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Property profile & analytics
OFF-MARKET
Land

376 S Croft Ave Inverness, FL 34453

Property ID
US18-4475751
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
UPID US18-4475751
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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