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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Assisted living facilities
124 Norvell Bryant Hwy Hernando, FL 34442-5105
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3004429
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
51,407 SF
Lot
9.09 ac (395,960 SF)
Zoning code
GNC GEN COMMERCIAL
APN
18E-18S-24-21110-00B.0
UPID
US18-3004429
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Grove Health & Rehabilitation Center Rehabilitation Center Nursing Home
-
Woodland Terrace-Citrus County Nursing Home
-
SANDRA W LAMPHIER Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$940k
Owner & transaction history
Citrus Hills Nursing And Rehab LLC · 2 yrs held
Citrus Hills Nursing And Rehab LLC
since 2023
7 recorded transactions
Zoning & alternative use
GNC GEN COMMERCIAL · Hernando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hernando submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hernando submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,125,000
Current use
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$18 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$120,796
Tax year 2023
Assessed value
$7,508,307
Assessed 2023
Previous assessed
$7,352,083
+2.1% YoY
Effective rate
1.61%
On assessed value
Assessed land
$1,022,340
Assessed improvement
$6,485,967
Land market value
$1,022,340
Improvement market value
$6,485,967
Total market value
$7,508,307
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
83
Total area
51,407 SF
Lot
9.09 ac (395,960 SF)
Zoning code
GNC GEN COMMERCIAL
APN
18E-18S-24-21110-00B.0
UPID
US18-3004429
Jurisdiction
CITRUS
Zoning & alternative use
GNC GEN COMMERCIAL · Hernando, FL
Zoning GNC GEN COMMERCIAL · permitted uses
GNC GEN COMMERCIAL · Hernando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hernando. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.1M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
83
Lot
9.09 ac
Current owner
From public records · entity-resolved
Citrus Hills Nursing And Rehab LLC
Entity
Mailing address
400 RELLA BLVD STE #200, MONTEBELLO, NY 10901-4239
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2023
—
Citrus Hills Nursing And Rehab LLC
Fl Skilled Nursing Master Tenant Ll
Lease
—
Nov 3, 2022
—
124 W Norvell Bryant Re LLC
—
Deed
related
$474,525,000 · The Huntington National Bank
Jan 6, 2021
$124,600
124 W Norvell Bryant Re LLC
Wccre Citrus LLC
Grant Deed
related
$368,000,000 · Monticello Funding Bth-47 LLC
May 22, 2019
—
Wccre Citrus LLC
—
Deed
related
$3,980,735 · Cibc Bk USA
May 2, 2018
—
Wccre Citrus LLC
—
Loan Modification
related
$5,922,755 · Cibc Bk USA
Oct 2, 2014
—
Wccre Citrus LLC
—
Loan Modification
related
$19,800,000 · Privatebank & Tr
Sep 19, 2006
$6,329,000
Wccre Citrus LLC
Woodlands Care Center Of Citrus Cnt
Warranty Deed
$6,764,000 · Lasalle Bank NA
—
—
Wccre Citrus LLC
—
Deed Of Trust
related
$3,980,735 · Cibc Bk USA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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