Entity Owned 
For Sale
1 / 30
$649,000
161 W Norvell Bryant Hwy, Hernando, FL 34442
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Property summary
AI-generated overview
The property is a 1.98-acre development site located along Norvell Bryant Highway (CR-486) in Citrus County, connecting the Crystal River and Hernando areas, and it has approximately 300 feet of highway frontage. It is positioned adjacent to the Tampa General Hospital Crystal River Emergency Center and near the planned 53-acre TGH North medical campus expansion. The surrounding area includes established national retailers such as Publix, Walgreens, and CVS, along with other service-oriented businesses, and it is also within reach of nearby residential communities across Citrus Hills and Hernando, including multiple golf clubs and master-planned neighborhoods. The site is zoned GNC, which permits a range of neighborhood commercial uses, and it may be suitable for higher-intensity commercial or hospitality uses subject to Citrus County approvals. The property has had two sets of development plans prepared and soil testing completed, supporting potential future development. Walk and bike accessibility indicators reflect car dependence (walk score 16) and limited bikeability (bike score 20).
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.98 ac (86,249 SF)
Zoning code
GNC GEN COMMERCIAL
APN
18E-18S-24-1A000-006.0
UPID
US18-3104098
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$280k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$255k
Owner & transaction history
since 2020
Last sale
$250,000
1 recorded transaction
Zoning & alternative use
GNC GEN COMMERCIAL · Hernando, FL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$255k
Value range
$230k – $281k
±10% around blend
Confidence
Property data
63
Market benchmarks
33
Comparable evidence
60
$230k
blend $255k
$281k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
Lot area
1.98 ac
APN
18E-18S-24-1A000-006.0
Zoning
GNC GEN COMMERCIAL
Assessed value
$247,470
Annual tax
$3,761
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$255k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 57 sales
$167
N/A
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
Not available
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$250k
Move the market yield to see immediate price impact.
Value / SF
N/A
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$16k
$315k
$225k
$175k
$18k
$350k
$250k
$194k
$19k
$385k
$275k
$214k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,761
Tax year 2023
Assessed value
$247,470
Assessed 2023
Previous assessed
$247,470
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$247,470
Land market value
$247,470
Total market value
$247,470
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
1.98 ac (86,249 SF)
Zoning code
GNC GEN COMMERCIAL
APN
18E-18S-24-1A000-006.0
UPID
US18-3104098
Jurisdiction
CITRUS
Zoning & alternative use
GNC GEN COMMERCIAL · Hernando, FLZoning GNC GEN COMMERCIAL · permitted uses
GNC GEN COMMERCIAL · Hernando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Heating
NONE
Lot
1.98 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
GNC GEN COMMERCIAL
Jurisdiction
Hernando, FL
Recorded code
GNC GEN COMMERCIAL
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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Enterprise Plan
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