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    Property profile & analytics

    3464 Norvell Bryant Hwy Hernando, FL 34442-3295

    • Office buildings
    • 15,000 SF
    • 3.79 lot acres
    OFF-MARKET
    Value Estimation
    $390,000
    Last Sale
    Oct 31, 2022
    Location Intelligence
    Property ID
    US18-4870459
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • American Stone & Tiles / Tile Store / Countertop Store
    • American Kitchens & Bath LLC. / Countertop Store / Cabinet Store
    • J & J Construction / Construction Company

    Property Details for 3464 Norvell Bryant Hwy

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    3.79 lot acres
    Property size
    15,000 SF
    Zone code
    IND INDUSTRIAL
    Property type
    Office buildings
    APN
    19E-18S-26-13000-00B.0
    APU
    19E18S261300000B0

    Description

    This exceptional 15,000-square-foot industrial property, situated on a 2-acre lot in Hernando, Florida (34442), presents a compelling investment opportunity. The single-story, 1989-built building underwent renovations in 2020 and boasts a 100' x 150' steel frame structure. Currently configured as two 7,500-square-foot leased spaces with a remaining lease term of one year on a three-year agreement, this multi-tenant property offers immediate income potential. Key features include 17-foot high ceilings, two loading docks (including one with a leveler), two dock-high doors, a covered rear storage area, and an outside garage. Ample parking is provided with 20+ spaces. The property benefits from city water and septic and enjoys a high-visibility location on a busy intersection. The permitted zoning is industrial. This property is part of a two-building complex, offering the potential to acquire both for increased space or rental income. Owner financing is available. The asking price is $1,500,000. This is a gross lease with two tenants.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $455,000
      6.5%
      $490,000
      7%
      $430,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $500,000
      Geo Method
      $390,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $470,000
      Retail
      $475,000
      Mixed-Use
      $470,000
      Hospitality
      $570,000
      Educational
      $535,000
      Residential Income
      $445,000
      Energy
      $490,000
      Income-Based Land
      $420,000
      Food Service
      $455,000

    Location Insight

    • Map
    • Local Demand
    City
    Hernando
    County
    Citrus
    State
    Florida
    Longitude
    -82.3765
    Latitude
    28.8975
    CBSA code
    26140
    CBSA name
    HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,110
    $135,200
    $367,580
    $502,780
    -
    $135,200
    $367,580
    $502,780

    Comparable in this City

    • Value Estimation
      $315,000
      2,480 SF

      6771 Florida Ave

      OFFICE BUILDING • 2,480 SF
      6771 Florida Ave, Hernando, FL 34442-3503
      View Details
    • Value Estimation by Request
      5,486 SF

      942 Norvell Bryant Hwy, Unit 2

      OFFICE BUILDING • 5,486 SF
      942 Norvell Bryant Hwy, Hernando, FL 34442-2826
      View Details
    • Value Estimation by Request
      15,600 SF

      1250 Overdrive Cir

      OFFICE BUILDING • 15,600 SF
      1250 Overdrive Cir, Hernando, FL 34442-9625
      View Details
    • Value Estimation
      $200,000
      2,400 SF

      3153 Carl G Rose Hwy

      OFFICE BUILDING • 2,400 SF
      3153 Carl G Rose Hwy, Hernando, FL 34442-4315
      View Details
    • Value Estimation
      $275,000
      9,500 SF

      1371 Florida Ave

      OFFICE BUILDING • 9,500 SF
      1371 Florida Ave, Hernando, FL 34442-4420
      View Details
    • Value Estimation
      $250,000
      2,080 SF

      2066 Florida Ave

      OFFICE BUILDING • 2,080 SF
      2066 Florida Ave, Hernando, FL 34442-4425
      View Details

    Similar Nearby for Sale

    • $295,000
      0.70 Acres

      Commercial Buildings on State Road

      Two commercial buildings with general commercial zoning on corner parcel.
      4635 N Carl G. Rose Hwy, Hernando, FL 34442
      View Details
    • $285,000
      0.48 Acres

      Commercial Property on State Road

      High-visibility commercial property with versatile zoning and highway frontage.
      4655 N Carl G. Rose Hwy, Hernando, FL 34442
      View Details
    • $79,000
      0.15 Acres

      Commercial Corner Lot with Office

      Commercial corner lot with office building, highway exposure, ample parking.
      4662 N Carl G Rose Hwy, Hernando, FL 34442
      View Details
    • $500,000
      1.50 Acres

      Hernando Office & Multi-Family Investment

      High-traffic corner lot, multiple income streams.
      3088 Carl G Rose Hwy, Hernando, FL 34442
      View Details
    • $650,000
      12,396 SF

      6055 Carl G Rose Hwy, Hernando, FL 34442

      Office Properties & Spaces • 12,396 SF
      6055 Carl G Rose Hwy, Hernando, FL 34442
      View Details
    • $295,000
      4,700 SF

      Hernando Office Buildings on Corner Parcel

      Two buildings with general commercial zoning on a corner parcel.
      4635 N Carl G. Rose Hwy, Hernando, FL 34442
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Office Space Available For Rent

      Office space available for rent in Hernando, Florida.
      2480 North Heritage Oaks Path, Hernando, FL 34442
      View Details
    • Contact for pricing
      30,300 SF

      Heritage Hills Plaza Retail Space

      High-traffic retail center; spaces available.
      2400-2492 Heritage Oaks Path Citrus County, Hernando, FL 34442
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Hernando, FL

      Retail property for lease in a high-traffic location.
      2456-2488 N Heritage Oaks Path, Hernando, FL 34442
      View Details
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    Hernando, FL 34442-3295
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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