Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    2799 N Churchill Way Hernando, FL 34442

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $30,000

    Land parcel available for purchase in Hernando, Florida.

    Lot size:
    0.32 Acres

    Property Features for 2799 N Churchill Way

    General Information

    Lot size
    0.32 Acres
    Source: Elliman

    Listing Agent: Griffin Wallace

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Parcel For Sale

    A land parcel is available for sale. The parcel's identification number is 19E18S230040 000A0 0220 and is located at 2799 N Churchill Way, Hernando, FL 34442.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hernando
    County
    Citrus
    State
    Florida
    Longitude
    -82.37849
    Latitude
    28.903511

    Nearby Similar for Sale

    • $420,000
      0.50 Acres

      Commercial Property on High-Traffic Highway

      Two commercial properties in high-traffic area, excellent visibility and accessibility.
      2018 N Florida Ave, Hernando, FL 34442
      View Details
    • $420,000
      2,960 SF

      Commercial Property with Highway Frontage

      Two commercial properties in high-traffic area with highway frontage.
      2018 N Florida Ave, Hernando, FL 34442
      View Details
    • $524,900
      3,828 SF

      Hernando Quadplex Investment Opportunity

      Turnkey quadplex in rapidly growing Hernando, Florida.
      2500 E Modern Ct, Hernando, FL 34442
      View Details
    • $285,000
      1,629 SF

      Hernando Retail on State Road

      High-visibility retail property with versatile zoning and strong traffic.
      4655 N Carl G. Rose Hwy, Hernando, FL 34442
      View Details
    • $285,000
      0.48 Acres

      Commercial Property on State Road

      High-visibility commercial property with versatile zoning and highway frontage.
      4655 N Carl G. Rose Hwy, Hernando, FL 34442
      View Details
    • $295,000
      4,700 SF

      Hernando Office Buildings on Corner Parcel

      Two buildings with general commercial zoning on a corner parcel.
      4635 N Carl G. Rose Hwy, Hernando, FL 34442
      View Details
    • $295,000
      0.70 Acres

      Commercial Buildings on State Road

      Two commercial buildings with general commercial zoning on corner parcel.
      4635 N Carl G. Rose Hwy, Hernando, FL 34442
      View Details
    • New
      $275,000

      Turn-Key Restaurant in Hernando, FL

      Profitable restaurant with catering, fully equipped, excellent visibility and accessibility.
      2780 N Florida Ave, Hernando, FL 34442
      View Details
    • $3,299,000
      24.12 Acres

      Hernando RV Resort Approved Land

      24.12 acres approved for RV luxury resort development.
      3350 E Norvell Bryant Hwy, Hernando, FL 34442
      View Details
    • $79,000
      0.15 Acres

      Commercial Corner Lot with Office

      Commercial corner lot with office building, highway exposure, ample parking.
      4662 N Carl G Rose Hwy, Hernando, FL 34442
      View Details
    • $3,000,000

      Self-Storage Facility with Expansion Potential

      Well-maintained self-storage facility with 90 units and expansion pad.
      921 E Norvell Bryant Hwy, Hernando, FL 34442
      View Details
    • $2,300,000
      18,054 SF

      Hernando Industrial Property - 4 Acres

      Prime industrial space, 18,000+ sq ft, 4+ acres.
      3554 Norvell Bryant Hwy, Hernando, FL 34442
      View Details

    FAQs

    What type of property is this?
    Land - Land parcel available for purchase in Hernando, Florida.
    Where is this land located?
    The property is located at 2799 N Churchill Way Hernando, FL.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: - Parcel ID: 19E18S230040 000A0 0220
    (561) 789-8649
    Request Owner's contact information
    2799 N Churchill Way Hernando, FL 34442
    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.
    2799 N Churchill Way
    Hernando, FL 34442
    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
    2799 N Churchill Way Hernando, FL 34442
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.