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    Property profile & analytics

    8342 New York Ave Hudson, FL 34667

    • Commercial real estate
    • 11.90 lot acres
    For Sale
    View listing
    $2,899,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3207558
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 8342 New York Ave

    Lot size
    11.90 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 11.9-acre commercial land parcel presents a rare development opportunity in Hudson, Florida. Located at 8342 New York Ave, this property boasts over 390 feet of frontage and is conveniently situated less than half a mile east of US Highway 19, ensuring excellent accessibility. Currently zoned C-2, this site offers a multitude of potential uses, including warehousing, auto sales (including commercial vehicles and RVs), and many other commercial ventures. The city's openness to rezoning to I-1 for light industrial use further enhances the investment potential. The property's history includes use as a driving range with a restaurant and bar, suggesting a rich history and established infrastructure. Utilities are already on-site, simplifying development plans. This offering is particularly attractive to developers and land bank investors due to the potential for seller financing, allowing for flexible acquisition terms. The substantial lot size and prime location make this an exceptional opportunity for a significant commercial development project. The asking price is $2,899,000. Don't miss this chance to acquire a highly versatile and strategically located commercial property in a growing Florida market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hudson
    County
    Pasco
    State
    Florida
    Longitude
    -82.6765615
    Latitude
    28.3746697

    Comparable in this City

    • $975,000
      4.10 Acres

      Prime Hudson Commercial Land

      4.1 Acres, C-1 Zoning, High Visibility
      10924 County Line Rd, Hudson, FL 34667
      View Details
    • $90,000
      0.46 Acres

      Land For Sale, Hudson, FL

      Land with no HOA fees, close to US Highway 19.
      18904 Craig Loop, Hudson, FL 34667
      View Details
    • $249,900
      0.21 Acres

      Waterfront Gulf-Access Lot in Hudson

      Rare, large waterfront lot with direct gulf access, ready to build.
      7436 Yachtsman Dr, Hudson, FL 34667
      View Details
    • $175,000
      0.14 Acres

      Waterfront Land in Sea Pines

      Cleared 6,000 sq ft lot with canal access to Gulf.
      7429 Hatteras Dr, Hudson, FL 34667
      View Details
    • $66,000
      0.46 Acres

      Residential Land in Autumn Oaks

      Partially cleared homesite in a serene, private Hudson community.
      5 Oggie Ln, Hudson, FL 34667
      View Details
    • $899,000
      1.80 Acres

      Retail Land in Established Center

      Ready-to-build retail or commercial land in a busy shopping center.
      12125 Little Rd, Hudson, FL 34667
      View Details

    Similar Nearby for Sale

    • $975,000
      4.10 Acres

      Prime Hudson Commercial Land

      4.1 Acres, C-1 Zoning, High Visibility
      10924 County Line Rd, Hudson, FL 34667
      View Details
    • $90,000
      0.46 Acres

      Land For Sale, Hudson, FL

      Land with no HOA fees, close to US Highway 19.
      18904 Craig Loop, Hudson, FL 34667
      View Details
    • $249,900
      0.21 Acres

      Waterfront Gulf-Access Lot in Hudson

      Rare, large waterfront lot with direct gulf access, ready to build.
      7436 Yachtsman Dr, Hudson, FL 34667
      View Details
    • $175,000
      0.14 Acres

      Waterfront Land in Sea Pines

      Cleared 6,000 sq ft lot with canal access to Gulf.
      7429 Hatteras Dr, Hudson, FL 34667
      View Details
    • $66,000
      0.46 Acres

      Residential Land in Autumn Oaks

      Partially cleared homesite in a serene, private Hudson community.
      5 Oggie Ln, Hudson, FL 34667
      View Details
    • $899,000
      1.80 Acres

      Retail Land in Established Center

      Ready-to-build retail or commercial land in a busy shopping center.
      12125 Little Rd, Hudson, FL 34667
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent Near Circle K

      1.92 acres of land suitable for car wash site.
      15807 Us Highway 19, Hudson, FL 34667
      View Details
    • Contact for pricing

      Hudson Commercial Land - 1.5 Acres

      Prime 1.5-acre commercial lot in Hudson, FL.
      12120 Little Rd, Hudson, FL 34667
      View Details
    • $12 SF/Yr
      2,400 SF

      Hudson, FL: Office & Flex Space

      Versatile Spaces, Flexible Lease Terms
      18401 Us Highway 19, Hudson, FL 34667
      View Details
    • Contact for pricing
      176,577 SF

      Hudson Retail Space For Lease

      Prime retail space, flexible layouts available.
      8800-8962 State Rd 52, Hudson, FL 34667
      View Details
    • $17 SF/Yr
      669 SF

      Highway 19 Retail Spaces Available

      Retail spaces for lease with high traffic and ample parking.
      15215 Us Highway 19, Hudson, FL 34667
      View Details
    • Contact for pricing
      10,715 SF

      Hudson Retail Center - Highway 19

      Six Retail Spaces, High Traffic, Updated 2023
      15215 Us Highway 19, Hudson, FL 34667
      View Details
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    8342 New York Ave
    Hudson, FL 34667
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    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
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