Trust Owned Property summary
AI-generated overview
This exceptional 1,523-square-foot office building in Inverness, Florida, presents a rare investment opportunity. Located at 21 S Croft Ave, on a highly trafficked corner lot (.45 acres) with 160 feet of road frontage, this single-story, 1965-built structure boasts excellent visibility. Currently configured as a hair salon, the building includes a handicap-accessible ramp and restroom, a kitchen, and a separate break room/office area. Ample parking is available. The property's strategic location offers easy access to major roadways, including FL-44 (Gulf to Lake Hwy), and is within close proximity to shopping, dining, and essential services such as Bealls, TJ Maxx, and Regal Citrus Cinema. The property is served by septic and public water. The permitted zoning is MDR. This turnkey operation offers immediate potential for various business uses. An adjacent lot (.22 acres at 27 N Croft Ave) may also be available for purchase separately. The asking price is $334,900. This is a fantastic opportunity to own a well-located, established business property in a thriving community.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,475 SF
Lot
0.45 ac (19,540 SF)
Zoning code
MDR MED DENSITY RESIDENT
APN
19E-19S-02-0020-00290-075.0
UPID
US18-5183903
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
-
Hair Salon Nail Salon
-
(Bike/Boat/Book/etc) Store Cosmetic Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$280k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$275k
Owner & transaction history
2 recorded transactions
Zoning & alternative use
MDR MED DENSITY RESIDENT · Inverness, FL
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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$275k
Value range
$248k – $303k
±10% around blend
Estimated value / SF
$186 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
30
$248k
blend $275k
$303k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,475 SF
Lot area
0.45 ac
Year built
1965
Stories
1
APN
19E-19S-02-0020-00290-075.0
Zoning
MDR MED DENSITY RESIDENT
Assessed value
$97,320
Annual tax
$1,666
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$159k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
24.0 mi away · 1,200 SF
24.4 mi away · 1,776 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$275k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 57 sales
$167
+11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $186/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
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: replacement-cost inputs are not on file.
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
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$97k
Move the market yield to see immediate price impact.
Value / SF
$66
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
5.00%7.00%9.00%
$6k
$123k
$88k
$68k
$7k
$136k
$97k
$76k
$7k
$150k
$107k
$83k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$1.35M
21.5 mi · Sep 2025 · $726/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,666
Tax year 2023
Assessed value
$97,320
Assessed 2023
Previous assessed
$91,440
+6.4% YoY
Effective rate
1.71%
On assessed value
Assessed land
$24,910
Assessed improvement
$72,410
Land market value
$24,910
Improvement market value
$72,410
Total market value
$97,320
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
YES
Stories
1
Units
1
Bathrooms
2
Total area
1,475 SF
Lot
0.45 ac (19,540 SF)
Zoning code
MDR MED DENSITY RESIDENT
APN
19E-19S-02-0020-00290-075.0
UPID
US18-5183903
Jurisdiction
CITRUS
Zoning & alternative use
MDR MED DENSITY RESIDENT · Inverness, FLZoning MDR MED DENSITY RESIDENT · permitted uses
MDR MED DENSITY RESIDENT · Inverness, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.45 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MDR MED DENSITY RESIDENT
Jurisdiction
Inverness, FL
Recorded code
MDR MED DENSITY RESIDENT
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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