Zoned Office Building with
1635 N Florida Avenue Hernando, FL 34442
1635 N Florida Avenue, Hernando, FL, 34442
$238,500
For Sale
$238,500
Office space with three offices, lobby, kitchen, two baths, and conference area, plus a front sitting porch.
Property Size1,404 SF
Price / SF$169.87
Days on Market355
Property Features for 1635 N Florida Avenue
General Information
- Standard status
- Active
- Size
- 1,404 SF
- Property subtype
- Office
Building Details
- Year Built
- 1979
Listing agency
ERA American Suncoast Realty
(352) 212-6028
Listed by
Karen Stukes · License #618246
(352) 212-6028
Source
Xome
Added: Aug 1, 2025 Updated: Jul 20 at 7:54PM Checked: Jul 21 at 3:53AM
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 ERA American Suncoast Realty
Investment Insights
Based on property information with market context.
This office property is configured for day-to-day business use, offering three office areas, a lobby, full kitchen, two bathrooms, and laundry hook-ups. A dedicated conference area includes a fireplace, and the home features vaulted ceilings. Additional exterior appeal is provided by a front sitting porch.
The property is zoned GNC and is described as not being located in a flood zone. The LED lighting noted in the remarks is intended to support electric usage efficiency.
Recent updates listed include a roof installed in 2014, water heater in 2022, windows in 2014, newer flooring, a well tank from 2021, and an A/C system from 2007. The offering is presented as turn-key and ready for occupancy.
The property is zoned GNC and is described as not being located in a flood zone. The LED lighting noted in the remarks is intended to support electric usage efficiency.
Recent updates listed include a roof installed in 2014, water heater in 2022, windows in 2014, newer flooring, a well tank from 2021, and an A/C system from 2007. The offering is presented as turn-key and ready for occupancy.
Key Highlights
- Business‑zoned home (GNC) currently used as office space with 3 office areas plus lobby.
- Conference area with fireplace, full kitchen, and 2 baths—plus laundry hook‑ups.
- Central air (electric) and tile and carpet flooring throughout.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.3k | $18.00 |
| − Vacancy | −$5.6k | −$3.96 |
| EGI | $19.7k | $14.04 |
| − OpEx | −$4.9k | −$3.51 |
| NOI | $14.8k | $10.53 |
1,404 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$211.2K
$184.8K – $246.4K
NOI $14,784 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$315.5K
$276.0K – $368.1K
NOI $22,083 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Office space with three offices, lobby, kitchen, two baths, and conference area, plus a front sitting porch.
Where is this office building located?
The property is located at 1635 N Florida Avenue Hernando, FL.
What is the asking price?
The asking price for this property is $238,500.
What are key features of this property?
This property features: Business‑zoned home (GNC) currently used as office space with 3 office areas plus lobby.; Conference area with fireplace, full kitchen, and 2 baths—plus laundry hook‑ups.; Central air (electric) and tile and carpet flooring throughout.
