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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Medical Office Space
820 Bea Ave Inverness, FL 34452-3603
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3691309
Property summary
AI-generated overview
This exceptional 4,300+/- square foot single-tenant office building presents a remarkable lease opportunity in Inverness, Florida. Situated on a 1.82-acre lot at 820 S Bea Ave, this property boasts prime visibility and accessibility directly on SR 44, between Inverness and Crystal River. Built in 1997, the single-story building features a spacious reception and waiting area, multiple private offices with private restrooms, and exam rooms/offices equipped with sinks. A convenient break room is also included. The property is zoned GNC/General Commercial within Citrus County (APN 1669651) and offers ample parking, including a covered porte-cochere for sheltered entry and exit. Its strategic location is highly advantageous, falling between Citrus Memorial Hospital in Inverness and Tampa General Hospital in Crystal River. The property's excellent visibility is further enhanced by lighted SR 44 signage. All information is believed accurate but is not guaranteed and is subject to change without notice.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,728 SF
Lot
1.82 ac (79,105 SF)
Zoning code
GNC GEN COMMERCIAL
APN
19E-19S-10-0010-192.0
UPID
US18-3691309
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$940k
Blend (final)
Blend
$1.18M
Owner & transaction history
Wcf Rental Properties LLC · 5 yrs held
Wcf Rental Properties LLC
since 2020
Last sale
$1.2M
2 recorded transactions
Zoning & alternative use
GNC GEN COMMERCIAL · 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
$1,120,000
ML approach
$1,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,840,000
Current use
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10% · vs last sale $1.21M (Sep 4 2020)
Last sale anchor
$1.21M
Sep 4 2020
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
$135 / 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
$19,173
Tax year 2023
Assessed value
$1,205,340
Assessed 2023
Previous assessed
$1,106,240
+9.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$299,910
Assessed improvement
$905,430
Land market value
$299,910
Improvement market value
$905,430
Total market value
$1,205,340
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
10
Total area
8,728 SF
Lot
1.82 ac (79,105 SF)
Zoning code
GNC GEN COMMERCIAL
APN
19E-19S-10-0010-192.0
UPID
US18-3691309
Jurisdiction
CITRUS
Zoning & alternative use
GNC GEN COMMERCIAL · Inverness, FL
Zoning GNC GEN COMMERCIAL · permitted uses
GNC GEN 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 Current
Est. value
$1.8M
MEDICAL BUILDING 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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
10
Lot
1.82 ac
Current owner
From public records · entity-resolved
Wcf Rental Properties LLC
Entity
Mailing address
308 W HIGHLAND BLVD, INVERNESS, FL 34452-4716
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2020
$1,207,800
Wcf Rental Properties LLC
Citrus Professional Group LLC
Special Warranty Deed
$3,000,000 · Truist Bank
Jun 23, 2005
—
Nathan Rama V Trust
Nathan Family Ltd
Quit Claim Deed
—
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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