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Property profile & analytics
OFF-MARKET
Office buildings
2303 Hwy 44th W Inverness, FL 34453-3809
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-6080142
Property summary
AI-generated overview
This exceptional commercial property in Inverness, Florida, presents a unique investment opportunity. Situated on 2.9 acres with significant frontage (approximately 80 feet) on the busy Highway 44/Gulf to Lake Highway, this property boasts high visibility and accessibility. The existing 1,854 square foot office building, constructed in 1985 of concrete block, offers a functional layout ideal for a variety of uses. The interior includes a lobby/waiting room, conference space, kitchen area, reception area, three additional offices, and two bathrooms (one ADA accessible). Convenient ramps provide accessibility from the parking lot and into the building. The property benefits from public water and sewer services. The HVAC system was recently updated in 2021. The zoning is mixed: a portion (approximately 0.36 acres) is zoned C-Commercial (Inverness), allowing for a wide range of uses including retail, medical/professional offices, service businesses, restaurants, and bars
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,568 SF
Lot
0.71 ac (30,726 SF)
Zoning code
C COMMERCIAL
APN
19E-19S-13-0030-00130-001.0
UPID
US18-6080142
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
-
Boyajan Leon M Law Office of PA Law Firm
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
Jnr Citrus Holdings LLC · 8 yrs held
Jnr Citrus Holdings LLC
since 2018
2 recorded transactions
Zoning & alternative use
C COMMERCIAL · 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
$7,123
Tax year 2023
Assessed value
$321,500
Assessed 2023
Previous assessed
$307,940
+4.4% YoY
Effective rate
2.22%
On assessed value
Assessed land
$209,700
Assessed improvement
$111,800
Land market value
$209,700
Improvement market value
$111,800
Total market value
$321,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
1,568 SF
Lot
0.71 ac (30,726 SF)
Zoning code
C COMMERCIAL
APN
19E-19S-13-0030-00130-001.0
UPID
US18-6080142
Jurisdiction
CITRUS
Zoning & alternative use
C COMMERCIAL · Inverness, FLZoning 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
Building & site characteristics
From public records
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Jnr Citrus Holdings LLC
Entity
Mailing address
5870 E 10TH ST, INVERNESS, FL 34452-8450
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2018
$250,000
Jnr Citrus Holdings LLC
Robinson,mary D
Warranty Deed
$250,000 · Robinson Mary D Trust (rt)
Jul 19, 2002
—
Robinson,tr
P S A M S INC
Grant 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.
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