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    Property profile & analytics

    507 Main St Inverness, FL 34450-4748

    • Office buildings
    • 1,800 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US18-3908233
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • David M Rom - State Farm Insurance Agent / Renter'S Insurance Agency / Insurance Agency

    Property Details for 507 Main St

    Year built
    1954
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.22 lot acres
    Property size
    1,800 SF
    Zone code
    C COMMERCIAL
    Property type
    Office buildings
    APN
    20E-19S-17-0050-00970-001.0
    APU
    20E19S170050009700010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $435,000
      6.5%
      $440,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $390,000
      Geo Method
      $415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $490,000
      Retail
      $380,000
      Mixed-Use
      $450,000
      Hospitality
      $385,000
      Educational
      $465,000
      Residential Income
      $470,000
      Energy
      $425,000
      Income-Based Land
      $430,000
      Food Service
      $485,000

    Location Insight

    • Map
    • Local Demand
    City
    Inverness
    County
    Citrus
    State
    Florida
    Longitude
    -82.3363
    Latitude
    28.8357
    CBSA code
    26140
    CBSA name
    HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,230
    $167,270
    $159,070
    $326,340
    -
    $167,270
    $159,070
    $326,340

    Comparable in this City

    • Value Estimation by Request
      21,616 SF

      1 Dr Martin Luther King Jr Ave

      OFFICE BUILDING • 21,616 SF
      1 Dr Martin Luther King Jr Ave, Inverness, FL 34450-4968
      View Details
    • Value Estimation
      $185,000
      1,147 SF

      115 Seminole Ave

      OFFICE BUILDING • 1,147 SF
      115 Seminole Ave, Inverness, FL 34450-4124
      View Details
    • Value Estimation
      $600,000
      3,912 SF

      601 Us Hwy 41

      OFFICE BUILDING • 3,912 SF
      601 Us Hwy 41, Inverness, FL 34450-6074
      View Details
    • Value Estimation
      $255,000
      2,536 SF

      107 Main St

      OFFICE BUILDING • 2,536 SF
      107 Main St, Inverness, FL 34450-4852
      View Details
    • Value Estimation
      $300,000
      2,646 SF

      314 Main St

      OFFICE BUILDING • 2,646 SF
      314 Main St, Inverness, FL 34450-4744
      View Details
    • Value Estimation
      $295,000
      5,082 SF

      120 Apopka Ave

      OFFICE BUILDING • 5,082 SF
      120 Apopka Ave, Inverness, FL 34450-4238
      View Details

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      Versatile Commercial Property For Sale

      3.3 acres with 11,874 sq ft building in Inverness, FL.
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    • $3,300,000
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      Versatile Commercial Property For Sale

      3.3 acres with 11,874 sq ft building near Withlacoochee Trail.
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    Similar Nearby for Lease

    • $675 /Mo
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      View Details
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      Inverness Commercial Property for Rent

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      View Details
    • $8,250 /Mo
      13,068 SF

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    507 Main St
    Inverness, FL 34450-4748
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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