Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Citrus County Industrial Lot Title is generated by Realmo AI

    871 E OVERDRIVE CIRCLE, Hernando, FL 34442

    View on Map
    Claim this Listing
    For Sale
    $79,000

    1.18-acre industrial lot in Citrus County, Florida.

    Type:Lots/Land
    Lot size:
    1.18 Acres
    Added:
    Feb 13, 2025
    Days on Market:
    470
    Last Refresh:
    May 19 at 11:48 pm

    Property Features for 871 E OVERDRIVE CIRCLE

    General Information

    Standard status
    Active
    Lot size
    1.18 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Crystal Schrader
    Crystal Schrader

    Listing agent Crystal Schrader License #3328569

    Listing office TROPIC SHORES REALTY LLC

    Listing date Feb 13, 2025

    Source Exitrealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of TROPIC SHORES REALTY LLC

    HighLights

    • 1.18‑acre industrial lot in Citrus County, Florida
    • Located in the established Citrus Industrial Park
    • Easy access to major highways and transportation routes
    • Located right off US HWY 41 (N Florida Ave)
    • Near N Lecanto HWY (491)
    • Opportunity to establish or expand business in a rapidly growing industrial corridor

    Overview

    A 1.18-acre industrial lot is available within the Citrus Industrial Park, located in Citrus County, Florida. The vacant lot is situated in an established industrial park with access to major highways and transportation routes. The property is located off US HWY 41 (N Florida Ave) near N Lecanto HWY (491).
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Department Store Kitchen & Bath Showroom Discount Store Furniture & Home Goods Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hernando
    County
    Citrus
    State
    Florida
    Longitude
    -82.4249521
    Latitude
    28.9531573

    Nearby Similar for Sale

    • $275,000
      16,470 SF

      Profitable Restaurant Business Opportunity

      Turn-key restaurant with catering, fully equipped, excellent location.
      2780 N FLORIDA AVENUE, HERNANDO, FL 34442
      View Details
    • $2,250,000
      9,071 SF

      Historic Building in Citrus Hills

      Versatile 9,071 SF commercial building on 3.01 acres.
      2455 N Citrus Hills Boulevard, Hernando, FL 34442
      View Details
    • $649,000
      11,000 SF

      Prime Development Site on Highway

      1.98 AC development site with highway frontage and visibility.
      161 W NORVELL BRYANT HIGHWAY, HERNANDO, FL 34442
      View Details
    • $675,000

      Prime Development Site in Hernando

      1.98 AC development site on Norvell Bryant Hwy.
      161 W Norvell Bryant Highway, Hernando, FL 34442
      View Details
    • $295,000
      4,700 SF

      Commercial Buildings on State Road 200

      Two commercial buildings with general commercial zoning on State Road.
      4635 & 4611 N Carl G. Rose Highway, Hernando, FL 34442
      View Details
    • $295,000
      4,700 SF

      Hernando Office Buildings on Highway

      Two office buildings with general commercial zoning on 0.7 acres.
      4635 & 4611 N CARL G. ROSE HIGHWAY, HERNANDO, FL 34442
      View Details
    • $375,000
      2,960 SF

      Commercial Property on High-Traffic Highway

      Two commercial properties with highway frontage, suitable for investors/owners.
      2018 N FLORIDA AVENUE, 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 HIGHWAY, HERNANDO, FL 34442
      View Details
    • $649,000

      Prime Development Site on Highway

      1.98 AC development site on primary commercial corridor.
      161 W NORVELL BRYANT HIGHWAY, HERNANDO, FL 34442
      View Details
    • $199,500

      Commercial Land in Hernando, Florida

      Commercial building lot with highway frontage and utilities available.
      3172 N AQUAVIEW TERRACE, HERNANDO, FL 34442
      View Details
    • $199,500

      Commercial Land in Hernando, Florida

      Commercial building lot with highway frontage and utilities available.
      3172 N Aquaview Terrace, Hernando, FL 34442
      View Details
    • $1,628,000

      Waterfront Commercial Land For Sale

      5.22 acre commercial waterfront property on Lake Tsala Apopka.
      5765 N Carl G Rose Highway, Hernando, FL 34442
      View Details

    FAQs

    What type of property is this?
    Industrial land - 1.18-acre industrial lot in Citrus County, Florida.
    Where is this industrial land located?
    The property is located at 871 E OVERDRIVE CIRCLE Hernando, FL.
    What is the asking price?
    The asking price for this property is $79,000.
    What are key features of this property?
    This property features: 1.18‑acre industrial lot in Citrus County, Florida; Located in the established Citrus Industrial Park; Easy access to major highways and transportation routes
    (727) 505-0013
    We can help!
    Listing Contact
    Crystal Schrader
    Crystal Schrader
    Real Estate License ID: 3328569
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    871 E OVERDRIVE CIRCLE, HERNANDO, FL 34442
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!