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    4635 N Carl G. Rose Hwy Hernando, FL 34442

    Sponsored
    For Sale
    $295,000

    SINGLE_FAMILY - Hernando, FL

    Type:Office
    Lot size:
    0.70 Acres
    Days on Market:
    21
    Last Refresh:
    Jan 26 at 7:06 am

    Property Features for 4635 N Carl G. Rose Hwy

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Zoning
    GNC
    APN
    2619805
    Parking features
    Driveway
    Interior features
    FirstFloorEntry
    Exterior features
    Landscaping, PavedDriveway
    Lot size
    0.70 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central, Electric (Heating)
    Cooling system
    Electric, Central Air
    Water source
    Well

    Building Details

    Year built
    1975
    Floors in Building
    1
    Flooring type
    Carpet, Vinyl, Tile
    Building materials
    Frame, Stucco
    Roof type
    Metal
    Additional Structures
    Shed(s)

    We can help!

    Listing Contact
    Dixie Parsley
    Dixie Parsley

    Parsley Real Estate, Inc. (352) 726-2628

    Listing agent Dixie Parsley (352) 726-2628 License #166108

    Listing date Jan 6, 2026

    MLS# 849322

    Copyright © 2026 REALTORS Association of Citrus County, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Buildings on State Road

    Located on a corner parcel with general commercial zoning on State Road 200, this property features two buildings being sold together. The building at 4635 N Carl G. Rose Highway, approximately 2350 square feet, has functioned as a real estate office for around 50 years. It includes 8 offices, a reception area, a conference/meeting room, 3 file rooms, a break room, and two half baths. This building was remodeled and expanded in 1990 and 1995, and it received a metal reroof in 2007, along with a new A/C unit in 2022. The building at 4611 N Carl G. Rose Highway has approximately 2400 square feet, including the garage, porches, and baths. It consists of 3 offices, two of which are tenant-occupied, and one vacant. This building also contains three half baths and a small garage. According to Property Appraiser records, the combined square footage of both buildings is approximately 4700 square feet. The property includes paved drives and parking, a billboard sign, a pole sign, and a letter marquee sign, along with two storage sheds and a fenced area. The property is being sold "as is". The intended use of the property is commercial. Real estate only is for sale, not the business.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Hernando
    County
    Citrus
    State
    Florida
    Longitude
    -82.3766
    Latitude
    28.930627

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    FAQs

    What type of property is this?
    Office building - Two commercial buildings with general commercial zoning on corner parcel.
    Where is this office building located?
    The property is located at 4635 N Carl G. Rose Hwy Hernando, FL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - General commercial zoning on State Rd. 200; - Corner parcel with two buildings included; - Building #4635: Setup with **8 offices, Reception area, conference room, file rooms, break room and two 1/2 baths**
    (352) 220-4355
    Request Owner's contact information
    4635 N Carl G. Rose Hwy Hernando, FL 34442
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    Hernando, FL 34442
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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
    4635 N Carl G. Rose Hwy Hernando, FL 34442
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    We can help!
    Listing Contact
    Dixie Parsley
    Dixie Parsley
    Real Estate License ID: 166108
    (352) 220-4355
    Learn more
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