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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Assisted living facilities
701 Medical E Ct, Inverness, FL 34452-4616
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US18-3362357
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
42,660 SF
Lot
3.92 ac (170,625 SF)
Zoning code
RO RESIDENT/OFFICE
APN
20E-19S-18-0080-010.0
UPID
US18-3362357
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
-
Citrus Health & Rehabilitation Nursing Home
-
Citrus Health & Rehabilitation Center Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$795k
Owner & transaction history
701 Medical Court East LLC · 11 yrs held
701 Medical Court East LLC
since 2015
7 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
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$935,000
Current use
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$19 / 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
$103,870
Tax year 2023
Assessed value
$4,688,046
Assessed 2023
Previous assessed
$4,569,590
+2.6% YoY
Effective rate
2.22%
On assessed value
Assessed land
$518,080
Assessed improvement
$4,169,966
Land market value
$518,080
Improvement market value
$4,169,966
Total market value
$4,688,046
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
60
Total area
42,660 SF
Lot
3.92 ac (170,625 SF)
Zoning code
RO RESIDENT/OFFICE
APN
20E-19S-18-0080-010.0
UPID
US18-3362357
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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$935,000
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
60
Lot
3.92 ac
Current owner
From public records · entity-resolved
701 Medical Court East LLC
Entity
Mailing address
400 RELLA BLVD STE #200, SUFFERN, NY 10901-4239
Ownership since
2015
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
Nov 20, 2019
—
701 Medical Court East LLC
—
Loan Modification
related
$12,453,900 · Graystone Fndg Co LLC
Feb 1, 2019
—
701 Medical Court East LLC
—
Deed
related
$15,700,000 · Greystone Svcng Corp
May 5, 2015
$1,200,000
701 Medical Court East LLC
Provident Group-citrus Props L
Grant Deed
—
Feb 25, 2009
—
Provident Group-citrus Health
Provident Group-citrus Props L
Quit Claim Deed
related
—
—
—
701 Medical Court East LLC
—
Loan Modification
related
$5,500,000 · Privatebank & Tr
—
—
701 Medical Court East LLC
—
Deed Of Trust
related
$15,700,000 · Greystone Svcng Corp
—
—
701 Medical Court East LLC
—
Deed Of Trust
related
$9,250,000 · Privatebank & Tr
—
—
701 Medical Court East LLC
—
Loan Modification
related
$5,500,000 · Privatebank & Tr
—
—
Provident Grp-citrus Props LLC
—
Deed Of Trust
related
$6,859,500 · Housing & Healthcare Finance
—
—
Provident Group-citrus Health
—
Deed Of Trust
related
$5,300,000 · Colonial 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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