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    Property profile & analytics

    203 Courthouse Sq Inverness, FL 34450-4840

    • Retail space
    • 1,626 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Location Intelligence
    Property ID
    US18-3930689
    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

    • SideBar Tavern / Bar & Grill
    • Citrus County Courthouse historical marker / Historical Landmark
    • Faddis Oldham & Smith / Law Firm

    Property Details for 203 Courthouse Sq

    Year built
    1926
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.04 lot acres
    Property size
    1,626 SF
    Zone code
    CBD CENTRAL BUSINESS DIST
    Property type
    Retail space
    APN
    20E-19S-17-0050-01100-011.0
    APU
    20E19S170050011000110

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $220,000
      6.5%
      $255,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $220,000
      Geo Method
      $275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $210,000
      Mixed-Use
      $245,000
      Hospitality
      $245,000
      Educational
      $270,000
      Residential Income
      $235,000
      Energy
      $260,000
      Income-Based Land
      $220,000
      Food Service
      $255,000

    Location Insight

    • Map
    • Local Demand
    City
    Inverness
    County
    Citrus
    State
    Florida
    Longitude
    -82.3299
    Latitude
    28.8365
    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
    $2,247
    $29,010
    $77,910
    $106,920
    -
    $29,010
    $77,910
    $106,920

    Comparable in this City

    • Value Estimation
      $305,000
      3,600 SF

      4581 Florida Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      4581 Florida Ave, Inverness, FL 34450-7250
      View Details
    • Value Estimation by Request
      8,750 SF

      1795 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,750 SF
      1795 Main St, Inverness, FL 34450-2417
      View Details
    • Value Estimation
      $260,000
      8,729 SF

      4535 Florida Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,729 SF
      4535 Florida Ave, Inverness, FL 34450-7250
      View Details
    • Value Estimation by Request
      6,500 SF

      412 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,500 SF
      412 Main St, Inverness, FL 34450-4746
      View Details
    • Value Estimation by Request
      5,360 SF

      825 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,360 SF
      825 Main St, Inverness, FL 34450-4621
      View Details
    • Value Estimation
      $355,000
      4,640 SF

      101 Courthouse Sq

      RETAIL STORES (PERSONAL SERVICES) • 4,640 SF
      101 Courthouse Sq, Inverness, FL 34450-4803
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    Inverness, FL 34450-4840
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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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