Individually Owned Property summary
AI-generated overview
This exceptional 7,500-square-foot industrial property, situated on two acres of land in Hernando, Florida, presents a unique investment opportunity. Built in 1988 and renovated in 2000, the single-story building boasts a spacious 50' x 150' footprint, ideal for various manufacturing, commercial, or warehouse uses. The property features a high 18-foot ceiling, enhancing storage and operational efficiency. Access is facilitated by one loading dock, one dock-high door, and one drive-in door, ensuring seamless logistics. Ample parking is available with 18 spaces. The building includes office and parts room space, along with an outdoor garage. The property benefits from 230V 3-phase power, catering to diverse industrial needs. Located at 3516 E Norvell Bryant Hwy, Hernando, FL 34442, this property offers 1000 feet of frontage and is conveniently located in Citrus County. The property is currently vacant and ready for immediate occupancy. This single-tenant property offers a versatile space with significant potential for a variety of businesses.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
15,000 SF
Lot
4.49 ac (195,454 SF)
Zoning code
IND INDUSTRIAL
APN
19E-18S-26-13000-00E.0
UPID
US18-2609882
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hardware & Home Improvement Production Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$565k
Owner & transaction history
since 2022
Last sale
$650,000
3 recorded transactions
Zoning & alternative use
IND INDUSTRIAL · 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.
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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
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$565k
Value range
$509k – $622k
±10% around blend
Estimated value / SF
$38 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$509k
blend $565k
$622k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,000 SF
Lot area
4.49 ac
Year built
1986
Stories
1
APN
19E-18S-26-13000-00E.0
Zoning
IND INDUSTRIAL
Assessed value
$632,060
Annual tax
$10,413
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
$565k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 131 sales
$163
-77%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $38/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
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.
17% off on annual
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
Analytics Standard · 5 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$650k
Move the market yield to see immediate price impact.
Value / SF
$43
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%
$41k
$819k
$585k
$455k
$46k
$910k
$650k
$506k
$50k
$1.00M
$715k
$556k
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
$10,413
Tax year 2023
Assessed value
$632,060
Assessed 2023
Previous assessed
$498,450
+26.8% YoY
Effective rate
1.65%
On assessed value
Assessed land
$160,090
Assessed improvement
$471,970
Land market value
$160,090
Improvement market value
$471,970
Total market value
$632,060
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
1
Bathrooms
5
Total area
15,000 SF
Lot
4.49 ac (195,454 SF)
Zoning code
IND INDUSTRIAL
APN
19E-18S-26-13000-00E.0
UPID
US18-2609882
Jurisdiction
CITRUS
Zoning & alternative use
IND INDUSTRIAL · Hernando, FLZoning IND INDUSTRIAL · permitted uses
IND INDUSTRIAL · Hernando, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
5
Lot
4.49 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
IND INDUSTRIAL
Jurisdiction
Hernando, FL
Recorded code
IND INDUSTRIAL
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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