7667 Carl G Rose Hwy Hernando, FL 34442-2126
- Warehouses
- 3,705 SF
- 3.73 lot acres
Current Use by Public Records
- Warehouses
Property Details for 7667 Carl G Rose Hwy
- Year built
- 1969
- Construction
- STEEL FRAME
- Lot size
- 3.73 lot acres
- Property size
- 3,705 SF
- Zone code
- GNC GEN COMMERCIAL
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 19E-17S-36-41430
- APU
- 19E17S3641430
Description
This 3,705 square foot, Class C neighborhood shopping center presents a unique investment opportunity. Located at the signalized intersection of SR 200/Carl G Rose Hwy (10,900 AADT) and Posselet Dr/CR 491 (5,800 AADT) in Hernando, Florida, this vacant property sits on a 3.73-acre lot (321' x 450') with 321 feet of highway frontage. The General Commercial (GNC) zoning allows for diverse uses including general retail, quick-service restaurants (QSR), convenience stores/service stations, and warehouse/storage, with a maximum of 70% impervious lot coverage (approximately 2.61 acres developable). Built in 1974, the property features 20 parking spaces and offers excellent visibility and accessibility with full ingress/egress on SR 200 and secondary access to Posselet Drive. Its central location provides easy access to Ocala (8 miles north), Lecanto (10 miles southeast), and Inverness (11 miles south). Situated in the growing Citrus County, part of the Tampa-St. Petersburg MSA, this property benefits from a population of 155,582 and a 1.29% annual growth rate. Citrus County's significant land availability (over 60,000 vacant parcels) and ongoing infrastructure improvements, including the recently completed Suncoast Parkway extension, position this property for substantial future growth. The asking price is $435,000, resulting in a price per square foot of $117.41. The property includes three units and one building, all on a single story. The APN is 19E17S36 41430.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $200,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $225,000
- 6.5%
- $210,000
- 7%
- $235,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $245,000
- Geo Method
- $210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $245,000
- Mixed-Use
- $195,000
- Hospitality
- $180,000
- Educational
- $195,000
- Residential Income
- $225,000
- Energy
- $225,000
- Income-Based Land
- $240,000
- Food Service
- $230,000
Location Insight
- Map
- Local Demand
- City
- Hernando
- County
- Citrus
- State
- Florida
- Longitude
- -82.363
- Latitude
- 28.9743
- CBSA code
- 26140
- CBSA name
- HOMOSASSA SPRINGS, FL MICROPOLITAN STATISTICAL AREA
