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Property profile & analytics
OFF-MARKET
Warehouses
212 Pne Ave Inverness, FL 34450-4218
Individually Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4908097
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1972
Construction
STEEL FRAME
Total area
2,400 SF
Lot
0.19 ac (8,125 SF)
Zoning code
CBD CENTRAL BUSINESS DIST
APN
20E-19S-17-0050-01200-007.0
UPID
US18-4908097
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
-
Cardiovascular Services LLC & Vein Center Medical Clinic
-
Ralph Abadier, M.D. Physician
-
Mechelle Lewis Physician
-
Rafik Abadier Physician
-
Kimberly Westbrook Physician
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
Towne Furni · 28 yrs held
Towne Furni
since 1998
1 recorded transaction
Zoning & alternative use
CBD CENTRAL BUSINESS DIST · 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
$1,998
Tax year 2023
Assessed value
$94,060
Assessed 2023
Previous assessed
$80,810
+16.4% YoY
Effective rate
2.12%
On assessed value
Assessed land
$34,530
Assessed improvement
$59,530
Land market value
$34,530
Improvement market value
$59,530
Total market value
$94,060
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
1972
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
1
Total area
2,400 SF
Lot
0.19 ac (8,125 SF)
Zoning code
CBD CENTRAL BUSINESS DIST
APN
20E-19S-17-0050-01200-007.0
UPID
US18-4908097
Jurisdiction
CITRUS
Zoning & alternative use
CBD CENTRAL BUSINESS DIST · Inverness, FL
Zoning CBD CENTRAL BUSINESS DIST · permitted uses
CBD CENTRAL BUSINESS DIST · 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
1972
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Towne Furni
Individual
Mailing address
8911 E SANDPIPER DR, INVERNESS, FL 34450-7434
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 1998
$78,000
Towne Furni
Hutchins,david
Grant Deed
$72,000 · 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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