Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land For Sale Title is generated by Realmo AI

    18484 PARALLEL ROAD, Weeki Wachee, FL 34614

    View on Map
    Claim this Listing
    For Sale
    $74,900

    Land available on Parallel Road, Weeki Wachee, Florida.

    Type:Land
    Added:
    May 2, 2025
    Days on Market:
    398
    Last Refresh:
    Mar 16 at 8:23 am

    Property Features for 18484 PARALLEL ROAD

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Vanessa Fedorowicz
    Vanessa Fedorowicz

    Listing agent Vanessa Fedorowicz License #3530953

    Listing office

    Listing date May 2, 2025

    Source Evrealestate

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

    All listing content including descriptions, pricing, images are the copyrighted material of Vanessa Fedorowicz

    HighLights

    • Location accessible via US 19, Zebrafinch Ave, and Parallel Ave.
    • Located in Hernando County.

    Overview

    This property is located on Parallel Road in Weeki Wachee, Florida. To reach the property, head north on US 19, turn left onto Zebrafinch Avenue, then turn right onto Parallel Avenue. The property will be on the right.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Law Firm Grocery & Convenience Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Weeki Wachee
    County
    Hernando
    State
    Florida
    Longitude
    -82.55546
    Latitude
    28.692965

    Nearby Similar for Sale

    • $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
    • $950,000

      Weeki Wachee Waterfront Land Opportunity

      3.4 acres with 500+ feet of canal frontage.
      10501 PINE ISLAND DRIVE, WEEKI WACHEE, FL 34607
      View Details
    • $163,000
      576 SF

      Highway Frontage Mixed-Use Opportunity

      Corner lot on US Hwy 19, ideal for various businesses.
      18132 COMMERCIAL WAY, WEEKI WACHEE, FL 34614
      View Details
    • $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
    • $175,000

      Waterfront Land in Weeki Wachee

      Vacant canal-front land with Gulf access in Weeki Wachee.
      River Point Drive, Weeki Wachee, FL 34607
      View Details
    • $1,125,000

      Residential Land in Weeki Wachee

      15.20 acres zoned for single-family residential development.
      0 GANNET AVENUE, WEEKI WACHEE, FL 34613
      View Details
    • $200,000

      Island Land Ready to Build

      Island lot ready to build near Gulf access.
      5360 FELKER DRIVE, WEEKI WACHEE, FL 34607
      View Details
    • $354,000

      Waterfront Land in Weeki Wachee

      Waterfront building lot with Gulf access and coastal lifestyle appeal.
      10166 Cabana Street, Weeki Wachee, FL 34607
      View Details
    • $250,000

      Island Land Ready to Build

      Island lot ready to build near Mary's Fish Camp.
      5362 FELKER DRIVE, WEEKI WACHEE, FL 34607
      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
    • $260,000

      Waterfront Land in Weeki Wachee

      Waterfront lot on freshwater canal, ideal for building.
      5418 CIRCLE DRIVE, WEEKI WACHEE, FL 34607
      View Details

    FAQs

    What type of property is this?
    Land - Land available on Parallel Road, Weeki Wachee, Florida.
    Where is this land located?
    The property is located at 18484 PARALLEL ROAD Weeki Wachee, FL.
    What is the asking price?
    The asking price for this property is $74,900.
    What are key features of this property?
    This property features: Location accessible via US 19, Zebrafinch Ave, and Parallel Ave.; Located in Hernando County.
    (352) 606-1857
    We can help!
    Listing Contact
    Vanessa Fedorowicz
    Vanessa Fedorowicz
    Real Estate License ID: 3530953
    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

    Thank You for Inquiry
    18484 PARALLEL ROAD, WEEKI WACHEE, FL 34614
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!