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

    Spring Hill Dr Spring Hill, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Land in Publix-anchored center on a major thoroughfare.

    Type:LAND
    Lot size:
    0.66 Acres
    Added:
    Mar 28, 2023
    Days on Market:
    1127
    Last Refresh:
    Apr 5 at 10:30 pm

    Property Features for Spring Hill Dr

    General Information

    Standard status
    Active
    Lot size
    0.66 Acres
    Property subtype
    LAND

    Spaces For Lease

    at Spring Hill Dr Contact us

    We can help!

    Listing Contact
    Jessica Moreno

    Listing agent Jessica Moreno

    Listing office The Sembler Company

    Listing date Mar 28, 2023

    Source Moodyscre

    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 The Sembler Company

    Overview

    Commercial Land in Retail Hub

    This commercial land is located within a Publix-anchored shopping center on Commercial Way/US Hwy 19, a primary north-south thoroughfare in Spring Hill. The property is situated in Spring Hill’s retail hub and is surrounded by retailers such as JCPenney, Walmart, Best Buy, Ross, PetSmart, Aldi, and David’s Bridal. It is located one mile north of Pasco-Hernando State College’s Spring Hill campus, which has an enrollment of 1,400 students. The shopping center benefits from two traffic signals on Commercial Way and multiple full access points.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Spring Hill
    County
    Pasco
    State
    Florida
    Longitude
    -82.6375
    Latitude
    28.5087

    Nearby Similar for Lease

    • $1,000/Mo

      Commercial Space in Spring Hill

      Three-unit commercial space available for rent in Spring Hill.
      2122 Mariner Boulevard, Spring Hill, FL 34609
      View Details
    • $3,500/Mo

      Move-In Ready Spring Hill Office

      Flexible office space with high visibility in Spring Hill, FL.
      11031 SPRING HILL DRIVE, SPRING HILL, FL 34608
      View Details
    • $17 SF/Yr

      Professional Office Building on County Line

      High-visibility office building on County Line Road in Spring Hill.
      18824 COUNTY LINE ROAD, SPRING HILL, FL 34610
      View Details
    • $29 SF/Yr

      Suncoast Plaza

      Move-in-ready dental office with 12 operatories in high-visibility location.
      17020 County Line Rd, Unit 103, Spring Hill, FL 34610
      View Details
    • $180 SF/Yr

      Retail Space on Commercial Way

      Retail space available for lease on US-19 Commercial Way.
      1108 COMMERCIAL WAY, SPRING HILL, FL 34606
      View Details
    • $42,924 SF/Yr

      Highway Frontage Retail/Office Space

      Flexible retail/office space on U.S. Highway 19.
      4656 COMMERCIAL Way, Spring Hill, FL 34606
      View Details
    • $12 SF/Yr

      Office/Retail Space Available

      Approximately 800 SF office/retail space for rent.
      1409 KASS Cir, Spring Hill, FL 34606
      View Details
    • Contact for pricing

      Retail Space in Spring Hill

      Community shopping center in a major retail corridor.
      13360 Cortez Blvd, Spring Hill, FL 34613
      View Details
    • $12,000/Mo

      Retail Space on Commercial Way

      Retail space available for rent on Commercial Way.
      4504 COMMERCIAL WAY, SPRING HILL, FL 34606
      View Details
    • $15 SF/Yr

      Retail Space For Lease

      Retail space available for lease with high visibility and access.
      7429 Spring Hill Dr, Spring Hill, FL
      View Details
    • $37,162 SF/Yr

      Retail Space on County Line

      Retail space available for lease on County Line Road.
      18824 COUNTY LINE ROAD, SPRING HILL, FL 34610
      View Details
    • Contact for pricing

      Spring Hill Commercial Space Available

      Commercial space for rent in Spring Hill, Florida.
      Spring Hill, FL 34607
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land in Publix-anchored center on a major thoroughfare.
    Where is this commercial land located?
    The property is located at Spring Hill Dr Spring Hill, FL.
    What are key features of this property?
    This property features: Publix‑anchored center: Attracts consistent customer traffic.; Prime retail location: Situated in Spring Hill's retail hub with proximity to major retailers.; High‑traffic thoroughfare: Located on Commercial Way/US Hwy 19.
    (727) 384-6000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jessica Moreno
    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!