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    People's Trust Realty

    4117 Mariner Blvd, Spring Hill, FL 34609
    (352) 688-7022
    Web Site
    Size: 10+ agents

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    Property Types

    • Land
    • Residential

    Listings

    For Sale (17)

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    Corner Lot with Development Potential
    $190,900
    1.25 Acres

    Corner Lot with Development Potential

    1.25-acre corner lot with high visibility and development potential.

    10325 Hudson Ave, Hudson, FL 34669
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    Residential Land in Spring Hill
    $69,000
    0.36 Acres

    Residential Land in Spring Hill

    Over 1/3 acre lot, no HOA, backs to conservation.

    5417 Moongate Rd, Spring Hill, FL 34606
    View details
    Quarter Acre Lot in Florida
    $33,000
    0.27 Acres

    Quarter Acre Lot in Florida

    0.27 acre lot, perfect for manufactured home with storage.

    3714 Myers Ln, Saint James City, FL 33956
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    Waterfront Lot in Hernando Beach
    $80,000
    0.17 Acres

    Waterfront Lot in Hernando Beach

    Vacant waterfront lot in Hernando Beach, Florida.

    3520 Jewfish Dr, Hernando Beach, FL 34607
    View details
    Weeki Wachee Land For Sale
    $1,399,000
    13.50 Acres

    Weeki Wachee Land For Sale

    13.5 acres in Weeki Wachee, near US 19.

    Nakoma Way, Weeki Wachee, FL 34613
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    Residential Land in Weeki Wachee
    $43,000
    0.50 Acres

    Residential Land in Weeki Wachee

    Half-acre lot ready for your dream home in Weeki Wachee.

    Goldeneye Rd, Weeki Wachee, FL 34614
    View details
    Turnkey Gun Range & Retail
    $1,990,000
    7,116 SF

    Turnkey Gun Range & Retail

    Established gun range and retail storefront in Pasco County.

    6123 Ridge Rd, Port Richey, FL 34668
    View details
    Brooksville Land in Royal Highlands
    $59,900
    1.20 Acres

    Brooksville Land in Royal Highlands

    1.2 acre vacant lot in Weeki Wachee North.

    Ramsey Rd, Brooksville, FL 34614
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    Residential Lot in Royal Highlands
    $54,500
    1.20 Acres

    Residential Lot in Royal Highlands

    1.2 acre residential lot in Royal Highlands, Brooksville.

    10180 Zebrafinch Ave, Brooksville, FL 34614
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    Residential Lot in Sugarmill Woods
    $39,900
    0.28 Acres

    Residential Lot in Sugarmill Woods

    Corner lot in Sugarmill Woods, ideal for building dream home.

    118 Oak Village Blvd, Homosassa, FL 34446
    View details
    Premium Car Wash Investment Opportunity
    $6,995,000
    14,953 SF

    Premium Car Wash Investment Opportunity

    High-visibility car wash and detail center with additional income-producing buildings.

    1108 Commercial Way, Spring Hill, FL 34606
    View details
    Waterfront Lot in Hernando Beach
    $320,000
    0.20 Acres

    Waterfront Lot in Hernando Beach

    Waterfront lot with 125 feet of concrete seawall frontage.

    4064 Casa Ct, Hernando Beach, FL 34607
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    Secluded Vacant Lot in Brooksville
    $75,000
    1.20 Acres

    Secluded Vacant Lot in Brooksville

    1.2 acre vacant lot in Royal Highlands, Brooksville, Florida.

    Yellow Frog Ave, Brooksville, FL 34614
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    Brooksville Land for Single Family
    $75,000
    1.20 Acres

    Brooksville Land for Single Family

    1.2 acre lot in Royal Highlands, Brooksville, Florida.

    Yellow Frog Ave, Brooksville, FL 34614
    View details
    Weeki Wachee 1.2 Acre Lot
    $59,900
    1.20 Acres

    Weeki Wachee 1.2 Acre Lot

    1.2 acre lot suitable for single-family home construction.

    Zebrafinch Ave, Weeki Wachee, FL 34614
    View details
    Citrus Hills Vacant Land
    $38,500
    0.97 Acres

    Citrus Hills Vacant Land

    Under an acre lot in Citrus Hills community.

    3366 N Annapolis Ave, Hernando, FL 34442
    View details
    Residential Land in Royal Highlands
    $45,000
    0.58 Acres

    Residential Land in Royal Highlands

    0.58 acre vacant lot in Royal Highlands community.

    11344 Megargel Ct, Weeki Wachee, FL 34614
    View details

    For Lease (1)

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    Retail Space on Commercial Way
    $180 SF/Yr
    4,582 SF

    Retail Space on Commercial Way

    Retail space available for lease on US-19 Commercial Way.

    1108 Commercial Way, Spring Hill, FL 34606
    View details

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    People's Trust Realty
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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
    People's Trust Realty
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