Commercial Building on High-Visibility
For Sale
$237,500
7103 Carl G Rose Highway, Hernando, FL 34442
Commercial building and vacant lot on high-traffic SR 200.
Property Size1,624 SF
Price / SF$146.24
Days on Market264
Property Features for 7103 Carl G Rose Highway
General Information
Standard status
Active
Size
1,624 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$2,003
Amenities
Window/Wall Unit
3
Building Details
Year Built
1975
Listing Agency:
PROFESSIONAL REALTY OF OCALA
(352) 421-9183
Listed By:
Inayra Alvarez · License #3587986
Source:
Xome
Added: Dec 3, 2025
Changed: Aug 23
Last Checked: Aug 23 at 8:57AM
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 PROFESSIONAL REALTY OF OCALA
Investment Insights
Based on property information with market context.
This commercial opportunity is located on a high-visibility section of SR 200 in Hernando. The sale includes two parcels: one at 7103 N Carl G Rose Hwy, featuring an approximately 816 SF commercial building that previously operated as a deli/restaurant, and an adjacent vacant lot at 3784 E Camelot Pl. The properties are zoned GNC and benefit from excellent exposure and high traffic flow. Potential uses include restaurant, retail, or office space, with possibilities for future expansion. This offering represents an investment opportunity in a rapidly growing commercial corridor. Buyers should independently verify all measurements and zoning regulations with Citrus County. The location has a walk score of 5, indicating car dependence, and a bike score of 28, indicating it is somewhat bikeable.
Key Highlights
- High‑visibility location on SR 200 in Hernando.
- Zoned GNC, suitable for restaurant, retail, or office.
- Includes a ~816 SF commercial building (previously deli/restaurant).
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
$15,603
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
6.57%
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%
$312,060
$312.1K
Cap Rate 7%
$222,900
$222.9K
Cap Rate 9%
$173,367
$173.4K
Market Conditions
NOI Build-Up for 1,624 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
$24.4K $15.00/SF
− Vacancy
−$2.1K −$1.28/SF
EGI
$22.3K $13.73/SF
− OpEx
−$6.7K −$4.12/SF
NOI
$15.6K $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 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%
$312,060
Cap Rate 7%
$222,900
Cap Rate 9%
$173,367
Alternative Uses
Best Use
Retail
$222.9K
$195.0K – $260.1K
NOI $15,603 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$364.9K
$319.3K – $425.7K
NOI $25,544 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Well-served
Demand for This Use
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 Retail 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?
Storefront property - Commercial building and vacant lot on high-traffic SR 200.
Where is this storefront property located?
The property is located at 7103 Carl G Rose Highway Hernando, FL.
What is the asking price?
The asking price for this property is $237,500.
What are key features of this property?
This property features: High‑visibility location on SR 200 in Hernando.; Zoned GNC, suitable for restaurant, retail, or office.; Includes a ~816 SF commercial building (previously deli/restaurant).
