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Property profile & analytics
OFF-MARKET
Office buildings

8929 Gulf To Lk Hwy 2 Inverness, FL 34450-5224

2,865 SF 0.39 ac lot Built 1977
Individually Owned 2-yr Hold Free & Clear
Property ID
US18-6094583
Property summary
AI-generated overview

This exceptional 4,000 sq ft commercial property in Inverness, Florida, presents a unique investment opportunity. Recently renovated in 2024, the building boasts multiple versatile spaces. Space #1 is a 1,250 sq ft garage with three 10x12' roll-up doors, ideal for automotive or marine repair. Space #2 offers 1,000 sq ft of finished office and residential space, including a bathroom and plumbing/electric for a kitchen on the ground floor, and an additional bathroom and room/office upstairs. Space #3 comprises a 1,750 sq ft warehouse with a ground-level dock door and ramp, high ceilings, and a full paint booth. The property features 3-phase electric power, direct waterfront access to the Inverness chain of lakes with a private boat ramp, and nearly 300 feet of frontage on Highway 44. Situated in a high-visibility, high-traffic area, less than a quarter-mile from the new Preservation Point luxury RV resort, this property is zoned CLC and offers a multitude of potential uses, including automotive and marine repair, professional offices, warehousing, retail, restaurants, bars, or watercraft rentals. The 0.78-acre lot includes a two-story building constructed in 1977. The asking price is $499,000, translating to $124.75 per square foot. This owner/user opportunity is ready for immediate occupancy.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1977
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,865 SF
Lot 0.39 ac (16,884 SF)
Zoning code CLC COASTAL LAKES COMMERC
APN 20E-19S-11-0020-00040-003.0
UPID US18-6094583
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
by Request
CAP Approach CAP
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Comparable Approach Comparable
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by Request
Owner & transaction history
Eric Hobein · 2 yrs held
Eric Hobein
since 2024
5 recorded transactions
2024
Price N/A
2023
Price N/A
2023
$210,000
2001
$125,000
1969
Price N/A
Zoning & alternative use
CLC COASTAL LAKES COMMERC · Inverness, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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