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1601 W Main St, Inverness, FL 34450
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Property summary
AI-generated overview
This commercial property is located on the southwest corner of SR 44 and W Main Street in Historic Downtown Inverness and has extensive highway exposure with over 200 feet of frontage, with access and egress available from two roads. The existing 12,900-square-foot facility was originally constructed in 1971 and is arranged to include a 2,850-square-foot sales department and a 10,320-square-foot repair garage. It features fifteen grade-level receiving doors (10 to 14 feet) with pull-through capability at six doors, clear interior heights of approximately 12 to 16 feet, and a multi-phase electrical service (3 and 4-phase). The site also includes three in-ground automobile/RV hydraulic lifts. The property sits on a 1.84-acre corner lot measuring approximately 200 by 400 feet, is connected to city water and sewer, and is zoned C-Commercial, permitting a range of uses including retail operations and general neighborhood commercial activities such as Medical/Professional Office, with flexibility of up to 70% FAR lot coverage for development.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1971
Construction
STEEL FRAME
Total area
12,900 SF
Lot
1.84 ac (80,325 SF)
Zoning code
C COMMERCIAL
APN
20E-19S-18-0070-00A.5
UPID
US18-4143498
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Car Dealership
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.51M
Owner & transaction history
since 1999
6 recorded transactions
Zoning & alternative use
C COMMERCIAL · Inverness, FL
Top alternative use upside
Office building
$2.2M
+35.4%
Commercial (general)
$2.2M
+34.3%
Retail stores
$1.8M
+11.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.51M
Value range
$1.35M – $1.66M
±10% around blend
Estimated value / SF
$117 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$1.35M
blend $1.51M
$1.66M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,900 SF
Lot area
1.84 ac
Year built
1971
Stories
1
APN
20E-19S-18-0070-00A.5
Zoning
C COMMERCIAL
Assessed value
$1,032,200
Annual tax
$22,803
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$22,803
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.49M
Range $788k – $2.79M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.51M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 29 sales
$125
-6%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $117/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+35%
vs current-use indication
Commercial (general)
Retail Stores
Auto Repair, Garage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
5.65%
Selected cap rate for this auto shops
Derived from the Inverness market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.65%
9.0%
NOI (est.)
$124k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.19M
Move the market yield to see immediate price impact.
Value / SF
$170
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.15%5.65%6.15%
$112k
$2.17M
$1.97M
$1.81M
$124k
$2.41M
$2.19M
$2.02M
$136k
$2.65M
$2.41M
$2.22M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$22,803
Tax year 2023
Assessed value
$1,032,200
Assessed 2023
Previous assessed
$934,710
+10.4% YoY
Effective rate
2.21%
On assessed value
Assessed land
$578,400
Assessed improvement
$453,800
Land market value
$578,400
Improvement market value
$453,800
Total market value
$1,032,200
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1971
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
3
Total area
12,900 SF
Lot
1.84 ac (80,325 SF)
Zoning code
C COMMERCIAL
APN
20E-19S-18-0070-00A.5
UPID
US18-4143498
Jurisdiction
CITRUS
Zoning & alternative use
C COMMERCIAL · Inverness, FLZoning C COMMERCIAL · permitted uses
C COMMERCIAL · Inverness, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
3
Lot
1.84 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C COMMERCIAL
Jurisdiction
Inverness, FL
Recorded code
C COMMERCIAL
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Owner identityResolved entity and name variants
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Owner of record and activity signals are derived from public records and modeled classifications.
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