U.S. Census Bureau QuickFacts. The 2020 Census count was 194,515.
Hernando County, FL
Commercial real estate in Hernando County, on SR 50.
This page covers Hernando County in one place: Ridge Manor, the SR 50 and Cortez Boulevard corridor, Brooksville, and Spring Hill. Two of my listings are on Cortez Boulevard in Ridge Manor.
My read. Hernando retail is reported at a 7.4% cap and $209 a foot, against 6.6% and $270 a foot in Pasco. Those figures are second-hand, CoStar via John Burpee & Associates, report dated September 8, 2026. Not an appraisal.
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Market at a glance
The figures I can source.
Second-hand, CoStar via John Burpee & Associates, September 8, 2026.
No sourced Hernando asking rent in the Fall 2026 pull
Ironmark, Pasco and Hernando together, Q3 2026. Pasco alone was 20.0%. Tampa Bay was 8.3%.
Recent sales
What sold, and for what.
No sourced qualified sale with a parcel card for Hernando County in this pull. The cap rates above are second-hand market figures, not a closed sale I can link to a parcel.
No sourced Hernando asking rent in this pull.
What's being built
By corridor.
SR 50 / Cortez, Brooksville
Raising Cane's at 14303 Cortez Blvd
Plans approved October 8, 2026, for new construction.
SR 50 / Cortez, Brooksville
Outback at 14383 Cortez Blvd
Open. First routine inspection October 28, 2026.
I-75 / SR 50
Kettering Road distribution center
Rezoning REZ-28-2026 and REZ-29-2026, south of the Walmart distribution center, for up to 1.1 million SF on about 76 acres, up from 750,000 SF approved before.
SR 50
H-24-01, SR 50 at Winding Woods
Rezoning from R-1C to C-2.
Cortez Boulevard
REZ-25-2026
About 3,093 feet east of Fort Dade. R1A to PDP highway commercial, described in the agenda digest as a used-auto rezoning.
Spring Hill
Restaurant permits
Jersey Mike's at 14363 Spring Hill Drive and Chipotle at 1390 Commercial Way are among the permits filed. Rochetti Creamery and Cotee River Tavern are also on the list.
P&Z Radar summaries are digests of agenda packets. Confirm a case against the official agenda before you rely on it.
By property type
My read.
My read is a broker opinion based on public records and the sources listed on this page. It is not an appraisal and not a guarantee of value or results. Figures are approximate; verify them before you rely on them.
Retail
Raising Cane's at 14303 Cortez Boulevard had plans approved October 8, 2026, and Outback at 14383 Cortez Boulevard is open. Hernando retail is reported at a 7.4% market cap rate and $209 a foot, against 6.6% and $270 a foot in Pasco. That pair is second-hand, CoStar via John Burpee & Associates, September 8, 2026.
Office and medical
No sourced Hernando office sale in this pull. Spring Hill and Brooksville permits in the public lists are mostly restaurants, not office sales.
Industrial and flex
The Kettering Road cases, REZ-28-2026 and REZ-29-2026, are for up to 1.1 million SF on about 76 acres, south of the Walmart distribution center, up from 750,000 SF approved before. Pasco and Hernando industrial vacancy together was 18.4% in the third quarter of 2026.
Land
No sourced Hernando land sale price in this pull. The corridor cases on the public agenda include H-24-01 at SR 50 and Winding Woods, and REZ-25-2026 on Cortez Boulevard.
Next step
Three ways to use this.
A broker opinion of value is not an appraisal and is not a guarantee of price.
East Pasco Owner's Report, Fall 2026
Common questions about Hernando County
How many people live in Hernando County?
The U.S. Census Bureau estimates 221,701 residents as of July 1, 2025, up 14.0% from 194,515 in the 2020 Census.
How does Hernando retail pricing compare with Pasco?
A John Burpee & Associates report dated September 8, 2026 cites CoStar figures of a 7.4% retail cap rate and $209 a foot in Hernando, against 6.6% and $270 a foot in Pasco. Those figures are second-hand. I have not seen the CoStar data directly.
What is opening on Cortez Boulevard?
Raising Cane's at 14303 Cortez Boulevard had plans approved October 8, 2026. Outback at 14383 Cortez Boulevard is open, with a first routine inspection on October 28, 2026.
How large is the Kettering Road distribution project?
Rezoning cases REZ-28-2026 and REZ-29-2026 describe up to 1.1 million SF on about 76 acres, up from 750,000 SF approved before. Confirm the case against the official agenda. P&Z Radar is a digest.
What is happening in Spring Hill?
Coming Soon Project lists filed permits including Jersey Mike's at 14363 Spring Hill Drive and Chipotle at 1390 Commercial Way. This page covers Spring Hill. There is no separate Spring Hill market page.
Which listings are in Hernando County?
34480 Cortez Boulevard and 34498 Cortez Boulevard (SR 50), both in Ridge Manor. Brian Orr is the local commercial real estate resource for East Pasco and Hernando.
Knowledge Catalog
Guides that go with this market.
Broker Opinion of Value (BOV): What It Is and When You Need an Appraisal
Cap Rate: What It Tells You and What It Doesn't
Sell, Hold, Lease, or Reposition? Deciding What a Commercial Property Should Do Next
Site Selection for a Pasco County Business: A Checklist With FDOT Traffic Data
Nearby markets
Pasco CountyCounty vacancy, rents, and the town pages.
Dade CityPasco County seat. US 301, downtown, and County Road 52.
ZephyrhillsGall Boulevard, the airport industrial park, and SR 54.
Tampa BayRegional rents and vacancy, with routes into Pasco and Hernando.Where this comes from
- U.S. Census Bureau, QuickFacts: Hernando County, Florida
- John Burpee & Associates, Tampa retail capital markets, September 8, 2026. Second-hand CoStar figures.
- Ironmark, Tampa 3Q 2026
- Coming Soon Project, Brooksville
- Coming Soon Project, Spring Hill
- P&Z Radar, REZ-28-2026
- P&Z Radar, REZ-29-2026
- P&Z Radar, H-24-01
- P&Z Radar, REZ-25-2026
Updated November 2, 2026. Sales figures were pulled in October 2026, through October 23, 2026.