3554 Norvell Bryant Hwy Hernando, FL 34442-2969
Property Lookup
Property profile & analytics
3554 Norvell Bryant Hwy Hernando, FL 34442-2969
- Warehouses
- 7,200 SF
- 4.03 lot acres
Property ID
US18-0473984
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.
Location Intelligence
Current Use by Public Records
- Qirumi Cabinetry and Countertops / Hardware & Home Improvement / Furniture & Home Goods
Property Details for 3554 Norvell Bryant Hwy
- Year built
- 1986
- Construction
- STEEL FRAME
- Lot size
- 4.03 lot acres
- Property size
- 7,200 SF
- Zone code
- IND INDUSTRIAL
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 19E-18S-26-13000-00H.0
- APU
- 19E18S261300000H0
Description
This exceptional investment opportunity encompasses a substantial 18,054 square foot industrial and manufacturing facility situated on a generous 4.03-acre lot at 3554 E Norvell Bryant Highway in Hernando, Florida. The property comprises two interconnected buildings, linked by a convenient canopy, and boasts two loading bays for efficient logistics. Building #1, a robust 9,490 square foot heavy industrial structure, features impressive 28-foot ceilings and substantial 10-foot industrial garage doors, ideal for various industrial operations. Building #2 offers a versatile blend of space, including a 1,760 square foot office/showroom area and a 5,440 square foot light warehouse space with 12+ foot ceilings. The property also includes a significant 45,000 square foot fully paved area, presenting substantial potential for future expansion or development. This strategic location offers exceptional visibility and accessibility, with an average daily traffic count of 18,600 vehicles on the cross street, according to the Citrus Property Appraiser. The property benefits from its proximity to major commercial developments, including a Target and Starbucks currently under construction, as well as established businesses such as Walmart Supercenter, LKQ, and Wawa. Furthermore, the thriving Citrus County boasts over 80,000 housing units, including nearly 5,000 within the prestigious Citrus Hills communities along W Norvell Bryant Highway, and 60,000 platted recorded lots ready for future development. The major arterial road, Highway 200, provides convenient access to Ocala, Marion County, and Dunnellon, Florida. This property presents a rare opportunity to acquire a well-positioned, versatile industrial facility in a rapidly growing area.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,020,000
- 6.5%
- $940,000
- 7%
- $875,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $879,000
- AI Estimate
- $626,000
Market price range: $281k - $935kMarket price range: $228k - $697k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $655,000 Current use
- COMMERCIAL (GENERAL)
- $1,205,000 Change: +84% Conversion: Difficult
- OFFICE BUILDING
- $1,175,000 Change: +79% Conversion: Difficult
- RETAIL STORES
- $1,000,000 Change: +53% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $900,000 Change: +37% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $690,000 Change: +5% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hernando
- County
- Citrus
- State
- Florida
- Longitude
- -82.3746
- Latitude
- 28.8974
- 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
$11,189
$140,020
$579,190
$719,210
-
$140,020
$579,190
$719,210
