6-Unit Mixed-Use
1298 E Norvell Bryant Highway, Hernando, FL 34442
For Sale
$775,000
Commercial Sale, Hernando, FL
Property Size5,903 SF
Lot Size0.88 Acres
Price / SF$131.29
Days on Market81
Property Features for 1298 E Norvell Bryant Highway
General Information
Property type
Property subtype
Zoning
Parking features
Lot features
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Cooling system
Water source
Amenities
attractive stacked-stone and stucco facade
floor-to-ceiling retail glass
modern interior spaces with high-quality finishes
Building Details
Year built
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
CENTURY 21 J.W.MORTON R.E. · Century 21 Real Estate
(352) 726-6668
Listed By:
Elias Kirallah · License #BK3123414
(352) 400-2635
Added: Aug 19
Changed: Nov 7
Last Checked: Nov 7 at 4:06AM
MLS# CC857065
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.
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Investment Insights
Based on property information with market context.
This six-unit mixed-use property contains 5,903 square feet in a block-and-stucco building completed in 2007. The approximately 0.88-acre site is zoned GNC. Interior features include laminate and tile flooring, with central air conditioning; the property also has open driveway parking. Public water and sewer serve the site.
The property is in Hernando, Florida, in Citrus County. The listing notes access to the Suncoast Parkway (SR 589) and a drive of approximately 55 minutes to Tampa International Airport. Lecanto, Beverly Hills, Downtown Crystal River, Homosassa, and Inverness are each described as within a 15-minute drive.
The property is in Hernando, Florida, in Citrus County. The listing notes access to the Suncoast Parkway (SR 589) and a drive of approximately 55 minutes to Tampa International Airport. Lecanto, Beverly Hills, Downtown Crystal River, Homosassa, and Inverness are each described as within a 15-minute drive.
Key Highlights
- Six units across 5,903 square feet
- Approximately 100% occupied
- 0.88‑acre site with GNC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,713
Cap Rate
7.32%
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 7.32%
Second Best
Mixed Use
$789.8K
$691.1K – $921.4K
NOI $55,285 @ 7.0% cap · market cap 7.13%
Theoretical Best
Specialty Retail
$1.33M
$1.16M – $1.55M
NOI $92,847 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway 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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - GNC-zoned commercial building with public water and sewer service.
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 $775,000.
What are key features of this property?
This property features: Six units across 5,903 square feet; Approximately 100% occupied; 0.88‑acre site with GNC zoning
