Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    15200 Copeland Way Spring Hill, FL 34604

    • Land
    • 2.75 lot acres
    For Sale
    View listing
    $995,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 15200 Copeland Way

    Lot size
    2.75 lot acres
    Property type
    Land

    Description

    This exceptional 2.75-acre commercial land parcel in Spring Hill, Florida, presents a remarkable investment opportunity. Ideally situated along Spring Hill Drive's thriving retail corridor in Hernando County (zip code 34604), this property boasts 300 feet of frontage and experiences over 23,000 vehicles passing daily. Its prime location offers unparalleled visibility and accessibility, with nearby established businesses including McDonald's, Target, Kohl's, Walmart, Publix, and several national quick-service restaurants. The property's proximity to the Suncoast Parkway (less than half a mile) ensures convenient access for commuters and customers. Zoned for commercial use, this assemblage is perfectly suited for a variety of developments, including medical or professional offices, retail spaces, and quick-service restaurants. The surrounding area is experiencing significant growth, fueled by new residential and business developments, as well as the presence of the Space Hub Incubation Center. The property is entirely high and dry, minimizing risk and maximizing development potential. This is a rare opportunity to acquire a well-positioned commercial land parcel in a rapidly expanding market. The asking price is $995,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spring Hill
    County
    Hernando
    State
    Florida
    Longitude
    -82.4743
    Latitude
    28.4817

    Comparable in this City

    • Value Estimation by Request
      2.93 Acres

      US41 And Spg Hl Dr

      Land • 2.93 Acres
      US41 And Spg Hl Dr, Brooksville, FL 34604
      View Details
    • Value Estimation by Request
      2.63 Acres

      Spring Hill Dr

      Land • 2.63 Acres
      0 Spring Hill Dr, Brooksville, FL 34604
      View Details
    • Value Estimation by Request
      91.98 Acres

      Sound Pine Island Dr

      Land • 91.98 Acres
      Sound Pine Island Dr, Spring Hill, FL 34604
      View Details
    • Value Estimation by Request
      2.00 Acres

      00 Broad St

      Land • 2.00 Acres
      00 Broad St, Brooksville, FL 34604
      View Details
    • Value Estimation by Request
      6.80 Acres

      00 Powell Rd

      Land • 6.80 Acres
      00 Powell Rd, Brooksville, FL 34604
      View Details
    • Value Estimation by Request

      15275 Powell Rd

      Land
      15275 Powell Rd, Brooksville, FL 34604
      View Details

    Similar Nearby for Sale

    • $995,000
      2.75 Acres

      Brooksville Commercial Land

      2.75 Acres, High-Traffic Location
      15200 Copeland Way, Spring Hill, FL 34604
      View Details
    • Contact for pricing
      2.93 Acres

      Brooksville Commercial Land - 2.93 Acres

      Prime Commercial Land, High Traffic Area
      US41 And Spg Hl Dr, Brooksville, FL 34604
      View Details
    • $275,000
      91.98 Acres

      Prime Commercial Waterfront Land

      91 Acres, Lee County, Florida
      Sound Pine Island Dr, Spring Hill, FL 34604
      View Details
    • $999,000
      2.00 Acres

      Prime Brooksville Commercial Land

      2 Acres on Hwy 41, $999,000
      00 Broad St, Brooksville, FL 34604
      View Details
    • $5,500,000

      Brooksville Townhome Development Land

      25.7 Acres, 175 Townhome Units Approved
      18039 Powell Rd, Brooksville, FL 34604
      View Details
    • New
      $44,999
      0.58 Acres

      Scenic Land Parcel in Brooksville

      0.58-acre parcel near schools, parks, and major highways.
      1015 Jenkins Ave, Brooksville, FL 34604
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Near Suncoast Parkway Onramp

      Commercial land with high traffic near major retailers and golf communities.
      15166 Spring Hill Dr, Brooksville, FL 34604
      View Details
    • Contact for pricing

      Land on Spring Hill Drive

      Land available on Spring Hill Drive near Suncoast Parkway.
      15166 Spring Hill Dr, Brooksville, FL 34604
      View Details
    • $18 SF/Yr
      3,500 SF

      Spacious Warehouse with Included Utilities

      3500 SF warehouse with included utilities near Hwy 41.
      2251 Topline Way, Brooksville, FL 34604
      View Details
    • $14 SF/Yr
      2,500 SF

      Spacious Warehouse Bay with Amenities

      2500 sq ft warehouse with included utilities and shared amenities.
      2251 Topline Way, Brooksville, FL 34604
      View Details
    • $18 SF/Yr
      3,500 SF

      Spacious Bay Garage in Brooksville

      3500 sq ft warehouse with included utilities near Hwy 41.
      2251 Topline Way, Brooksville, FL 34604
      View Details
    • $1.00 SF/Yr
      7,000 SF

      BROOKSVILLE Office Space For Lease

      Deluxe office spaces ranging from 700 to 7,000 square feet.
      2251 Topline Way, Brooksville, FL 34604
      View Details
    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.
    15200 Copeland Way
    Spring Hill, FL 34604
    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.
    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.