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Property profile & analytics
OFF-MARKET
Estimated value
$15,560,000
Warehouses
2301 Gulf To Lk Hwy Inverness, FL 34453-3218
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-1855662
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
134,609 SF
Lot
16.13 ac (702,623 SF)
Zoning code
GNC GEN COMMERCIAL
APN
19E-19S-10-0020-00D.0
UPID
US18-1855662
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
-
Installation Services General Contractor
-
Blue Rhino Propane Exchange Propane Supplier
-
Primo Water Exchange Big Box & Wholesale Store
-
Lowe's Home Improvement Building Supply Hardware & Home Improvement
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.61M
Comparable Approach
Comparable
$16.82M
Blend (final)
Blend
$15.56M
Owner & transaction history
LOWES HOME CENTERS INC
LOWES HOME CENTERS INC
Zoning & alternative use
GNC GEN COMMERCIAL · Inverness, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$24.1M
+96.7%
Commercial (general)
$22.5M
+83.9%
Retail stores
$18.7M
+52.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,070,000
6.5%
$17,605,000
7%
$16,345,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,245,000
Current use
OFFICE BUILDING
$24,090,000
Change: +97% · Conversion: Difficult
COMMERCIAL (GENERAL)
$22,525,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$18,695,000
Change: +53% · Conversion: Moderate
AUTO REPAIR, GARAGE
$16,780,000
Change: +37% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$12,885,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$15.56M
Range $14.00M – $17.12M · ±10%
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
$116 / 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
$156,861
Tax year 2023
Assessed value
$10,401,120
Assessed 2023
Previous assessed
$10,401,120
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$2,193,710
Assessed improvement
$8,207,410
Land market value
$2,193,710
Improvement market value
$8,207,410
Total market value
$10,401,120
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
134,609 SF
Lot
16.13 ac (702,623 SF)
Zoning code
GNC GEN COMMERCIAL
APN
19E-19S-10-0020-00D.0
UPID
US18-1855662
Jurisdiction
CITRUS
Zoning & alternative use
GNC GEN COMMERCIAL · Inverness, FL
Zoning GNC GEN COMMERCIAL · permitted uses
GNC GEN 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
WAREHOUSE, STORAGE Current
Est. value
$12.2M
OFFICE BUILDING
Est. value
$24.1M
COMMERCIAL (GENERAL)
Est. value
$22.5M
RETAIL STORES
Est. value
$18.7M
AUTO REPAIR, GARAGE
Est. value
$16.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.9M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
16.13 ac
Current owner
From public records · entity-resolved
LOWES HOME CENTERS INC
Entity
Free & Clear · 0 yrs held
Mailing address
1000 LOWES BLVD, MOORESVILLE, NC 28117-8520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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