Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Minnow Creek Dr Hernando Beach, FL 34607

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Minnow Creek Dr Hernando Beach, FL 34607

    View on Map
    • Land
    • 0.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Minnow Creek Dr

    Lot size
    0.17 lot acres
    Property type
    Land

    Description

    This exceptional 0.165-acre residential lot in Hernando Beach, Florida, presents a unique opportunity to build your dream home. Located on Minnow Creek Drive, 34607, this property boasts direct access to the water, offering stunning canal views and convenient access to the Gulf of Mexico. Enjoy the tranquility of waterfront living while remaining close to the amenities of Spring Hill, including a wide array of shopping centers, highly-rated schools, excellent medical facilities, and diverse dining options. The property's address is Minnow Creek Dr, Hernando Beach, FL 34607, situated in Hernando County. Its convenient location provides easy access to both the serene natural beauty of the Gulf coast and the everyday conveniences of a thriving community. The lot's size is ideal for constructing a comfortable single-family residence, taking full advantage of the picturesque waterfront setting. Buyers will appreciate the blend of peaceful waterfront living and proximity to urban conveniences. This is a rare opportunity to acquire a prime piece of land in a highly desirable location, perfect for those seeking a relaxed coastal lifestyle with easy access to essential services and recreational activities. The latitude and longitude coordinates are 28.5004098, -82.6576809 respectively. The asking price for this remarkable property is $599,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hernando Beach
    County
    Hernando
    State
    Florida
    Longitude
    -82.6577
    Latitude
    28.5004

    Comparable in this City

    • Value Estimation by Request

      00 Gulf Coast Dr

      Land
      00 Gulf Coast Dr, Hernando Beach, FL 34607
      View Details
    • Value Estimation by Request
      10.80 Acres

      Driftwood Dr

      Private islands • 10.80 Acres
      0 Driftwood Dr, Spring Hill, FL 34607
      View Details
    • Value Estimation by Request
      0.16 Acres

      00 Gulf Coast Dr

      Land • 0.16 Acres
      00 Gulf Coast Dr, Hernando Beach, FL 34607
      View Details
    • Value Estimation by Request
      27.90 Acres

      1490 Indian Bay Rd

      Farms • 27.90 Acres
      1490 Indian Bay Rd, Spring Hill, FL 34607
      View Details
    • Value Estimation by Request
      48.30 Acres

      3217 Shine Ln

      Farms • 48.30 Acres
      3217 Shine Ln, Spring Hill, FL 34607
      View Details
    • Value Estimation by Request
      0.17 Acres

      3327 Turks Cap Dr

      Land • 0.17 Acres
      3327 Turks Cap Dr, Hernando Beach, FL 34607
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease Opportunity

      Located on US 19 & SR 52 in Spring Hill.
      Cortez Blvd, Spring Hill, FL 34607
      View Details
    • Contact for pricing

      Commercial Land For Rent

      Commercial land available for rent with frontage on SR 50.
      Cortez Blvd, Brooksville, FL 34607
      View Details
    • Contact for pricing

      Commercial Land in Retail Hub

      Land in Publix-anchored center on a major thoroughfare.
      Spring Hill Dr, Spring Hill, FL 34607
      View Details
    • Contact for pricing
      1,174 SF

      Retail Space in Spring Hill

      Retail space available in Spring Hill's dominant power center.
      1253-1437 Wendy Ct, Spring Hill, FL 34607
      View Details
    • Contact for pricing

      Spring Hill Commercial Space Available

      Commercial space for rent in Spring Hill, Florida.
      1417 Wendy Ct, Spring Hill, FL 34607
      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.
    Minnow Creek Dr
    Hernando Beach, FL 34607
    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!