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161 W Norvell Bryant Highway
About This Property
connecting US-19 in Crystal River to US-41 in Hernando. The property offers approximately 300' of highway frontage with strong visibility and
traffic exceeding 12,000 VPD. Positioned directly adjacent to the Tampa General Hospital Crystal River Emergency Center and in close proximity
to the planned 53-acre TGH North medical campus expansion, creating significant long-term demand for commercial services in the immediate
area. Surrounded by established national retailers including Publix, Walgreens, CVS, and other service-oriented businesses, and supported by
dense nearby residential communities throughout Citrus Hills and Hernando, including multiple golf clubs and master-planned neighborhoods
generating consistent daily traffic. GNC zoning allows a wide range of neighborhood commercial uses. The site may support higher intensity
commercial or hospitality uses subject to county approvals. Two sets of development plans and soil testing have already been completed,
offering a streamlined path toward development along a rapidly growing commercial corridor.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 27, 2026 | Price Decreased |
$649,000
↓ $26K
(3.9%) | |
| Price Decreased | |||
| Apr 2, 2026 | Listed by Coastal Properties Group Inter | $675,000 | |
| Listed by Coastal Properties Group Inter | |||
| Mar 12, 2026 | Listed by COASTAL PROPERTIES GROUP INTERNATIONAL | $675,000 | |
| Listed by COASTAL PROPERTIES GROUP INTERNATIONAL | |||
| |||
|
Prime 1.98 AC development site located along Norvell Bryant Hwy (CR-486), one of Citrus
County’s primary east-west commercial corridors connecting US-19 in Crystal River to US-41
in Hernando.
The property offers approximately 300’ of highway frontage with strong visibility and traffic
exceeding 12,000 VPD.
Positioned directly adjacent to the Tampa General Hospital Crystal River Emergency Center
and in close proximity to the planned 53-acre TGH North medical campus expansion, creating
significant long-term demand for commercial services in the immediate area.
Surrounded by established national retailers including Publix, Walgreens, CVS, and other
service-oriented businesses, and supported by dense nearby residential communities
throughout Citrus Hills and Hernando, including multiple golf clubs and master-planned
neighborhoods generating consistent daily traffic.
GNC zoning allows a wide range of neighborhood commercial uses. The site may support
higher intensity commercial or hospitality uses subject to county approvals.
Two sets of development plans and soil testing have already been completed, offering a
streamlined path toward development along a rapidly growing commercial corridor.
| |||
| Feb 11, 2026 | No longer available | - | |
| No longer available | |||
| Sep 20, 2025 | Relisted | $675,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017