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    Property profile & analytics

    616 Hwy 40th W Inglis, FL 34449

    • Investment properties
    • 5,200 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimation
    $50,000
    Last Sale
    Jul 24, 2023
    $60,000
    Location Intelligence
    Property ID
    US18-3860019
    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

    • Investment properties

    Property Details for 616 Hwy 40th W

    Year built
    1928
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.51 lot acres
    Property size
    5,200 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    830500000
    APU
    830500000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Inglis
    County
    Levy
    State
    Florida
    Longitude
    -82.6872
    Latitude
    29.0359
    CBSA code
    23540
    CBSA name
    GAINESVILLE, FL METROPOLITAN 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
    $1,529
    $0.00
    $0.00
    $43,799
    -
    $21,000
    $22,799
    $43,799

    Comparable in this City

    • Value Estimation by Request
      1,296 SF

      10930 201st St

      STORE/OFFICE (MIXED USE) • 1,296 SF
      10930 201st St, Inglis, FL 34449-3810
      View Details
    • Value Estimation by Request
      900 SF

      947 Hwy 40th E

      STORE/OFFICE (MIXED USE) • 900 SF
      947 Hwy 40th E, Inglis, FL 34449-9452
      View Details
    • Value Estimation by Request
      1,564 SF

      144 Hwy 40th W

      STORE/OFFICE (MIXED USE) • 1,564 SF
      144 Hwy 40th W, Inglis, FL 34449-9302
      View Details
    • Value Estimation
      $230,000
      3,040 SF

      517 Hwy 40th W

      STORE/OFFICE (MIXED USE) • 3,040 SF
      517 Hwy 40th W, Inglis, FL 34449-9300
      View Details
    • Value Estimation
      $325,000
      2,400 SF

      71 Hammock Rd

      STORE/OFFICE (MIXED USE) • 2,400 SF
      71 Hammock Rd, Inglis, FL 34449-9541
      View Details
    • Value Estimation by Request
      2,232 SF

      14440 Hwy 19

      STORE/OFFICE (MIXED USE) • 2,232 SF
      14440 Hwy 19, Inglis, FL 34449-2714
      View Details

    Similar Nearby for Sale

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    • $69,900
      0.31 Acres

      Waterfront Land in Inglis, Florida

      Vacant .31-acre lot on canal to Lake Rousseau.
      201St St, Inglis, FL 34449
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    • Contact for pricing

      Land For Sale

      Land available for purchase.
      55 Aragon Dr, Inglis, FL 34449
      View Details
    • Contact for pricing
      0.23 Acres

      Inglis Land Parcel For Sale

      0.23 acre parcel in Inglis, Florida, on paved road.
      SE 110Th Ave, Inglis, FL 34449
      View Details
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    616 Hwy 40th W
    Inglis, FL 34449
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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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