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Property profile & analytics
FOR LEASE
Outlet malls

2468 Commercial Way Spring Hill, FL 34606

86,670 SF 9.2 ac lot Built 1982
Entity Owned 5-yr Hold Free & Clear
Property ID
US18-5399873
Property summary
AI-generated overview

This exceptional 0.5-acre commercial land outlot presents a unique investment opportunity in Spring Hill, Florida. Situated on heavily trafficked US-19 (Commercial Way), this property boasts daily traffic counts exceeding 45,000 vehicles. Its strategic location offers convenient access for both northbound and southbound traffic, with a dedicated left turn lane for southbound access and two right-in access points for northbound traffic. The site benefits from excellent visibility and accessibility, enhanced by its placement near established retail giants including Rural King, Harbor Freight, Big Lots, and Winn-Dixie. This prime location is further complemented by the proximity of other successful businesses such as Long John Silver's/A&W, McDonald's, Red Lobster, Taco Bell, O'Reilly Auto Parts, and Suncoast Credit Union. The property's strategic position between two major shopping centers, Nature Coast Commons (featuring Walmart, JCPenney, Best Buy, and more) and Lakewood Plaza (including Target, Publix, and JOANN), ensures high consumer traffic and visibility. The surrounding area boasts a substantial residential population of approximately 75,000 within a 5-mile radius, with an average household income of approximately $60,000 per year, creating a strong consumer base for any business established on this site. This rare outlot opportunity offers significant potential for a variety of commercial ventures.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1982
Construction CONCRETE
Total area 86,670 SF
Lot 9.2 ac (400,752 SF)
APN R20-223-17-6000-0000-00A0
UPID US18-5399873
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.03M
Owner & transaction history
Rural King Realty LLC · 5 yrs held
Rural King Realty LLC
since 2020
4 recorded transactions
2020
Price N/A
2013
$1.6M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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