Retail Building with Road
For Sale
$285,000
4655 N CARL G. ROSE Highway, Hernando, FL 34442
SINGLE_FAMILY - HERNANDO, FL
Property Size1,629 SF
Lot Size0.48 Acres
Price / SF$174.95
Days on Market272
Property Features for 4655 N CARL G. ROSE Highway
General Information
Property type
Residential
Property subtype
Retail
Zoning
GNC
Directions
From Ocala, go West on State Rd. 200, cross over the Withlacoochee River into Citrus County and property will be on the left.
Subdivision
34442 - Hernando
Standard status
Active
APN
19E18S140010 0050
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Apache Shores, Unit 1, The N. 140' of Block 5
Tax Annual Amount
2819
Legal Description
Apache Shores, Unit 1, The N. 140' of Block 5
Utilities
Utilities
Phone Available
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
1992
Flooring type
Carpet
Building materials
Block, Stucco
Roof type
Metal
Listing Agency:
PARSLEY REAL ESTATE INC
(352) 220-4355
Listed By:
Dixie Parsley · License #0166108
(352) 220-4355
Added: Nov 19, 2025
Changed: Jul 20
Last Checked: Aug 18 at 8:06AM
MLS# OM713963
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale retail building was constructed in 1992 and includes an additional screened rear porch area. The property features a metal roof installed in 2015, and offers paved parking along with the main building and porch space that can support storage, a break area, or other adaptable use.
Situated at 4655 N CARL G. ROSE Highway in Hernando (Citrus County), the parcel offers 140' of frontage on State Rd. 200. The site includes a center turn lane for access, and because it is a corner parcel, it provides paved road access on all 4 sides to support ingress and egress for customers, deliveries, and service vehicles.
The property is listed with GNC zoning and represents a versatile retail or service-oriented site based on that zoning designation.
Situated at 4655 N CARL G. ROSE Highway in Hernando (Citrus County), the parcel offers 140' of frontage on State Rd. 200. The site includes a center turn lane for access, and because it is a corner parcel, it provides paved road access on all 4 sides to support ingress and egress for customers, deliveries, and service vehicles.
The property is listed with GNC zoning and represents a versatile retail or service-oriented site based on that zoning designation.
Key Highlights
- 140' frontage on State Rd. 200 with a center turn lane for easier access
- Corner parcel with paved road access on all 4 sides for customer, delivery, and service vehicle ingress/egress
- 1629 SF building built in 1992 with an additional 200 SF screened rear porch for storage, a break area, or workspace
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,651
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$313,020
$313.0K
Cap Rate 7%
$223,586
$223.6K
Cap Rate 9%
$173,900
$173.9K
Market Conditions
NOI Build-Up for 1,629 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.4K $15.00/SF
− Vacancy
−$2.1K −$1.28/SF
EGI
$22.4K $13.73/SF
− OpEx
−$6.7K −$4.12/SF
NOI
$15.7K $9.61/SF
Area
Citrus County, FL
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$313,020
Cap Rate 7%
$223,586
Cap Rate 9%
$173,900
Alternative Uses
Best Use
Retail
$223.6K
$195.6K – $260.9K
NOI $15,651 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$366.0K
$320.3K – $427.0K
NOI $25,622 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 34442, FL
16,759
Population
9,852
Households
1.7
Avg Household Size
63
Median Age
27%
College-Educated
95%
High-School Grad
36.4 sq mi
ZIP Area
460
Density / Sq Mi
$55,473
Median Household Income
$36,864
Median Earnings
$965
Median Rent
$295,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail building on a corner parcel with 140' frontage, paved parking, and a screened rear porch for added flexibility.
Where is this retail space located?
The property is located at 4655 N CARL G. ROSE Highway Hernando, FL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 140' frontage on State Rd. 200 with a center turn lane for easier access; Corner parcel with paved road access on all 4 sides for customer, delivery, and service vehicle ingress/egress; 1629 SF building built in 1992 with an additional 200 SF screened rear porch for storage, a break area, or workspace
