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Property profile & analytics
OFF-MARKET
Commercial land

2509 Frst Dr Inverness, FL 34453-3741

0.36 ac lot
Individually Owned 4-yr Hold Free & Clear
Property ID
US18-5515220
Property summary
AI-generated overview

This exceptional 1.33-acre commercial/industrial land parcel in Inverness, Florida, presents a remarkable investment opportunity. Located on Forest Drive, with 223 feet of road frontage directly connecting to the heavily trafficked SR 44 (over 29,560 AADT), this property offers unparalleled accessibility. Zoned RO (Residential Office), it's ideally situated within the city limits of Inverness, near key landmarks such as Citrus Memorial Hospital, the County Courthouse, and City Hall. A robust national retail presence, including Walmart, Lowe's, and TJ Maxx, is within a two-mile radius, catering to a substantial consumer base. The area boasts a median household income of $65,000 within a 15-minute drive, with significant annual healthcare expenditures exceeding $106 million. Future water and sewer connections are anticipated by the end of 2025. This fully cleared lot benefits from the recent $135 million expansion of the Suncoast Parkway and its future extensions, positioning Citrus County for significant growth within the Tampa MSA. The property's strategic location near thriving communities like Floral City, Lecanto, Beverly Hills, Crystal River, and Homosassa, coupled with Citrus County's projected population increase to 350,000 by 2030, underscores its immense development potential. The APN is 19E-19S-13-0030-00040-0030. The asking price is $225,000. This is a co-op ownership.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.36 ac (15,473 SF)
Zoning code RO RESIDENT/OFFICE
APN 19E-19S-13-0030-00040-003.0
UPID US18-5515220
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
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
Victor T Nothnagel O D Pa · 4 yrs held
Victor T Nothnagel O D Pa
since 2022
Last sale
$40,000
1 recorded transaction
2022
$40,000
Zoning & alternative use
RO RESIDENT/OFFICE · Inverness, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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