Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3238 Florida Ave Inverness, FL 34450-6876

    • Retail space
    • 2,204 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    $355,000
    Last Sale
    May 10, 2024
    Location Intelligence
    Property ID
    US18-4464801
    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

    • HNR Gunworks / Gun Shop / Safe & Vault Shop
    • Trikes By Design Moved to REAR BUILDING 7147 E England Blvd / Motorcycle Shop

    Property Details for 3238 Florida Ave

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.50 lot acres
    Property size
    2,204 SF
    Zone code
    GNC GEN COMMERCIAL
    Property type
    Retail space
    APN
    20E-19S-21-0020-02000-001.0
    APU
    20E19S210020020000010

    Description

    This exceptional 6,100 square foot retail property in Inverness, Florida, presents a lucrative investment opportunity. Strategically located on a corner lot at the intersection of four-lane US Highway 41 and a residential street, this property offers unparalleled visibility and accessibility. The main retail building comprises approximately 2,500 square feet of climate-controlled leasable space, complemented by ample parking. Currently occupied by a long-term tenant, this section provides immediate and consistent rental income. Adding to the property's value is a separate storage building encompassing approximately 2,600 square feet, divided into five individually rented units, each generating additional monthly revenue. All storage units are currently leased, ensuring a steady stream of passive income. The 0.5-acre lot provides significant potential for future expansion or development, particularly given its proximity to the Inverness Airport expansion and the planned Business Park. This property is ideally suited for investors seeking a high-yield, low-maintenance investment with immediate cash flow, or for entrepreneurs looking to establish a business in a high-traffic area. Showings are by appointment only.

    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
    -82.3151
    Latitude
    28.8142
    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
    $3,381
    $58,350
    $137,910
    $196,260
    -
    $58,350
    $137,910
    $196,260

    Comparable in this City

    • Value Estimation
      $305,000
      3,600 SF

      4581 Florida Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      4581 Florida Ave, Inverness, FL 34450-7250
      View Details
    • Value Estimation by Request
      8,750 SF

      1795 Main St

      RETAIL STORES (PERSONAL SERVICES) • 8,750 SF
      1795 Main St, Inverness, FL 34450-2417
      View Details
    • Value Estimation
      $260,000
      8,729 SF

      4535 Florida Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,729 SF
      4535 Florida Ave, Inverness, FL 34450-7250
      View Details
    • Value Estimation by Request
      6,500 SF

      412 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,500 SF
      412 Main St, Inverness, FL 34450-4746
      View Details
    • Value Estimation by Request
      5,360 SF

      825 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,360 SF
      825 Main St, Inverness, FL 34450-4621
      View Details
    • Value Estimation
      $355,000
      4,640 SF

      101 Courthouse Sq

      RETAIL STORES (PERSONAL SERVICES) • 4,640 SF
      101 Courthouse Sq, Inverness, FL 34450-4803
      View Details

    Similar Nearby for Sale

    • $185,000

      Profitable Boutique in Downtown Inverness

      Turnkey retail business with established brand and loyal customer base.
      105 Courthouse Sq, Inverness, FL 34450
      View Details
    • $1,400,000
      0.19 Acres

      Downtown Inverness Commercial Property For Sale

      Adaptable commercial space in vibrant downtown Inverness, suitable for various businesses.
      124 N Apopka Ave, Inverness, FL 34450
      View Details
    • $394,900
      Pending

      Historic Downtown Inverness Landmark Home

      Charming historic home with business potential in downtown Inverness.
      401 Tompkins St, Inverness, FL 34450
      View Details
    • $9,192,000
      3,476 SF

      New 7-Eleven NNN Lease

      New construction 7-Eleven with corporate lease in Inverness, Florida.
      1007 Highway 41 N, Inverness, FL 34450
      View Details
    • $1,500,000
      2.56 Acres

      Inverness Land with Highway Frontage

      2.56 acres with highway frontage, suitable for various commercial uses.
      109-105 Pleasant Grove Rd, Inverness, FL 34450
      View Details
    • $375,000
      0.78 Acres

      Inverness Commercial Property on SR44

      Renovated commercial property with lake access and high visibility.
      8929 E Gulf To Lake Hwy, Inverness, FL 34450
      View Details

    Similar Nearby for Lease

    • $8,250 /Mo
      13,068 SF

      Remodeled Retail Space in Inverness

      3300 SF remodeled retail space in downtown Inverness for lease.
      805 W Main St, Inverness, FL 34450
      View Details
    • $13,500 /Mo
      134,600 SF

      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
    • $675 /Mo
      249 SF

      Historic Downtown Inverness Office Suite

      Charming furnished office suite in historic downtown Inverness.
      111 W Main St, Inverness, FL 34450
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3238 Florida Ave
    Inverness, FL 34450-6876
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.