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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Warehouses
3703 Gulf To Lk Hwy Inverness, FL 34453-3206
Individually Owned
10-yr Hold
Free & Clear
Property ID
US18-2394661
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Construction
STEEL FRAME
Total area
11,951 SF
Lot
1.76 ac (76,491 SF)
Zoning code
GNC GEN COMMERCIAL
APN
19E-19S-11-21320
UPID
US18-2394661
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
-
Habitat For Humanity Restore Discount Store
-
ReStore 3703 E. Gulf To Lake Hwy. Inverness, FL 34453 Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.43M
Owner & transaction history
Habitat Of Humanity & Citrus Cnty I · 10 yrs held
Habitat Of Humanity & Citrus Cnty I
since 2016
4 recorded transactions
Zoning & alternative use
GNC GEN COMMERCIAL · Inverness, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.1M
+96.7%
Commercial (general)
$2.0M
+83.9%
Retail stores
$1.7M
+52.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,695,000
6.5%
$1,565,000
7%
$1,450,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,085,000
Current use
OFFICE BUILDING
$2,140,000
Change: +97% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,000,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$1,660,000
Change: +53% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,490,000
Change: +37% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,145,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±10%
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
$120 / 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
$16,876
Tax year 2023
Assessed value
$1,118,980
Assessed 2023
Previous assessed
$979,910
+14.2% YoY
Effective rate
1.51%
On assessed value
Assessed land
$367,080
Assessed improvement
$751,900
Land market value
$367,080
Improvement market value
$751,900
Total market value
$1,118,980
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
11,951 SF
Lot
1.76 ac (76,491 SF)
Zoning code
GNC GEN COMMERCIAL
APN
19E-19S-11-21320
UPID
US18-2394661
Jurisdiction
CITRUS
Zoning & alternative use
GNC GEN COMMERCIAL · Inverness, FL
Zoning GNC GEN COMMERCIAL · permitted uses
GNC GEN COMMERCIAL · 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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2017
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
1.76 ac
Current owner
From public records · entity-resolved
Habitat Of Humanity & Citrus Cnty I
Individual
Free & Clear · 10 yrs held
Mailing address
PO BOX 1041, CRYSTAL RIVER, FL 34423-1041
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2016
—
Habitat For Humanity Of Citrus Coun
—
Deed
related
$895,000 · Capital City Bank
Apr 25, 2016
—
Habitat Of Humanity & Citrus Cnty I
Wolfertz,linda N
Grant Deed
related
—
Jan 13, 2016
—
Habitat Of Humanity & Citrus Cnty I
Wolfertz Harry A
Warranty Deed
—
Jan 13, 2016
$325,000
Habitat Of Humanity & Citrus Cnty I
Wolfertz,linda N
Warranty Deed
—
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.
Try Rey
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