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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Investment properties
408 Lk St Inverness, FL 34450-4116
Entity Owned
5-yr Hold
Property ID
US19-0268909
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,936 SF
Lot
0.8 ac (34,959 SF)
Zoning code
LMD LOW MEDIUM DENS
APN
20E-19S-17-0020-00170-004.0
UPID
US19-0268909
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
-
Lora L. Wilson, PL Law Firm
-
Susan Cohill Fogarty Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$964k
Blend (final)
Blend
$770k
Owner & transaction history
Pine Lake Investments LLC · 5 yrs held
Pine Lake Investments LLC
since 2021
7 recorded transactions
Zoning & alternative use
LMD LOW MEDIUM DENS · Inverness, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$830,000
+26.1%
Office building
$665,000
+0.8%
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%
$615,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$660,000
Current use
MEDICAL BUILDING
$830,000
Change: +26% · Conversion: Easy
OFFICE BUILDING
$665,000
Change: +1% · Conversion: Easy
RETAIL STORES
$545,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$196 / 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
$8,153
Tax year 2023
Assessed value
$367,980
Assessed 2023
Previous assessed
$356,430
+3.2% YoY
Effective rate
2.22%
On assessed value
Assessed land
$72,680
Assessed improvement
$295,300
Land market value
$72,680
Improvement market value
$295,300
Total market value
$367,980
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
YES
Stories
1
Units
3
Bathrooms
3
Total area
3,936 SF
Lot
0.8 ac (34,959 SF)
Zoning code
LMD LOW MEDIUM DENS
APN
20E-19S-17-0020-00170-004.0
UPID
US19-0268909
Jurisdiction
CITRUS
Zoning & alternative use
LMD LOW MEDIUM DENS · Inverness, FL
Zoning LMD LOW MEDIUM DENS · permitted uses
LMD LOW MEDIUM DENS · 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
COMMERCIAL (GENERAL) Current
Est. value
$660,000
MEDICAL BUILDING
Est. value
$830,000
OFFICE BUILDING
Est. value
$665,000
RETAIL STORES
Est. value
$545,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Units
3
Bathrooms
3
Lot
0.8 ac
Current owner
From public records · entity-resolved
Pine Lake Investments LLC
Entity
Mailing address
408 LK ST, INVERNESS, FL 34450-4116
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2023
—
Pine Lake Investments LLC
—
Deed
related
$150,000 · Cadence Bank NA
Mar 31, 2021
—
Pine Lake Investments LLC
Lora L Wilson
Warranty Deed
$256,975 · Cadence Bank NA
Apr 25, 2006
$295,000
Lora L Wilson
H202 Corp
Warranty Deed
$236,000 · Regions Bank
Dec 20, 2005
$230,000
H202 Corp
Obrien,maria H
Warranty Deed
$184,000 · Gulfstream Community Bank
May 29, 2001
$4,000
Maria H O'brien
Girvin,minnie
Grant Deed
—
—
—
Wilson,lora L
—
Loan Modification
related
$234,435 · Centerstate Bk/fl
—
—
Lora L Wilson
—
Deed Of Trust
related
$95,000 · Regions Bank
—
—
Maria H O'brien
—
Deed Of Trust
related
$55,000 · Bank Of Inverness
—
—
Maria H O'brien
—
Deed Of Trust
related
$143,000 · Amsouth Bank
—
—
Lora L Wilson
—
Deed Of Trust
related
$355,000 · Mercantile Bank
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.
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