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

    15718 County Line Rd Spring Hill, FL 34610-6705

    • Retail properties
    • 2,372 SF
    • 1.01 lot acres
    OFF-MARKET
    Last Sale
    May 23, 2024
    $500,000
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3127848
    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

    • Retail properties

    Property Details for 15718 County Line Rd

    Year built
    1990
    Lot size
    1.01 lot acres
    Property size
    2,372 SF
    Zone code
    00C2
    Property type
    Retail properties
    APN
    01-24-17-0000-00100-0166
    APU
    124170000001000166

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $500,000
      ML approach
      $500,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $531,000
      Market price range: $309k - $887k
      AI Estimate
      $311,000
      Market price range: $194k - $478k

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $550,000
      Current use
      AUTO REPAIR, GARAGE
      $450,000
      Change: -18% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $440,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Hill
    County
    Pasco
    State
    Florida
    Longitude
    -82.5558
    Latitude
    28.4332
    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
    $4,525
    $137,659
    $102,434
    $240,093
    -
    $137,659
    $102,434
    $240,093

    Comparable in this City

    • Value Estimation
      $230,000
      299 SF

      17841 Us Hwy 41

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 299 SF
      17841 Us Hwy 41, Spring Hill, FL 34610-7440
      View Details
    • Value Estimation
      $245,000
      750 SF

      18815 Old Shady Hls Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 750 SF
      18815 Old Shady Hls Rd, Spring Hill, FL 34610-6735
      View Details
    • Value Estimation
      $295,000
      2,376 SF

      16030 Shady Hls Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,376 SF
      16030 Shady Hls Rd, Spring Hill, FL 34610-3837
      View Details
    • Value Estimation
      $400,000
      2,205 SF

      15740 County Line Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,205 SF
      15740 County Line Rd, Spring Hill, FL 34610-6705
      View Details
    • Value Estimation
      $460,000
      1,431 SF

      16164 County Line Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,431 SF
      16164 County Line Rd, Spring Hill, FL 34610-6779
      View Details
    • Value Estimation
      $405,000
      6,026 SF

      15642 County Line Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,026 SF
      15642 County Line Rd, Spring Hill, FL 34610-6704
      View Details

    Similar Nearby for Sale

    • $2,200,000
      8.13 Acres

      Highway Frontage Commercial Land Opportunity

      Expansive 8.13 acre commercial land with highway frontage.
      17201 Us Highway 41, Spring Hill, FL 34610
      View Details
    • $825,000
      1.40 Acres

      Shady Hills Mixed-Use Property

      Commercial space with residence, pool, and business potential in Shady Hills.
      15525 Shady Hills Rd, Brooksville, FL 34610
      View Details
    • $825,000
      4,040 SF

      Shady Hills Commercial Opportunity

      Commercial space with living quarters, pool, and outdoor amenities.
      15525 Shady Hills Rd, Brooksville, FL 34610
      View Details
    • $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
    • $1,950,000

      9.75-Acre Redevelopment Site

      9.75-acre site with commercial frontage and agricultural land.
      16924 Shady Hills Rd, Brooksville, FL 34610
      View Details
    • $825,000
      3,040 SF

      Shady Hills Mixed-Use Property

      Mixed-use property with commercial space and residential oasis in Shady Hills.
      15525 Shady Hills Rd, Brooksville, 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
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    15718 County Line Rd
    Spring Hill, FL 34610-6705
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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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