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    11951 Canyon Blvd Spring Hill, FL 34610

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    11951 Canyon Blvd Spring Hill, FL 34610

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    • Commercial real estate
    • 2.00 lot acres
    Off-Market
    Property ID
    US18-4906251
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 11951 Canyon Blvd

    Lot size
    2.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 2-acre commercial land parcel presents a remarkable investment opportunity in Spring Hill, Florida. Located at 11951 Canyon Boulevard, this property boasts a highly desirable Planned Development, Project Neighborhood Commercial zoning designation, opening doors to a variety of commercial ventures. Its strategic hard corner location at a well-lit intersection ensures maximum visibility and convenient access for potential businesses. The site is ideally suited for a convenience store with gas pumps (up to a maximum of 12), a quick-service restaurant (QSR), or retail establishment. The property's proximity to major roadways, including SR 589 (Veteran Expressway and Suncoast Parkway), provides unparalleled accessibility and significant exposure to a large customer base. This prime location offers substantial growth potential and is ready for immediate development. The property is being offered for sale and presents a rare chance to acquire a highly visible and strategically positioned commercial lot in a thriving Florida market. Detailed zoning information and development guidelines are available upon request. This is an exceptional opportunity for investors seeking a high-impact commercial investment in a rapidly growing area. Don't miss out on this chance to secure a piece of Spring Hill's vibrant commercial landscape.

    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
    Spring Hill
    County
    Pasco
    State
    Florida
    Longitude
    -82.559192
    Latitude
    28.3315712

    Comparable in this City

    • $500,000
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      Spacious Land Parcel in Spring Hill

      6.5-acre parcel near State Road 52, ideal for rural living.
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      9.99 Acres on US Highway

      9.99-acre land with frontage on US Highway 41.
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    • $175,000
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      2.42 Acres Vacant Land

      2.42 acres in Pasco County, perfect for farming.
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    • $10,000,000
      179.25 Acres

      180 Acres Land For Development

      179.25 acres for residential development with access to Tampa.
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    • $375,000
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      10-Acre Vacant Lot in Spring Hill

      10-acre vacant lot with well, power, and septic tank.
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    • $499,000
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      5 Acres Corner Lot Land

      High and dry 5-acre corner lot in a growing area.
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    Similar Nearby for Sale

    • $500,000
      6.51 Acres

      Spacious Land Parcel in Spring Hill

      6.5-acre parcel near State Road 52, ideal for rural living.
      Kent Grove Dr, Spring Hill, FL 34610
      View Details
    • Contact for pricing

      9.99 Acres on US Highway

      9.99-acre land with frontage on US Highway 41.
      16350 Us Highway 41, Spring Hill, FL 34610
      View Details
    • $175,000
      Pending

      2.42 Acres Vacant Land

      2.42 acres in Pasco County, perfect for farming.
      15542 Peace Blvd, Spring Hill, FL 34610
      View Details
    • $10,000,000
      179.25 Acres

      180 Acres Land For Development

      179.25 acres for residential development with access to Tampa.
      Bowman Rd, Spring Hill, FL 34610
      View Details
    • $375,000
      10.26 Acres

      10-Acre Vacant Lot in Spring Hill

      10-acre vacant lot with well, power, and septic tank.
      13331 Treaty Rd, Spring Hill, FL 34610
      View Details
    • $499,000
      5.00 Acres

      5 Acres Corner Lot Land

      High and dry 5-acre corner lot in a growing area.
      Shady Hills Rd, Brooksville, FL 34610
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr

      Suncoast Plaza

      Turnkey Dental Office for Lease
      17020 County Line Rd, Spring Hill, FL 34610
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    • $37,162
      2,186 SF

      Retail Space on County Line

      Retail space available for lease on County Line Road.
      18824 County Line Rd, Spring Hill, FL 34610
      View Details
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    11951 Canyon Blvd
    Spring Hill, FL 34610
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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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