Mixed-Use Storage and Development
For Sale
$450,000
3362 Carl G Rose Highway, Hernando, FL 34442
A 3.8-acre site with existing RV and boat storage and two zoning designations: General Commercial and Low Density Residential.
Property Size1,591 SF
Lot Size3.80 Acres
Price / SF$282.84
Days on Market48
Property Features for 3362 Carl G Rose Highway
General Information
Standard status
Active
Size
1,591 SF
Lot size
3.80 Acres
Property subtype
Mixed Use
Zoning
GNC / LDR
Taxes and HOA fees
Annual Taxes
$3,214
Amenities
Central Air, Window/Wall Unit
3
Oversized Lot.
Building Details
Year Built
1965
Listing Agency:
KELLER WILLIAMS CORNERSTONE RE
(352) 369-4044
Listed By:
Julie Beck · License #3403501
Source:
Xome
Added: Jul 7
Changed: Aug 23
Last Checked: Aug 22 at 6:51AM
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 KELLER WILLIAMS CORNERSTONE RE
Investment Insights
Based on property information with market context.
The property is a 3.8-acre mixed-use site currently used as an RV and boat storage facility. Existing improvements, utility connections, and multiple structures are in place to support redevelopment or expansion. Sewer service is connected to the primary commercial building, and the property is offered As-Is.
Approximately 2.2 acres are zoned General Commercial (GNC) and 1.6 acres are zoned Low Density Residential (LDR). The site is positioned along a well-traveled county road and is described as being near public boat ramps, campgrounds, state parks, and other recreational destinations.
The combined zoning and existing storage use provide flexibility for future development opportunities, subject to county approvals and verification of all details by the buyer and buyer’s agent, including measurements, zoning, future land use, permitted uses, improvements, and utilities.
Approximately 2.2 acres are zoned General Commercial (GNC) and 1.6 acres are zoned Low Density Residential (LDR). The site is positioned along a well-traveled county road and is described as being near public boat ramps, campgrounds, state parks, and other recreational destinations.
The combined zoning and existing storage use provide flexibility for future development opportunities, subject to county approvals and verification of all details by the buyer and buyer’s agent, including measurements, zoning, future land use, permitted uses, improvements, and utilities.
Key Highlights
- 3.8‑acre mixed‑use site in Hernando, FL with existing RV and boat storage facility
- Zoned 2.2 acres General Commercial (GNC) and 1.6 acres Low Density Residential (LDR)
- Existing sewer service to the primary commercial building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,525
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$270,500
$270.5K
Cap Rate 7%
$193,214
$193.2K
Cap Rate 9%
$150,278
$150.3K
Market Conditions
NOI Build-Up for 1,591 SF
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.
Gross rent
$21.0K $13.20/SF
− Vacancy
−$1.7K −$1.06/SF
EGI
$19.3K $12.14/SF
− OpEx
−$5.8K −$3.64/SF
NOI
$13.5K $8.50/SF
Area
Citrus County, FL
Vacancy
8.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$270,500
Cap Rate 7%
$193,214
Cap Rate 9%
$150,278
Alternative Uses
Best Use
Self Storage
$193.2K
$169.1K – $225.4K
NOI $13,525 @ 7.0% cap · market cap 3.01%
Second Best
Warehouse
$165.2K
$144.5K – $192.7K
NOI $11,563 @ 7.0% cap · market cap 2.57%
Theoretical Best
Specialty Retail
$357.5K
$312.8K – $417.1K
NOI $25,025 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
75
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Self storage facility - A 3.8-acre site with existing RV and boat storage and two zoning designations: General Commercial and Low Density Residential.
Where is this self storage facility located?
The property is located at 3362 Carl G Rose Highway Hernando, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3.8‑acre mixed‑use site in Hernando, FL with existing RV and boat storage facility; Zoned 2.2 acres General Commercial (GNC) and 1.6 acres Low Density Residential (LDR); Existing sewer service to the primary commercial building
