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    7300 Turner Cp Rd Inverness, FL 34453-1492
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    7300 Turner Cp Rd Inverness, FL 34453-1492

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    • Grocery and convenience stores
    • 2,400 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US18-5475376
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kwik Save Foodmart / Grocery & Convenience Store

    Property Details for 7300 Turner Cp Rd

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.00 lot acres
    Property size
    2,400 SF
    Zone code
    CLR COASTAL LAKES & RVRS
    Property type
    Grocery and convenience stores
    APN
    20E-18S-33-31000-004.0
    APU
    20E18S33310000040

    Description

    This exceptional commercial property, located at 7300 E Turner Camp Road, Inverness, FL 34453, presents a unique investment opportunity. The 2,400 square foot retail building sits on a spacious 43,612 square foot lot and is currently operational. A key advantage is its strategic location near Highway 41 southbound, providing easy access to Inverness and other nearby cities like Hernando and Dunnellon. The property benefits from its proximity to the Wyld Palms subdivision, ensuring a consistent customer base. The building features a recently installed metal roof (February 2024), upgraded cooler compressors and interior units (2 years ago), and a 5-ton AC unit (installed 5 years ago). All coolers and freezers are seller-owned, except for the Red Bull cooler, which is vendor-supplied. Note that a second, closed convenience store at 6011 E Turner Camp Road was previously purchased by the seller to eliminate competition. This presents a potential for expansion or additional revenue streams. This property is ideal for an investor seeking a profitable retail venture in a rapidly growing area. The asking price is $875,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Inverness
    County
    Citrus
    State
    Florida
    Longitude
    -82.3123
    Latitude
    28.8789
    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
    $3,056
    $50,180
    $126,950
    $177,130
    -
    $50,180
    $126,950
    $177,130

    Comparable in this City

    • Value Estimation
      $580,000
      3,600 SF

      2901 Gulf To Lk Hwy

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      2901 Gulf To Lk Hwy, Inverness, FL 34453-3219
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    • Value Estimation by Request
      966 SF

      79 Florida Ave

      CONVENIENCE STORE • 966 SF
      79 Florida Ave, Inverness, FL 34453-1604
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    • Value Estimation by Request
      154 SF

      2419 Gulf To Lk Hwy

      CONVENIENCE STORE • 154 SF
      2419 Gulf To Lk Hwy, Inverness, FL 34453-3232
      View Details
    • Value Estimation by Request
      2,000 SF

      2612 Hwy 44th W

      CONVENIENCE STORE • 2,000 SF
      2612 Hwy 44th W, Inverness, FL 34453-3726
      View Details
    • Value Estimation by Request
      1,696 SF

      6011 Turner Cp Rd

      CONVENIENCE STORE • 1,696 SF
      6011 Turner Cp Rd, Inverness, FL 34453-1271
      View Details
    • Value Estimation by Request
      903 SF

      243 Croft Ave

      RETAIL STORES (PERSONAL SERVICES) • 903 SF
      243 Croft Ave, Inverness, FL 34453-0530
      View Details

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    • $1,000 /Mo
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    Inverness, FL 34453-1492
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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