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

    15240 County Line Rd Spring Hill, FL 34610-6769

    • Office buildings
    • 4,000 SF
    • 0.62 lot acres
    OFF-MARKET
    Last Sale
    Feb 10, 2023
    $900,000
    Value Estimations
    $870,000
    Show details
    Cap Rate Potential
    3.2%
    Office buildings
    Location Intelligence
    Property ID
    US18-1094188
    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

    • Office buildings

    Property Details for 15240 County Line Rd

    Year built
    1988
    Lot size
    0.62 lot acres
    Property size
    4,000 SF
    Zone code
    00C2
    Property type
    Office buildings
    APN
    01-24-17-0000-00100-0031
    APU
    124170000001000031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $915,000
      ML approach
      $775,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $760,000
      COMMERCIAL (GENERAL)
      $745,000
      RETAIL STORES
      $610,000
      MEDICAL BUILDING
      $540,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Hill
    County
    Pasco
    State
    Florida
    Longitude
    -82.5631
    Latitude
    28.4335
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,757
    $84,782
    $106,566
    $191,348
    -
    $84,782
    $106,566
    $191,348

    Comparable in this City

    • Value Estimation
      $670,000
      6,000 SF

      11919 Alric Pottberg Rd

      OFFICE BUILDING • 6,000 SF
      11919 Alric Pottberg Rd, Spring Hill, FL 34610-7627
      View Details
    • Value Estimation by Request
      1,056 SF

      18638 Us Hwy 41

      OFFICE BUILDING • 1,056 SF
      18638 Us Hwy 41, Spring Hill, FL 34610-2229
      View Details
    • Value Estimation by Request
      4,400 SF

      16901 Shady Hls Rd

      OFFICE BUILDING • 4,400 SF
      16901 Shady Hls Rd, Spring Hill, FL 34610-6848
      View Details
    • Value Estimation by Request
      5,056 SF

      13525 Us Hwy 41

      OFFICE BUILDING (MULTI-STORY) • 5,056 SF
      13525 Us Hwy 41, Spring Hill, FL 34610
      View Details
    • Value Estimation
      $770,000
      1,489 SF

      13018 Us Hwy 41

      OFFICE BUILDING • 1,489 SF
      13018 Us Hwy 41, Spring Hill, FL 34610-2920
      View Details
    • Value Estimation by Request
      5,816 SF

      16443 Us Hwy 41

      OFFICE BUILDING • 5,816 SF
      16443 Us Hwy 41, Spring Hill, FL 34610
      View Details

    Similar Nearby for Sale

    • $399,000
      1,344 SF

      Retail/Office Space on US Highway

      Commercial space in Opportunity Zone near Hernando and Pasco County.
      18133 Us Highway 41, Spring Hill, FL 34610
      View Details
    • $269,000
      830 SF

      Remodeled Office Space on US-41

      Remodeled office on US-41 with retail/office/residential potential.
      18127 Us Highway 41, Spring Hill, FL 34610
      View Details
    • $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
    • $175,000
      2.42 Acres

      2.42 Acres Vacant Land

      2.42 acres of vacant land suitable for various uses.
      15542 Peace Blvd, Spring Hill, FL 34610
      View Details
    • $5,500,000
      1,093.00 Acres

      1,093 Acres Old Florida Ranch

      Prime Hunting & Recreational Land
      0 State Rd 52, Shady Hills, FL 34610
      View Details
    • $150,000
      1.04 Acres

      Land in Shady Hills, Florida

      One-acre lot with well, septic, and electricity in Shady Hills.
      17755 Bosley Dr, Shady Hills, FL 34610
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      2,186 SF

      Professional Office Building on County Line

      High-visibility office building on County Line Road in Spring Hill.
      18824 County Line Rd, Spring Hill, FL 34610
      View Details
    • $1,500 /Mo
      44,867 SF

      Renovated Office Space on Highway

      Renovated upper unit office space on busy Highway 41.
      18402 Us-41, Spring Hill, FL 34610
      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.
    15240 County Line Rd
    Spring Hill, FL 34610-6769
    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.