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    Dennis Realty & Investment Corp.

    5330 Spring Hill Dr. Suite D, Spring Hill, FL 34606
    (352) 606-3911
    Web Site
    Size: 10+ agents

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    Property Types

    • Residential Multi Family
    • Land
    • Commercial Lease
    • Commercial Sale

    Listings

    For Sale (26)

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    Hernando Beach Residential Development Land
    $300,000
    10.50 Acres

    Hernando Beach Residential Development Land

    10.5 acres of land for residential development.

    Shoal Line Blvd, Hernando Beach, FL 34607
    View details
    Pasco County Commercial Land
    $375,000
    2.38 Acres

    Pasco County Commercial Land

    2.38-acre commercial lot on Shady Hills Rd, Pasco County.

    16308 Shady Hills Rd, Spring Hill, FL 34610
    View details
    Income-Producing Triplex in Zephyrhills, FL
    $380,000
    1,924 SF

    Income-Producing Triplex in Zephyrhills, FL

    Well-maintained triplex with three units, ideal for investors.

    38313 Tucker Rd, Zephyrhills, FL 33542
    View details
    Tampa Land with High Visibility
    $340,000
    0.32 Acres

    Tampa Land with High Visibility

    Two parcels on a busy thoroughfare with development options.

    1904-1906 W Busch Blvd, Tampa, FL 33612
    View details
    Land in Citrus Springs
    Contact for pricing
    0.24 Acres

    Land in Citrus Springs

    Residential land in a quiet, convenient Dunnellon location.

    433 E Avondale Dr, Dunnellon, FL 34434
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    Land in Citrus Springs
    Contact for pricing
    0.23 Acres

    Land in Citrus Springs

    Residential land for sale in Dunnellon, Florida.

    455 E Avondale Dr, Dunnellon, FL 34434
    View details
    Oversized Lot in Spring Hill
    $90,000
    0.54 Acres

    Oversized Lot in Spring Hill

    Large cul-de-sac lot with pond view near amenities.

    Lakeview Ct, Spring Hill, FL 34608
    View details
    Residential Land in Ridge Manor
    Contact for pricing
    0.50 Acres

    Residential Land in Ridge Manor

    Half-acre residential parcel in developing Ridge Manor, Hernando County, Florida.

    Knoxville Dr, Ridge Manor, FL 33597
    View details
    Waterfront Lot in Hernando Beach
    $159,000
    0.18 Acres

    Waterfront Lot in Hernando Beach

    Buildable waterfront lot with sunset views in Hernando Beach.

    3341 Scarlet Sage Dr, Hernando Beach, FL 34607
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    3.1 Acres C1 Property Nobleton
    $499,000
    3.12 Acres

    3.1 Acres C1 Property Nobleton

    3.1 acres of C1 property in the heart of Nobleton.

    28380 Forbes St, Nobleton, FL 34661
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    Land in Citrus Springs
    Contact for pricing
    0.24 Acres

    Land in Citrus Springs

    Residential land for sale in a quiet, convenient location.

    433 E Avondale Dr, Dunnellon, FL 34434
    View details
    Land in Citrus Springs
    Contact for pricing
    0.24 Acres

    Land in Citrus Springs

    Residential land for sale in Dunnellon, Florida.

    455 E Avondale Dr, Dunnellon, FL 34434
    View details
    Oversized Lot in Spring Hill
    $75,000
    0.40 Acres

    Oversized Lot in Spring Hill

    Beautiful oversized lot with canal view, convenient location, no HOA/CDD.

    Waterfall Dr, Spring Hill, FL 34608
    View details
    Wooded Land Parcel in Zephyrhills
    $293,000
    5.00 Acres

    Wooded Land Parcel in Zephyrhills

    5-acre wooded parcel near Zephyrhills, ideal for homesteading.

    Shenna Ln, Zephyrhills, FL 33540
    View details
    Spring Hill Duplex Lot
    $59,000
    0.23 Acres

    Spring Hill Duplex Lot

    Duplex lot in Spring Hill, ideal for investment.

    Canterbury St, Spring Hill, FL 34606
    View details
    Waterfront Land with Development Potential
    $499,000
    10.15 Acres

    Waterfront Land with Development Potential

    10+ acres in Gulf Harbors, New Port Richey, FL.

    4218 Rudder Way, New Port Richey, FL 34652
    View details
    Residential Acreage in Growing Area
    $299,900
    3.83 Acres

    Residential Acreage in Growing Area

    Buildable land suitable for custom home, homestead, or long-term hold.

    4822 Nesmith Rd, Plant City, FL 33567
    View details
    Industrial Land Package in Tampa
    $600,000
    1.89 Acres

    Industrial Land Package in Tampa

    Two-parcel industrial land package suitable for various uses.

    6905 Rowlett Park Dr, Tampa, FL 33610
    View details
    Half Acre Lot in Spring Hill
    $85,000
    0.54 Acres

    Half Acre Lot in Spring Hill

    Half acre lot in The Oaks subdivision, convenient Spring Hill location.

    Sebastian Dr, Spring Hill, FL 34609
    View details
    Cleared 3.60-Acre AG Zoned Lot
    $175,000
    3.60 Acres

    Cleared 3.60-Acre AG Zoned Lot

    Cleared 3.60-acre lot zoned AG, ready for your dream home.

    14235 Carolina Dove Rd, Weeki Wachee, FL 34614
    View details
    Brooksville Land Parcel on Fort Dade
    $99,000
    1.68 Acres

    Brooksville Land Parcel on Fort Dade

    1.7-acre parcel in Brooksville, ideal for custom residence.

    Fort Dade Ave, Brooksville, FL 34601
    View details
    Half Acre Cleared Land
    $89,000
    0.50 Acres

    Half Acre Cleared Land

    Half acre lot in Spring Hill, Florida, ready to build.

    Spring Hill, FL 34608
    View details
    Hernando Beach Waterfront Land
    $299,900
    0.20 Acres

    Hernando Beach Waterfront Land

    Direct Gulf access lot in Hernando Beach, Florida.

    Gulfview Dr, Hernando Beach, FL 34607
    View details
    Industrial Land Package For Sale
    $600,000

    Industrial Land Package For Sale

    Two IG-zoned parcels suitable for various industrial uses.

    6905 Rowlett Park Dr, Tampa, FL 33610
    View details
    Income-Producing Zephyrhills Property
    Contact for pricing

    Income-Producing Zephyrhills Property

    Well-maintained property with three units near shopping and dining.

    38313 Tucker Rd, Zephyrhills, FL 33542
    View details
    Land For Sale in Nobleton
    $747,000
    1,655 SF

    Land For Sale in Nobleton

    Commercial and residential land available in Nobleton, Florida.

    28380 Forbes St, Nobleton, FL 34661
    View details

    For Lease (1)

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    Retail Space on State Road
    $1,500 / Mo
    12,948 SF

    Retail Space on State Road

    1300 SF retail space with frontage on State Road 52.

    7236 State Rd 52, Hudson, FL 34667
    View details

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    Dennis Realty & Investment Corp.
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Dennis Realty & Investment Corp.
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