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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Office buildings
508 Main St Inverness, FL 34450-4749
Entity Owned
1-yr Hold
Property ID
US18-8517432
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1906
Construction
WOOD
Total area
2,276 SF
Lot
0.55 ac (24,084 SF)
Zoning code
C COMMERCIAL
APN
20E-19S-17-0010-00030-003.0
UPID
US18-8517432
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
-
Law Offices of Brent C. Miller, P.A. Law Firm
-
Doreen Scott - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$605k
Blend (final)
Blend
$700k
Owner & transaction history
Owl Investment Enterprises LLC · 1 yrs held
Owl Investment Enterprises LLC
since 2024
Last sale
$700,000
6 recorded transactions
Zoning & alternative use
C COMMERCIAL · Inverness, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$480,000
+25.1%
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
$700,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$480,000
Change: +25% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $700k (Sep 4 2024)
Last sale anchor
$700k
Sep 4 2024
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
$308 / 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
$8,281
Tax year 2023
Assessed value
$373,740
Assessed 2023
Previous assessed
$373,740
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$211,570
Assessed improvement
$162,170
Land market value
$211,570
Improvement market value
$162,170
Total market value
$373,740
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1906
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
2
Total area
2,276 SF
Lot
0.55 ac (24,084 SF)
Zoning code
C COMMERCIAL
APN
20E-19S-17-0010-00030-003.0
UPID
US18-8517432
Jurisdiction
CITRUS
Zoning & alternative use
C COMMERCIAL · Inverness, FL
Zoning C COMMERCIAL · permitted uses
C COMMERCIAL · 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
MEDICAL BUILDING
Est. value
$480,000
MEDICAL BUILDING
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
1906
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Owl Investment Enterprises LLC
Entity
Mailing address
31 S MAIN ST, BROOKSVILLE, FL 34601-2810
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2024
$700,000
Owl Investment Enterprises LLC
Brent C Miller
Warranty Deed
—
Aug 25, 2005
$204,600
Bcm Inverness LLC
Miller,brent C
Warranty Deed
—
Apr 28, 2004
—
Brent C Miller
Miller,brent C & Katheryn S
Quit Claim Deed
related
—
Feb 22, 2002
$285,000
Brent C Miller
Iwanowski,michael & Uruska
Grant Deed
$228,000 · Colonial Bank
—
—
Bcm Inverness LLC
—
Deed Of Trust
related
$140,000 · Colonial Bank
—
—
Bcm Inverness LLC
—
Deed Of Trust
related
$211,000 · Reunion Bk/fl
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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