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    Property profile & analytics
    FOR SALE
    Commercial land

    4038 N Modelwood Dr, Beverly Hills, FL 34465

    1.74 ac lot
    Entity Owned 15-yr Hold Free & Clear
    Property ID
    US18-1834167
    Property summary
    AI-generated overview

    This exceptional 4.6-acre parcel, comprised of two adjacent lots (APN 18E18S110120 0030 & 18E18S110120 0020), presents a rare opportunity in Beverly Hills, Florida's thriving Golden Gate Center. Located at a signalized intersection on N Modelwood Dr, this pad-ready site boasts 604 feet of frontage and is zoned GNC/PSO, allowing for diverse commercial and industrial uses, including gas stations, quick-service restaurants with drive-thrus, automotive services, retail, and medical offices. The property benefits from excellent visibility and convenient access to major roadways, including proximity to the Suncoast Parkway (6.5 miles) and US-19, placing it within a 1-hour, 15-minute commute to Tampa. The immediate area features established retailers like Winn-Dixie, Dunkin', Dollar Tree, Walmart, Publix, and various QSR brands, ensuring a strong customer base. City water and sewer are readily available, and offsite retention is accessible for maximum lot utilization. Shared signage opportunities further enhance visibility. This location is strategically positioned within Citrus County's growth corridor, a region experiencing significant population expansion, projected to reach 350,000 residents by 2030. The area's average household income is $65,000, and the property is conveniently located near several growing communities, including Lecanto, Crystal River, and Homosassa. The site is cleared and ready for immediate development, making it an ideal investment for national developers seeking a prime location in a rapidly expanding market. The asking price for this combined parcel is $1,355,900.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.74 ac (75,882 SF)
    Zoning code GNC GEN COMMERCIAL
    APN 18E-18S-11-0120-003.0
    UPID US18-1834167
    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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jpp Bevhills LLC · 15 yrs held
    Jpp Bevhills LLC
    since 2010
    3 recorded transactions
    2010
    $251,000
    2007
    $1.2M
    2006
    $1.4M
    Zoning & alternative use
    GNC GEN COMMERCIAL · Beverly Hills, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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