNC GEN COMMERCIAL
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    20E-19S-06-0020-00140-004.0
    APU
    20E19S060020001400040

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $350,000
      6.5%
      $345,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $430,000
      Retail
      $355,000
      Mixed-Use
      $365,000
      Hospitality
      $380,000
      Educational
      $380,000
      Residential Income
      $425,000
      Energy
      $435,000
      Income-Based Land
      $350,000
      Food Service
      $335,000

    Location Insight

    • Map
    • Local Demand
    City
    Inverness
    County
    Citrus
    State
    Florida
    Longitude
    -82.3526
    Latitude
    28.8628
    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
    $5,048
    $47,060
    $250,140
    $297,200
    -
    $47,060
    $250,140
    $297,200

    Comparable in this City

    • Value Estimation
      $895,000
      6,400 SF

      3850 Gulf To Lk Hwy

      SHOPPING CENTER, STRIP CENTER • 6,400 SF
      3850 Gulf To Lk Hwy, Inverness, FL 34453-3251
      View Details
    • Value Estimation by Request
      14,000 SF

      2008 Hwy 44th W

      SHOPPING CENTER, STRIP CENTER • 14,000 SF
      2008 Hwy 44th W, Inverness, FL 34453-3804
      View Details
    • Value Estimation by Request
      20,360 SF

      3780 Gulf To Lk Hwy

      SHOPPING CENTER, STRIP CENTER • 20,360 SF
      3780 Gulf To Lk Hwy, Inverness, FL 34453-3203
      View Details
    • Value Estimation
      $245,000
      3,750 SF

      4982 Tile Ct

      SHOPPING CENTER, STRIP CENTER • 3,750 SF
      4982 Tile Ct, Inverness, FL 34453-1029
      View Details
    • Value Estimation
      $325,000
      5,000 SF

      2500 Hwy 44th W

      SHOPPING CENTER, STRIP CENTER • 5,000 SF
      2500 Hwy 44th W, Inverness, FL 34453-3723
      View Details
    • Value Estimation
      $175,000
      3,200 SF

      3221 Thomas St

      SHOPPING CENTER, STRIP CENTER • 3,200 SF
      3221 Thomas St, Inverness, FL 34453-3242
      View Details

    Similar Nearby for Sale

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      Turnkey Restaurant Opportunity, Inverness, FL

      Established deli with loyal customer base and catering business.
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      0.22 Acres

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      Commercial property suitable for office, daycare, or specialty retail.
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      Prime Citrus County retail opportunity. High-traffic location.
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      10,000 SF

      Downtown Inverness QSR Land

      Prime 2.08-acre QSR site, high traffic.
      2050 Highway 44, Inverness, FL 34453
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      5.08 Acres

      Retail Land in Central Shopping District

      Pad-ready 5.08-acre retail site in growing Citrus County.
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      Inverness Auto Body Repair Shop

      Turn-key auto body repair shop with loyal customer base.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Citrus County

      Retail space available in Inverness's power center.
      2709 E Gulf To Lake Hwy, Inverness, FL 34453
      View Details
    • Contact for pricing
      17,708 SF

      Retail Space in Citrus Center

      Retail suites available in established Inverness shopping center.
      2605-2691 E Gulf To Lake Hwy, Inverness, FL 34453
      View Details
    • Contact for pricing
      4,000 SF

      Freestanding Retail/Office Property Available

      4,000 SF property with office and warehouse space for lease.
      3131 E Gulf To Lake Hwy, Inverness, FL 34453
      View Details
    • $2,000 /Mo
      43,560 SF

      Inverness Warehouse with High Ceilings

      Industrial building with 3 bays and 24-foot ceilings for rent.
      1411 White Lake Dr, Inverness, FL 34453
      View Details
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    121 Florida Ave
    Inverness, FL 34453-1681
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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