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    Property profile & analytics

    3109 S Florida Ave Inverness, FL 34450

    • Auto shops
    • 1,920 SF
    • 1.06 lot acres
    For Sale
    View listing
    $650,000
    Value Estimation
    Location Intelligence
    Property ID
    US18-1855684
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Countryside Tire & Truck Accessories / Tire Shop

    Property Details for 3109 S Florida Ave

    Year built
    1970
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.06 lot acres
    Property size
    1,920 SF
    Zone code
    GNC GEN COMMERCIAL
    Property type
    Auto shops
    APN
    20E-19S-21-32420
    APU
    20E19S2132420

    Description

    This exceptional 1.85-acre commercial property, located at 3109 S Florida Avenue in Inverness, Florida, presents a compelling investment opportunity. Boasting over 383 feet of frontage on S Florida Avenue/Hwy 41 S (11,200 AADT), this General Commercial zoned land offers a wide range of development possibilities. Permitted uses include retail, general commercial, professional/medical offices, gas stations/convenience stores, restaurants, and bars. Situated just outside Inverness city limits in unincorporated Citrus County, the property benefits from lower taxes while maintaining close proximity to the historic downtown area. The property's eastern border adjoins the Rails to Trails, a 46-mile paved trail system attracting numerous tourists and cyclists. Inverness has recently invested significantly in beautification projects, including new lakefront parks. The recent $135 million expansion of the Suncoast Parkway and future extensions position Citrus County for substantial growth within the Tampa MSA. A strong customer base exists just 15 minutes away, comprising 46,361 residents with a median age of 58 and a median household income of $65,000. Market data indicates high consumer spending on dining and healthcare, with 66% dining out at restaurants/steakhouses and 89% frequenting fast-food establishments. The area's population has spent over $106 million on healthcare services. The 1,920 square foot building offers significant potential for redevelopment or expansion. This property is priced at $650,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Inverness
    County
    Citrus
    State
    Florida
    Longitude
    -82.3148
    Latitude
    28.8167
    CBSA code
    26140
    CBSA name
    HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,077
    $105,100
    $74,410
    $179,510
    -
    $105,100
    $74,410
    $179,510

    Comparable in this City

    • Value Estimation
      $220,000
      3,000 SF

      4401 Florida Ave

      AUTO REPAIR, GARAGE • 3,000 SF
      4401 Florida Ave, Inverness, FL 34450-7248
      View Details
    • Value Estimation
      $215,000
      1,500 SF

      5461 Florida Ave

      AUTO REPAIR, GARAGE • 1,500 SF
      5461 Florida Ave, Inverness, FL 34450-7267
      View Details
    • Value Estimation by Request
      960 SF

      4915 Florida Ave

      AUTO REPAIR, GARAGE • 960 SF
      4915 Florida Ave, Inverness, FL 34450-7257
      View Details
    • Value Estimation
      $315,000
      4,444 SF

      3251 Florida Ave

      AUTO REPAIR, GARAGE • 4,444 SF
      3251 Florida Ave, Inverness, FL 34450-6877
      View Details
    • Value Estimation
      $225,000
      4,000 SF

      7992 Pemberton Path

      AUTO REPAIR, GARAGE • 4,000 SF
      7992 Pemberton Path, Inverness, FL 34450-3435
      View Details
    • Value Estimation
      $255,000
      2,400 SF

      8009 Pemberton Path

      AUTO REPAIR, GARAGE • 2,400 SF
      8009 Pemberton Path, Inverness, FL 34450-3436
      View Details

    Similar Nearby for Sale

    • $650,000
      1,920 SF

      Inverness Commercial Land

      1.85-Acre Redevelopment Opportunity
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    • $830,000
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      Automotive Shop on US 41

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      Established Restaurant in Inverness, FL

      Thriving restaurant on Highway 41, a community staple for 17 years.
      104 Us Highway 41 S, Inverness, FL 34450
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    • $1,200,000
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      Thriving Restaurant in Historic Inverness

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      Versatile Commercial Property For Sale

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    Similar Nearby for Lease

    • $13,500 /Mo
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      Inverness Commercial Property for Rent

      3.09-acre commercial property with 32,608 SF mixed-use facility for rent.
      315 S Us Highway 41, Inverness, FL 34450
      View Details
    • $8,250 /Mo
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      View Details
    • $675 /Mo
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      Charming furnished office suite in historic downtown Inverness.
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    Inverness, FL 34450
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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