4038 N Modelwood Dr, Beverly Hills, FL 34465
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
GNC GEN COMMERCIAL · Beverly Hills, FLBeverly Hills. Always verify with local authorities before improvements.
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.