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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Office buildings
609 Highland Blvd Inverness, FL 34452-4638
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US18-4045221
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,059 SF
Lot
0.69 ac (30,223 SF)
Zoning code
RO RESIDENT/OFFICE
APN
20E-19S-18-22110
UPID
US18-4045221
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
-
Advanced Urology Institute - Inverness Office Medical Clinic Physician
-
Dr. Thomas F. Stringer, MD Physician Medical Clinic
-
Richard M. Roach MD Physician Medical Clinic
-
Michael Desautel, MD Physician Medical Clinic
-
Jonathan Baron Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$845k
Blend (final)
Blend
$630k
Owner & transaction history
Desautel Stringer · 20 yrs held
Desautel Stringer
since 2005
5 recorded transactions
Zoning & alternative use
RO RESIDENT/OFFICE · Inverness, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$945,000
6.5%
$875,000
7%
$810,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$855,000
Current use
COMMERCIAL (GENERAL)
$845,000
Change: -1% · Conversion: Easy
RETAIL STORES
$705,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$125 / 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
$10,967
Tax year 2023
Assessed value
$495,000
Assessed 2023
Previous assessed
$455,460
+8.7% YoY
Effective rate
2.22%
On assessed value
Assessed land
$110,370
Assessed improvement
$384,630
Land market value
$110,370
Improvement market value
$384,630
Total market value
$495,000
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
6
Total area
5,059 SF
Lot
0.69 ac (30,223 SF)
Zoning code
RO RESIDENT/OFFICE
APN
20E-19S-18-22110
UPID
US18-4045221
Jurisdiction
CITRUS
Zoning & alternative use
RO RESIDENT/OFFICE · Inverness, FL
Zoning RO RESIDENT/OFFICE · permitted uses
RO RESIDENT/OFFICE · 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
OFFICE BUILDING Current
Est. value
$855,000
COMMERCIAL (GENERAL)
Est. value
$845,000
RETAIL STORES
Est. value
$705,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
6
Lot
0.69 ac
Current owner
From public records · entity-resolved
Desautel Stringer
Individual
Mailing address
609 W HIGHLAND BLVD, INVERNESS, FL 34452-4638
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 2, 2005
—
Desautel Stringer
Stringer Desautel & Seneriz
Quit Claim Deed
related
—
Oct 15, 1999
$405,000
Deture
Osterhout & Jenkins
Grant Deed
$410,000 · Suntrust Bank Nature Coast
Oct 1, 1989
—
Osterhout
Owner Name Unavailable
Grant Deed
related
—
—
—
Desautel Stringer
—
Deed Of Trust
related
$144,000 · Suntrust Bank NA
—
—
Stringer Desautel & Seneriz Ll
—
Loan Modification
related
$467,500 · Old Fl Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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