Multi-Tenant Mixed-Use
For Sale
$800,000
1298 E Norvell Bryant Highway, Hernando, FL 34442
CommercialSale, Hernando, FL
Property Size5,903 SF
Lot Size0.88 Acres
Price / SF$135.52
Days on Market49
Property Features for 1298 E Norvell Bryant Highway
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
GNC
Parking
24
Parking features
Driveway, Parking Lot
Exterior features
PavedDriveway
Subdivision
Not on List
Lot features
Cleared, Flat
Directions
From Downtown Hernando, head West on E Norvell Bryant Hwy for 2.3 Miles and you should reach your destination on the left side of the street.
Standard status
Active
APN
3230643
Lot size
0.88 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HERCALA ACRES UNIT 2 PT OF LOT 161 FURTHER DESC AS: COM AT NW COR OF LT 86 OF SD PLAT TH S 71DEG 57M 34S E AL S'LY R/W LN OF CO RD 486 592.75 FT TO THE BEG OF A TANGENT CURVE CONCAVED NE'LY HAVING A RADIUS OF 2914.93 FT A CENTRAL ANGLE OF 18DEG 05M 2 0S TH AL ARC OF SD CURVE 135.39 FT THROUGH A CENTRAL ANGLE OF 02DEG 39M 40S (CHORD BEARING AND DISTANCE BETWEEN SD PTS BEING S 73DEG 17M 24S E 135.98 FT) TO POB TH CONT AL SD CURVE 150 FT THROUGH A CENTRAL ANGLE OF 02DEG 56M 54S (CHORD BEARING AND DI STANCE BETWEEN SD PTS BEING S 76DEG 05M 41S E 149.98 FT) TH S 300 FT TH N 76DEG 05M 41S W 149.98 FT TH N 300 FT TO POB THE BEARINGS HEREIN REFERRED TO THE BEARING (S 71DEG 57M 34S E ) OF N LN OF LT 86 DESC IN OR BK 1346 PG 1724 & OR BK 1518 PG 1131
Tax Annual Amount
7595
Legal Description
HERCALA ACRES UNIT 2 PT OF LOT 161 FURTHER DESC AS: COM AT NW COR OF LT 86 OF SD PLAT TH S 71DEG 57M 34S E AL S'LY R/W LN OF CO RD 486 592.75 FT TO THE BEG OF A TANGENT CURVE CONCAVED NE'LY HAVING A RADIUS OF 2914.93 FT A CENTRAL ANGLE OF 18DEG 05M 2 0S TH AL ARC OF SD CURVE 135.39 FT THROUGH A CENTRAL ANGLE OF 02DEG 39M 40S (CHORD BEARING AND DISTANCE BETWEEN SD PTS BEING S 73DEG 17M 24S E 135.98 FT) TO POB TH CONT AL SD CURVE 150 FT THROUGH A CENTRAL ANGLE OF 02DEG 56M 54S (CHORD BEARING AND DI STANCE BETWEEN SD PTS BEING S 76DEG 05M 41S E 149.98 FT) TH S 300 FT TH N 76DEG 05M 41S W 149.98 FT TH N 300 FT TO POB THE BEARINGS HEREIN REFERRED TO THE BEARING (S 71DEG 57M 34S E ) OF N LN OF LT 86 DESC IN OR BK 1346 PG 1724 & OR BK 1518 PG 1131
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
2007
Floors in Building
1
Flooring type
Tile, Laminate
Building materials
Stucco
Roof type
Asphalt, Shingle
Listing Agency:
Century 21 J.W.Morton R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Elias Kirallah · License #3123414
(352) 400-2635
Added: Aug 19
Changed: Oct 4
Last Checked: Oct 6 at 10:06PM
MLS# 857065
Copyright © 2026 REALTORS Association of Citrus County, Inc. 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.
The mixed-use property contains a 5,903-square-foot building divided into six units. Built in 2007, it is approximately 90% occupied and sits on 0.88 acres. The exterior includes stucco and floor-to-ceiling retail glass, while interior flooring includes laminate and tile. Central air, a paved driveway, and a parking lot serve the property.
Zoned GNC, the property is located at 1298 E Norvell Bryant Highway in Hernando, Florida. Public water and public sewer are available. The existing space accommodates office and retail uses, with medical, restaurant, and other commercial uses also identified in the property information.
Zoned GNC, the property is located at 1298 E Norvell Bryant Highway in Hernando, Florida. Public water and public sewer are available. The existing space accommodates office and retail uses, with medical, restaurant, and other commercial uses also identified in the property information.
Key Highlights
- 5,903‑square‑foot building with six units
- Approximately 90% occupied
- 0.88‑acre site zoned GNC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,713
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,260
$1.1M
Cap Rate 7%
$810,186
$810.2K
Cap Rate 9%
$630,144
$630.1K
Market Conditions
NOI Build-Up for 5,903 SF
Gross rent
$88.5K $15.00/SF
− Vacancy
−$7.5K −$1.28/SF
EGI
$81.0K $13.73/SF
− OpEx
−$24.3K −$4.12/SF
NOI
$56.7K $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 Rate 5%
$1,134,260
Cap Rate 7%
$810,186
Cap Rate 9%
$630,144
Alternative Uses
Best Use
Retail
$810.2K
$708.9K – $945.2K
NOI $56,713 @ 7.0% cap · market cap 7.09%
Second Best
Mixed Use
$789.8K
$691.1K – $921.4K
NOI $55,285 @ 7.0% cap · market cap 6.91%
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $92,847 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Office units
90%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
91
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and retail spaces occupy a commercial property served by public water and sewer.
Where is this mixed-use property located?
The property is located at 1298 E Norvell Bryant Highway Hernando, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 5,903‑square‑foot building with six units; Approximately 90% occupied; 0.88‑acre site zoned GNC
