Office Building with Screened Rear
For Sale
$285,000
4655 N Carl G. Rose Highway, Hernando, FL 34442
CommercialSale, Hernando, FL
Property Size1,629 SF
Lot Size0.48 Acres
Price / SF$174.95
Days on Market276
Property Features for 4655 N Carl G. Rose Highway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
GNC
Exterior features
Landscaping
Subdivision
Apache Shores Units 1-13
Lot features
Corner Lot
Directions
From Inverness travel N. on US Hwy. 41, bear Right on SR 200, approx. 2.5 miles to property on right. OR from Ocala, travel West on State Rd. 200, cross over the Withlacoochee River bridge into Citrus County to property on left.
Standard status
Active
APN
1594502
Lot size
0.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Apache Shores, Unit 1, The North 140' of Block 5, described in OR BK 850, PG 785 and OR BK 1666, PG 377
Tax Annual Amount
2818
Legal Description
Apache Shores, Unit 1, The North 140' of Block 5, described in OR BK 850, PG 785 and OR BK 1666, PG 377
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Well
Amenities
screened rear porch
Building Details
Year built
1992
Floors in Building
1
Flooring type
Wood, Carpet
Building materials
Stucco
Roof type
Metal
Listing Agency:
Parsley Real Estate, Inc.
(352) 726-2628
Listed By:
Dixie Parsley · License #166108
(352) 220-4355
Added: Nov 19, 2025
Changed: Aug 19
Last Checked: Aug 22 at 6:06PM
MLS# 850063
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.
This office building at 4655 N Carl G. Rose Highway was constructed in 1992 and totals 1,629 sq. ft. The property also includes an additional 200 sq. ft. screened rear porch, which can function as storage, a break area, or adaptable workspace. Exterior finishes include stucco, with interior flooring of carpet and wood. Heating is electric (Heating) with central distribution, and cooling is provided by central air. A metal roof was installed in 2015.
The corner parcel offers 140' frontage on State Rd. 200 and is described as providing paved road access on all 4 sides, supporting ingress and egress for customers, deliveries, and service vehicles. Site improvements include paved parking, and the property includes landscaping.
The property is zoned GNC and is presented with versatility for retail, professional, or service-based operations, supported by highway exposure and easy access for vehicles.
The corner parcel offers 140' frontage on State Rd. 200 and is described as providing paved road access on all 4 sides, supporting ingress and egress for customers, deliveries, and service vehicles. Site improvements include paved parking, and the property includes landscaping.
The property is zoned GNC and is presented with versatility for retail, professional, or service-based operations, supported by highway exposure and easy access for vehicles.
Key Highlights
- 140' frontage on State Rd. 200 with described high‑visibility exposure
- Corner parcel with paved road access on all 4 sides to support ingress/egress
- 1,629 sq. ft. office building constructed in 1992 plus 200 sq. ft. screened rear porch
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
$17,153
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
6.02%
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%
$343,060
$343.1K
Cap Rate 7%
$245,043
$245.0K
Cap Rate 9%
$190,589
$190.6K
Market Conditions
NOI Build-Up for 1,629 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
$29.3K $18.00/SF
− Vacancy
−$6.5K −$3.96/SF
EGI
$22.9K $14.04/SF
− OpEx
−$5.7K −$3.51/SF
NOI
$17.2K $10.53/SF
Area
Citrus County, FL
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$343,060
Cap Rate 7%
$245,043
Cap Rate 9%
$190,589
Alternative Uses
Best Use
Office B
$245.0K
$214.4K – $285.9K
NOI $17,153 @ 7.0% cap · market cap 6.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$366.0K
$320.3K – $427.0K
NOI $25,622 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
49
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 Office 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?
Office building - GNC-zoned office building with a metal roof installed in 2015, central HVAC, and paved on-site parking.
Where is this office building located?
The property is located at 4655 N Carl G. Rose Highway Hernando, FL.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 140' frontage on State Rd. 200 with described high‑visibility exposure; Corner parcel with paved road access on all 4 sides to support ingress/egress; 1,629 sq. ft. office building constructed in 1992 plus 200 sq. ft. screened rear porch
