Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2018 N Florida Ave Hernando, FL 34442

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $375,000

    Two commercial properties in high-traffic area for the price of one.

    Lot size:
    0.25 Acres

    Property Features for 2018 N Florida Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.25 Acres

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Linda Bega
    Linda Bega
    Source: Elliman

    Listing Agent: Linda Bega

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Properties on High-Traffic Area

    This is an opportunity to own two commercial properties situated in a high-traffic area. The main building accommodates a retail antique store and a sign fabrication/car restoration business. The building features six offices/rooms, built-in desks and cabinets, a kitchen area, two bathrooms, and two sales areas. A warehouse/garage area is also present, equipped with three bay doors and an office. The sale includes an adjacent lot zoned GNC, suitable for additional parking, storage, or another business. The property benefits from 200 feet of frontage on Highway 41, offering visibility and accessibility. This property is suited for investors or business owners.
    Location Intelligence

    Current Use by Public Records

    Cave Creek Construction ... Construction Company Geo's Customs LLC Department Store Nature Coast Restoration Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hernando
    County
    Citrus
    State
    Florida
    Longitude
    -82.3694511
    Latitude
    28.8920406

    Nearby Similar for Sale

    • $375,000
      2,960 SF

      Commercial Property on High-Traffic Highway

      Two commercial properties with highway frontage, suitable for investors/owners.
      2018 N Florida Ave, Hernando, FL 34442
      View Details
    • $240,000
      816 SF

      Hernando Retail Opportunity on SR 200

      Commercial building and vacant lot on high-traffic SR 200.
      7103 N Carl G Rose Hwy, Hernando, FL 34442
      View Details
    • New
      $699,000
      Pending

      Hernando Ranch with Renovated Arena

      18.95 acre ranch featuring barns, paddocks, and renovated arena.
      7088 N Lecanto Hwy, Hernando, FL 34442
      View Details
    • $176,000
      0.19 Acres

      Turnkey Hernando Beauty Salon

      Established salon with immediate income potential in Hernando, Florida.
      3822 E Parsons Point Rd, Hernando, FL 34442
      View Details
    • $299,900
      1,500 SF

      Commercial Building Near Key Intersection

      Commercial building near CR 491 and SR 200 intersection in Hernando.
      7781 N Carl G Rose Hwy, Hernando, FL 34442
      View Details
    • $275,000

      Turn-Key Restaurant in Hernando, FL

      Profitable restaurant with catering, fully equipped, excellent visibility and accessibility.
      2780 N Florida Ave, Hernando, FL 34442
      View Details
    • $285,000
      1,629 SF

      Hernando Retail on State Road

      High-visibility retail property with versatile zoning and strong traffic.
      4655 N Carl G. Rose Hwy, Hernando, FL 34442
      View Details
    • $285,000
      0.48 Acres

      Commercial Property on State Road

      High-visibility commercial property with versatile zoning and highway frontage.
      4655 N Carl G. Rose Hwy, Hernando, FL 34442
      View Details
    • $3,299,000
      24.12 Acres

      Hernando RV Resort Approved Land

      24.12 acres approved for RV luxury resort development.
      3350 E Norvell Bryant Hwy, Hernando, FL 34442
      View Details
    • $2,400,000

      Hernando Self-Storage Facility For Sale

      Well-maintained self-storage facility with upside potential in high-demand market.
      921 E Norvell Bryant Hwy, Hernando, FL 34442
      View Details
    • $2,400,000

      Self-Storage Facility with Expansion Potential

      Well-maintained self-storage facility with 90 units and expansion pad.
      921 E Norvell Bryant Hwy, Hernando, FL 34442
      View Details
    • $445,000
      2,960 SF

      Hernando Retail Property - High Traffic Area

      Two buildings, high visibility, great investment.
      2018 Florida Ave, Hernando, FL 34442
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Two commercial properties in high-traffic area for the price of one.
    Where is this mixed-use property located?
    The property is located at 2018 N Florida Ave Hernando, FL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Two commercial properties for the price of one.; - High-traffic location with **200 feet of frontage on Highway 41**.; - Versatile main building suitable for multiple businesses with six offices/rooms, kitchen, bathrooms, and sales areas.
    (352) 726-5263
    Request Owner's contact information
    2018 N Florida Ave Hernando, FL 34442
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2018 N Florida Ave
    Hernando, FL 34442
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2018 N Florida Ave Hernando, FL 34442
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Linda Bega
    Linda Bega
    Real Estate License ID: 393153
    (352) 726-5263 (352) 212-2161
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!