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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Office buildings
301 Citrus Ave Inverness, FL 34452-4705
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US18-3494995
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,067 SF
Lot
0.37 ac (16,250 SF)
Zoning code
RO RESIDENT/OFFICE
APN
20E-19S-17-0080-00680-007.0
UPID
US18-3494995
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
$620k
CAP Approach
CAP
$355k
Comparable Approach
Comparable
$505k
Blend (final)
Blend
$585k
Owner & transaction history
Phaseonederhaus LLC · 6 yrs held
Phaseonederhaus LLC
since 2020
Last sale
$615,000
3 recorded transactions
Zoning & alternative use
RO RESIDENT/OFFICE · Inverness, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$435,000
+25.1%
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
$570,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
$385,000
6.5%
$355,000
7%
$330,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$435,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $615k (Apr 23 2020)
Last sale anchor
$615k
Apr 23 2020
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
$283 / 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
$6,495
Tax year 2023
Assessed value
$295,710
Assessed 2023
Previous assessed
$265,740
+11.3% YoY
Effective rate
2.20%
On assessed value
Assessed land
$41,680
Assessed improvement
$254,030
Land market value
$41,680
Improvement market value
$254,030
Total market value
$295,710
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
2,067 SF
Lot
0.37 ac (16,250 SF)
Zoning code
RO RESIDENT/OFFICE
APN
20E-19S-17-0080-00680-007.0
UPID
US18-3494995
Jurisdiction
CITRUS
Zoning & alternative use
RO RESIDENT/OFFICE · Inverness, FL
Zoning RO RESIDENT/OFFICE · permitted uses
RO RESIDENT/OFFICE · 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
MEDICAL BUILDING
Est. value
$435,000
MEDICAL BUILDING
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Phaseonederhaus LLC
Entity
Mailing address
4085 UNIVERSITY BLVD S STE #1, JACKSONVILLE, FL 32216-4362
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2020
$615,000
Phaseonederhaus LLC
Highland Real Property Partners LLC
Warranty Deed
$984,000 · Ameris Bank
Jun 20, 2017
$146,000
Highland Real Prop Ptrs LLC
Highland Real Property Ptshp
Trustees Deed
related
$1,136,000 · Iberiabank
Oct 1, 2010
—
Highland Real Property Ptshp
—
Deed Of Trust
related
$1,250,000 · Regions 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.
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