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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Warehouses
1840 Hwy 44th W Inverness, FL 34453-3812
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-5355511
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1973
Construction
STEEL FRAME
Total area
4,200 SF
Lot
0.83 ac (36,055 SF)
Zoning code
C COMMERCIAL
APN
19E-19S-13-0020-064.0
UPID
US18-5355511
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
-
Farm Bureau Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$940k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$945k
Owner & transaction history
30aip Inverness LLC · 5 yrs held
30aip Inverness LLC
since 2021
Last sale
$950,000
4 recorded transactions
Zoning & alternative use
C COMMERCIAL · Inverness, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$885,000
+132.0%
Office building
$750,000
+96.7%
Commercial (general)
$705,000
+83.9%
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
$945,000
ML approach
$940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$885,000
Change: +132% · Conversion: Difficult
OFFICE BUILDING
$750,000
Change: +97% · Conversion: Difficult
COMMERCIAL (GENERAL)
$705,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$585,000
Change: +53% · Conversion: Moderate
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±10% · vs last sale $950k (Jun 30 2021)
Last sale anchor
$950k
Jun 30 2021
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
$225 / 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
$10,335
Tax year 2023
Assessed value
$466,480
Assessed 2023
Previous assessed
$437,780
+6.6% YoY
Effective rate
2.22%
On assessed value
Assessed land
$319,950
Assessed improvement
$146,530
Land market value
$319,950
Improvement market value
$146,530
Total market value
$466,480
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Bathrooms
2
Total area
4,200 SF
Lot
0.83 ac (36,055 SF)
Zoning code
C COMMERCIAL
APN
19E-19S-13-0020-064.0
UPID
US18-5355511
Jurisdiction
CITRUS
Zoning & alternative use
C COMMERCIAL · Inverness, FL
Zoning C COMMERCIAL · permitted uses
C COMMERCIAL · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$885,000
OFFICE BUILDING
Est. value
$750,000
COMMERCIAL (GENERAL)
Est. value
$705,000
RETAIL STORES
Est. value
$585,000
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
1973
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Bathrooms
2
Lot
0.83 ac
Current owner
From public records · entity-resolved
30aip Inverness LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 660491, BIRMINGHAM, AL 35266-0491
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
$950,000
30aip Inverness LLC
Prospect Properties INC
Special Warranty Deed
—
Jun 30, 2021
—
30aip Inverness LLC
Prospect Properties INC
Quit Claim Deed
related
—
Jun 1, 2009
$420,000
Prospect Properties INC
Dodd Lois M Trust
Warranty Deed
—
Oct 13, 2005
—
Dodd Lois M Trust
Dodd,lois M
Quit Claim Deed
related
—
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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