Retail/Restaurant Property with Two
For Sale
$237,500
7103 N CARL G ROSE Highway, Hernando, FL 34442
SINGLE_FAMILY - HERNANDO, FL
Property Size2,016 SF
Lot Size0.33 Acres
Price / SF$117.81
Days on Market228
Property Features for 7103 N CARL G ROSE Highway
General Information
Property type
Residential
Property subtype
Retail
Zoning
GNC
Subdivision
ROYAL COACH VILLAGE UNREC SUB
Directions
From US-41, travel west on SR 200 (W Norvell Bryant Hwy) approximately 2 miles. Property is located on the right at 7103 N Carl G Rose Hwy, Hernando. The additional vacant parcel at 3784 E Camelot Pl is adjacent to the improved property.
Standard status
Active
APN
19E-17S-35-0000-2B0B0-00A0
Size
2,016 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROYAL COACH VLG UNREC SUB LOT A BLK B : COM AT THE NE CAORNER OF THE SE 1/4 OF SEC 35-17-19 TH S 89DEG 52M 1 0S W AL THE N LN OF SD SE 1/4 A DIS OF 366.81 FT TO A PT ON THE SE'LY R/W LN OF ST RD 200 SD PT BEING 50 FT FROM MEASURED AT A RIGHT ANGLE TO THE CNTRLN OF SD ST RD 200 TH S 41DEG 56M 56S W AL SD R/W LN A DIS OF 539 .39 FT TO THE POB SD PT BEING ON THE SW'LY R/W LN OF A CO TD TH S 44DEG 53M 25S E AL SD SW'LY R/W LN A DIS O F 96.71 FT TH S 22DEG 29M 23S W 130 FT TH N 44DEG 53M 25S W 140.08 FT TO A PT ON THE SE'LY R/W LN OF ST RD 2 00 TH N 41DEG 56M 56S E AL SD R/W LN A DIS OF 120.18 F T TO THE POB
Tax Annual Amount
2003
Legal Description
ROYAL COACH VLG UNREC SUB LOT A BLK B : COM AT THE NE CAORNER OF THE SE 1/4 OF SEC 35-17-19 TH S 89DEG 52M 1 0S W AL THE N LN OF SD SE 1/4 A DIS OF 366.81 FT TO A PT ON THE SE'LY R/W LN OF ST RD 200 SD PT BEING 50 FT FROM MEASURED AT A RIGHT ANGLE TO THE CNTRLN OF SD ST RD 200 TH S 41DEG 56M 56S W AL SD R/W LN A DIS OF 539 .39 FT TO THE POB SD PT BEING ON THE SW'LY R/W LN OF A CO TD TH S 44DEG 53M 25S E AL SD SW'LY R/W LN A DIS O F 96.71 FT TH S 22DEG 29M 23S W 130 FT TH N 44DEG 53M 25S W 140.08 FT TO A PT ON THE SE'LY R/W LN OF ST RD 2 00 TH N 41DEG 56M 56S E AL SD R/W LN A DIS OF 120.18 F T TO THE POB
Utilities
Cooling system
Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1975
Floors in Building
1
Building materials
Block
Roof type
Metal
Listing Agency:
PROFESSIONAL REALTY OF OCALA
(352) 421-9183
Listed By:
Inayra Alvarez · License #3587986
(352) 533-9081
Added: Jan 1
Changed: Aug 13
Last Checked: Aug 17 at 11:06AM
MLS# OM718666
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 offering includes two parcels sold together. The improved parcel at 7103 N Carl G Rose Highway (0.33 ac) contains two separate buildings that were previously used as restaurant/commercial space. The first building has 816 square feet of living area and 1,096 square feet under roof, including two half bathrooms. The second building has 1,200 square feet of living area and 1,920 square feet under roof, also including two half bathrooms. The property is served by a private well and septic system.
The second parcel at 3784 E Camelot Pl (0.23 ac) is a vacant lot that may allow for expansion or future development. The overall site is described as highly visible along SR 200 (Norvell Bryant Hwy), with excellent highway frontage and a high traffic count. Zoning is listed as GNC.
Buyers and their agents should verify all measurements, zoning, intended use, and development requirements with Citrus County.
The second parcel at 3784 E Camelot Pl (0.23 ac) is a vacant lot that may allow for expansion or future development. The overall site is described as highly visible along SR 200 (Norvell Bryant Hwy), with excellent highway frontage and a high traffic count. Zoning is listed as GNC.
Buyers and their agents should verify all measurements, zoning, intended use, and development requirements with Citrus County.
Key Highlights
- Two parcels sold together on SR 200 (Norvell Bryant Hwy) with reported excellent highway frontage in Hernando
- Improved parcel at 7103 N Carl G Rose Hwy (.33 ac) includes 2 buildings totaling 3,016 sq ft under roof
- First building: 816 sq ft living area and 1,096 sq ft under roof, including two half bathrooms
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
$19,369
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
8.16%
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%
$387,380
$387.4K
Cap Rate 7%
$276,700
$276.7K
Cap Rate 9%
$215,211
$215.2K
Market Conditions
NOI Build-Up for 2,016 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
$30.2K $15.00/SF
− Vacancy
−$2.6K −$1.28/SF
EGI
$27.7K $13.73/SF
− OpEx
−$8.3K −$4.12/SF
NOI
$19.4K $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%
$387,380
Cap Rate 7%
$276,700
Cap Rate 9%
$215,211
Alternative Uses
Best Use
Specialty Retail
$453.0K
$396.4K – $528.5K
NOI $31,709 @ 7.0% cap · market cap 13.35%
Second Best
Retail
$276.7K
$242.1K – $322.8K
NOI $19,369 @ 7.0% cap · market cap 8.16%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
33
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Two buildings on a combined parcels sale, with prior restaurant/commercial use and private well and septic service.
Where is this retail space located?
The property is located at 7103 N CARL G ROSE Highway Hernando, FL.
What is the asking price?
The asking price for this property is $237,500.
What are key features of this property?
This property features: Two parcels sold together on SR 200 (Norvell Bryant Hwy) with reported excellent highway frontage in Hernando; Improved parcel at 7103 N Carl G Rose Hwy (.33 ac) includes 2 buildings totaling 3,016 sq ft under roof; First building: 816 sq ft living area and 1,096 sq ft under roof, including two half bathrooms
