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Property profile & analytics
OFF-MARKET Estimated value $905,000
Outlet malls

3365 Millwood Ln Hernando, FL 34442-2740

8,320 SF 1.26 ac lot Built 2012
Individually Owned Free & Clear
Property ID
US18-1765275
Property summary
AI-generated overview

This exceptional 8,320-square-foot retail space is available for lease in Hernando, Florida. Located on Highway 200, this single-tenant building offers prime visibility and easy access to both Ocala and Inverness. Built in 2012, the property features a spacious 8,320-square-foot interior, perfect for a variety of commercial uses, including showroom, flex space, or convenient store. The building boasts a 1.26-acre lot with 34 parking spaces, ensuring ample customer parking. The interior features versatile space with ceiling heights ranging from 15 to 19 feet, durable concrete floors, and energy-efficient fluorescent and LED lighting. Two ADA-compliant restrooms are included. The property is zoned GNC and sits on a prominent corner lot with two convenient access points, maximizing visibility and accessibility. This Class C building presents a rare opportunity for businesses seeking a high-traffic location at an affordable rental rate. The property's location in Citrus County, Florida, offers excellent access to major roadways and a growing community. This is an ideal space for businesses seeking high visibility and convenient access for customers. The property is ready for immediate occupancy.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2012
Construction STEEL FRAME
Total area 8,320 SF
Lot 1.26 ac (54,842 SF)
Zoning code GNC GEN COMMERCIAL
APN 19E-18S-10-0010-094.0
UPID US18-1765275
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$910k
CAP Approach CAP
$1.23M
Comparable Approach Comparable
$920k
Blend (final) Blend
$905k
Owner & transaction history
Kilmer Justin
Kilmer Justin
since 2026
Last sale
$670,000
5 recorded transactions
2026
$370,700
2023
$670,000
2012
$1.4M
2012
$275,000
1991
Price N/A
Zoning & alternative use
GNC GEN COMMERCIAL · Hernando, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.4M +20.5%
Office building $1.4M +17.3%
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