376 S Croft Ave Inverness, FL 34453
The Subject Property is 17.09± Acres (100% Uplands) of vacant land. It is an excellent site for a developer/builder who wants to take advantage of the high-density multifamily zoning (i.e., apartments, townhomes, paired villas, assisted living/senior housing). A complete list of permitted uses is available upon request. The owner has engaged the services of RedElk Land Company to market the Subject Property exclusively The Veterans Expressway SR 44 Interchange (New) is only 10 mins. from the doorstep of the Subject Property, allowing for greater connectivity. The next phase of expansion is under construction (northbound). The Suncoast Trail has been expanded in concert with the expressway, making it 55 miles between Gulf to Lake Trailhead (north) and Lutz Lake Fern Road Trailhead (south). The Subject Property is a few miles west of Historic Downtown Inverness, Citrus County Seat, and a few miles east of Lecanto, home of the College of Central Florida (Citrus Campus). The area boasts quality healthcare and beautiful golf courses. Many call the Inverness area home for its high quality of life and the natural environment nestled between forests and lakes. The Subject Property is not far from the Withlacoochee Trail (46-mile recreation trail) and only a stone’s throw from the 50,000-acre Citrus Wildlife Management Area, to name only a few.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.