Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Commercial Way Weeki Wachee, FL 34614

    View on Map
    Claim this Listing
    For Sale
    $39,900

    LAND - Weeki Wachee, FL

    Lot size:
    0.50 Acres
    Added:
    Jan 7, 2026
    Days on Market:
    110
    Last Refresh:
    Apr 27 at 10:06 pm

    Property Features for Commercial Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1C
    Standard status
    Active
    APN
    R01 221 17 3280 0018 0460
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    285

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Frances Meyer

    Listing agent Frances Meyer License #3128842

    Listing office REMAX Marketing Specialists 3377 Mariner Blvd, Spring Hill, FL

    Listing date Jan 7, 2026

    MLS# 2257328 Listing URL

    Copyright © 2026 Hernando County Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Half-Acre Lot on US 19

    This half-acre lot offers an opportunity to build a home with the freedom to design without the restrictions of planned communities. The property features 75 feet of frontage on US 19. Located in a fast-growing area, the lot is close to a new lagoon community and minutes from Spring Hill, Brooksville, and Citrus County. There are no HOA or CDD fees. Shopping and local dining options are conveniently nearby. The location provides easy access to Weeki Wachee Springs, Pine Island Park, and Roger's Park for water activities. The Suncoast Parkway offers quick access to the airport, Tampa, Clearwater, and St. Pete Beaches, as well as the Tarpon Springs Sponge Docks. Residents can enjoy Tampa Bay's attractions, including the Downtown Riverwalk, boating, fishing, golfing, cultural entertainment, and museums.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Weeki Wachee
    County
    Hernando
    State
    Florida
    Longitude
    -82.5574
    Latitude
    28.6328

    Nearby Similar for Sale

    • $100,000

      Residential Lot in Royal Highlands

      Acre residential lot to build your dream home!
      Bastian Court, Weeki Wachee, FL 34613
      View Details
    • $100,000

      Residential Lot in Royal Highlands

      Acre residential lot, no HOA, close to amenities.
      0 BASTIAN COURT, WEEKI WACHEE, FL 34613
      View Details
    • $59,500

      Residential Land in Weeki Wachee

      0.81-acre corner lot near Spring Hill and Brooksville.
      12398 RUFFED GROUSE ROAD, WEEKI WACHEE, FL 34614
      View Details
    • $35,000

      Residential Homesite in Royal Highlands

      Vacant homesite in a growing area with added privacy.
      Cagarro Road lot: 10, Weeki Wachee, FL 34614
      View Details
    • $3,500,000
      5,326 SF

      Waterfront Retail Business Opportunity

      Thriving waterfront business with multiple income streams on 0.71 acres.
      7154 SHOAL LINE BOULEVARD, WEEKI WACHEE, FL 34607
      View Details
    • $84,000

      Expansive Homesite in Royal Highlands

      0.74-acre homesite in Royal Highlands community, Hernando County.
      11155 MARSH WREN AVENUE, WEEKI WACHEE, FL 34614
      View Details
    • $72,500

      Residential Land in Royal Highlands

      0.62-acre corner lot in Weeki Wachee's Royal Highlands community.
      0 MAZETTE ROAD, WEEKI WACHEE, FL 34613
      View Details
    • $65,000

      Spacious Residential Lot, No HOA

      0.53-acre lot in Royal Highlands, Weeki Wachee, Florida.
      13070 QUIGLEY AVENUE, WEEKI WACHEE, FL 34614
      View Details
    • $135,000

      Cleared Land with Steel Structure

      Half-acre lot with permitted structure in Royal Highlands community.
      16386 KAKAWI ROAD, WEEKI WACHEE, FL 34614
      View Details
    • $55,000

      Cleared Homesite Ready to Build

      Half-acre homesite in Royal Highlands, ready for your dream home.
      12348 SNOWY EGRET AVENUE, WEEKI WACHEE, FL 34614
      View Details
    • $55,000

      Cleared Homesite Ready to Build

      Half-acre homesite in Royal Highlands, ready for your dream home.
      12348 SNOWY EGRET AVENUE, WEEKI WACHEE, FL 34614
      View Details
    • $40,000

      Wooded Lot in Royal Highlands

      Half-acre wooded lot near Weeki Wachee River, no HOA/CDD.
      12496 Sanders Avenue, Weeki Wachee, FL 34614
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build your dream home on this spacious Weeki Wachee lot.
    Where is this residential land & home lot located?
    The property is located at Commercial Way Weeki Wachee, FL.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: Large 1/2 acre lot with 75' frontage on US 19, offering ample space for building and RV/boat parking.; No HOA or CDD fees, providing freedom and cost savings.; Prime location in a fast‑growing area, close to Spring Hill, Brooksville, Citrus County, and a new lagoon community.
    (352) 686-0540
    We can help!
    Listing Contact
    Frances Meyer
    Real Estate License ID: 3128842
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!