Property profile

7667 Carl G Rose Hwy Hernando, FL 34442

OFF-MARKET
Warehouses
Property ID
US18-5237010
3,705 SF 3.73 ac lot Built 1969
Entity Owned 5-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 3,705 square foot, Class C neighborhood shopping center presents a unique investment opportunity. Located at the signalized intersection of SR 200/Carl G Rose Hwy (10,900 AADT) and Posselet Dr/CR 491 (5,800 AADT) in Hernando, Florida, this vacant property sits on a 3.73-acre lot (321' x 450') with 321 feet of highway frontage. The General Commercial (GNC) zoning allows for diverse uses including general retail, quick-service restaurants (QSR), convenience stores/service stations, and warehouse/storage, with a maximum of 70% impervious lot coverage (approximately 2.61 acres developable). Built in 1974, the property features 20 parking spaces and offers excellent visibility and accessibility with full ingress/egress on SR 200 and secondary access to Posselet Drive. Its central location provides easy access to Ocala (8 miles north), Lecanto (10 miles southeast), and Inverness (11 miles south). Situated in the growing Citrus County, part of the Tampa-St. Petersburg MSA, this property benefits from a population of 155,582 and a 1.29% annual growth rate. Citrus County's significant land availability (over 60,000 vacant parcels) and ongoing infrastructure improvements, including the recently completed Suncoast Parkway extension, position this property for substantial future growth. The asking price is $435,000, resulting in a price per square foot of $117.41. The property includes three units and one building, all on a single story. The APN is 19E17S36 41430.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1969
Construction STEEL FRAME
Total area 3,705 SF
Lot 3.73 ac (162,305 SF)
Zoning code GNC GEN COMMERCIAL
APN 19E-17S-36-41430
UPID US18-5237010

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7667 Carl G Rose Hwy Hernando, FL 34442-2126
Hernando metro Census 450800 HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$205k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

since 2021
Last sale
$200,000
2 recorded transactions
2021
$200,000
2009
Price N/A

Zoning & alternative use

GNC GEN COMMERCIAL · Hernando, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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