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    The Largest CRE Database in the US with Over 1 Million Listings

    7088 N Lecanto Hwy Hernando, FL 34442

    Sponsored
    For Sale
    $699,000

    Ranch, Farm - HERNANDO, FL

    Type:Farm
    Property size:
    1,799 SF
    Lot size:
    18.95 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 2 at 1:20 am

    Property Features for 7088 N Lecanto Hwy

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    RURMH/TCU
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    2
    APN
    19E17S32 11100
    Parking features
    Garage, Garage - Attached
    Interior features
    Primary Bedroom Main Floor
    Exterior features
    Paved, Fencing, Lighting
    Fencing
    Fenced
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Size
    1,799 SF
    Lot size
    18.95 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1972
    Flooring type
    Tile
    Building materials
    Block, Stucco
    Roof type
    Metal
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Dixie Parsley

    Parsley Real Estate, Inc. (352) 220-4355

    Listing agent Dixie Parsley (352) 220-4355 License #0166108

    Listing date Feb 1, 2026

    MLS# OM717880 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Hernando Ranch with Equestrian Amenities

    This property features an 18.95-acre ranch with a three-bedroom, two-bath CBS home. The home includes a metal roof, front and back porches, and a two-car garage. The yard around the home is fenced. The property includes two barns. One frame barn has six stalls, a large tack room, and hay, feed, and shavings storage, along with a covered porch area. The second barn has concrete block exterior walls and previously had 10 stalls; the divider walls have been removed, and the footing has been redone. The property is fenced and cross-fenced with seven large paddocks and a large, recently renovated and re-leveled arena with new footing. The property is located in Hernando, Florida, and offers the opportunity to ride to Bear Hammock/Two Mile Prairie on 2900 acres of state-owned land without trailering. The property is not in a flood zone and has no HOA. It is located an easy drive from Ocala, Crystal River, and Dunnellon. A boat ramp on the Withlacoochee River is 10 minutes away. The property is zoned RURMH/TCU.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    blueberry hill farm Equestrian Facility

    Suggested Use

    Building Supply Wholesale Shop Department Store Storage Facility Garden Center Discount Store Electronics Store Convenience Store Smoke and Vape Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hernando
    County
    Citrus
    State
    Florida
    Longitude
    -82.403503
    Latitude
    28.964081

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    FAQs

    What type of property is this?
    Horse & equestrian property - 18.95-acre ranch featuring barns, paddocks, and renovated arena.
    Where is this horse & equestrian property located?
    The property is located at 7088 N Lecanto Hwy Hernando, FL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - 18.95 acres of fenced and cross-fenced land with 7 paddocks and a renovated arena, ideal for horses or livestock.; - Two barns: a 6-stall frame barn with tack room and storage, and a concrete block barn with 10 stalls (divider walls removed for flexible use).; - Direct access to 2900 acres of state-owned land (Bear Hammock/Two Mile Prairie) for riding without trailering.
    (352) 220-4355
    Request Owner's contact information
    7088 N Lecanto 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
    7088 N Lecanto Hwy Hernando, FL 34442
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    We can help!
    Listing Contact
    Dixie Parsley
    Real Estate License ID: 0166108
    (352) 220-4355
    Learn more
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