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    Property profile & analytics

    8951 Hudson Ave Hudson, FL 34667-8030

    • Retail space
    • 13,749 SF
    • 1.94 lot acres
    OFF-MARKET
    Last Sale
    Nov 21, 2024
    $4,835,900
    Value Estimations
    $5,045,000
    Show details
    Cap Rate Potential
    2.6%
    Retail space
    Location Intelligence
    Property ID
    US18-4350503
    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 space

    Property Details for 8951 Hudson Ave

    Year built
    1998
    Lot size
    1.94 lot acres
    Property size
    13,749 SF
    Zone code
    MPUD
    Property type
    Retail space
    APN
    35-24-16-0000-01100-0041
    APU
    3524160000011000041

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,245,000
      ML approach
      $5,275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,290,000
      Market price range: $1.01M - $3.29M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $6,960,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hudson
    County
    Pasco
    State
    Florida
    Longitude
    -82.6668
    Latitude
    28.3599
    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
    $42,939
    $974,965
    $1,478,813
    $2,453,778
    -
    $974,965
    $1,478,813
    $2,453,778

    Comparable in this City

    • Value Estimation by Request
      3,840 SF

      6727 Tower Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,840 SF
      6727 Tower Dr, Hudson, FL 34667-1759
      View Details
    • Value Estimation by Request
      1,440 SF

      9029 Denton Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      9029 Denton Ave, Hudson, FL 34667-4340
      View Details
    • Value Estimation
      $4,785,000
      11,200 SF

      12011 Little Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,200 SF
      12011 Little Rd, Hudson, FL 34667-2922
      View Details
    • Value Estimation by Request
      8,888 SF

      7621 Maryland Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,888 SF
      7621 Maryland Ave, Hudson, FL 34667-3290
      View Details
    • Value Estimation
      $1,775,000
      12,552 SF

      13780 Us Hwy 19

      RETAIL STORES (PERSONAL SERVICES) • 12,552 SF
      13780 Us Hwy 19, Hudson, FL 34667-1458
      View Details
    • Value Estimation by Request
      1,432 SF

      15011 Us Hwy 19

      RETAIL STORES (PERSONAL SERVICES) • 1,432 SF
      15011 Us Hwy 19, Hudson, FL 34667-3669
      View Details

    Similar Nearby for Sale

    • New
      $999,999
      5,054 SF

      US-19 Commercial Property For Sale

      Commercial property on US-19 with multiple buildings and owner financing.
      14827 Us Highway 19, Hudson, FL 34667
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    • $1,300,000

      Industrial Flex Space with Retail

      Prime industrial flex space with retail frontage and outdoor storage.
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      Industrial Flex Space with Retail

      Prime industrial flex space with retail frontage and outdoor storage.
      7008-7010-7012 Clark St, Hudson, FL 34667
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    • $750,000
      4,214 SF

      Waterfront Commercial Investment Opportunity

      Five-unit commercial building with income potential in Hudson, Florida.
      6920 Clark St, Hudson, FL 34667
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    • New
      $999,999
      5,054 SF

      US-19 Commercial Property For Sale

      Commercial property on US-19 with multiple buildings and income potential.
      14827 Us Highway 19, Hudson, FL 34667
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    • $795,000
      1 SF

      Prime Highway 19 Redevelopment Opportunity

      High-visibility location on US Highway 19, ideal for redevelopment.
      12515 Us Highway 19, Hudson, FL 34667
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      669 SF

      Highway 19 Retail Spaces Available

      Retail spaces for lease with high traffic and ample parking.
      15215 Us Highway 19, Hudson, FL 34667
      View Details
    • $61,802

      Retail/Office Space Available For Rent

      Retail and office space available for lease.
      14100 Fivay Rd, Hudson, FL 34667
      View Details
    • $180,285

      Retail Space Available For Rent

      Retail space available for lease at $11 per square foot.
      15215 A St, Port Richey, FL 34667
      View Details
    • $14 SF/Yr
      1,440 SF

      Retail Space Available For Lease

      Retail space available for lease in Hudson, Florida.
      13006 County Line Rd, Hudson, FL 34667
      View Details
    • $16 SF/Yr
      1,250 SF

      Prime Retail Space in Hudson

      High-visibility retail space with free rent in Tower Oaks.
      8923 State Rd 52, Hudson, FL 34667
      View Details
    • $12 SF/Yr
      5,267 SF

      Retail Space on State Road

      Affordable retail bays with high visibility on a busy road.
      7414 State Rd 52, Port Richey, FL 34667
      View Details
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    8951 Hudson Ave
    Hudson, FL 34667-8030
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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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