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Property profile & analytics
OFF-MARKET
Auto shops
1518 White Lk Dr, Inverness, FL 34453-2433
Individually Owned
22-yr Hold
~
Est. High Equity
Property ID
US18-4788192
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1989
Construction
STEEL FRAME
Total area
5,000 SF
Lot
0.97 ac (42,410 SF)
Zoning code
IM INDUSTRIAL/MANUFACTURI
APN
20E-19S-07-0040-000A0-005.0
UPID
US18-4788192
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
-
Steve's Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Stephen J Gronert
Stephen J Gronert
2 recorded transactions
Zoning & alternative use
IM INDUSTRIAL/MANUFACTURI · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,324
Tax year 2023
Assessed value
$161,210
Assessed 2023
Previous assessed
$133,060
+21.2% YoY
Effective rate
2.06%
On assessed value
Assessed land
$22,050
Assessed improvement
$139,160
Land market value
$22,050
Improvement market value
$139,160
Total market value
$161,210
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
5,000 SF
Lot
0.97 ac (42,410 SF)
Zoning code
IM INDUSTRIAL/MANUFACTURI
APN
20E-19S-07-0040-000A0-005.0
UPID
US18-4788192
Jurisdiction
CITRUS
Zoning & alternative use
IM INDUSTRIAL/MANUFACTURI · Inverness, FL
Zoning IM INDUSTRIAL/MANUFACTURI · permitted uses
IM INDUSTRIAL/MANUFACTURI · 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.
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.97 ac
Current owner
From public records · entity-resolved
Stephen J Gronert
Individual
Mailing address
PO BOX 306, INVERNESS, FL 34451-0306
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Stephen J Gronert
—
Deed Of Trust
related
$140,000 · Capital City Bank
—
—
Stephen J Gronert
—
Deed Of Trust
related
$115,000 · Capital City 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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