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    9819 Commercial Way Weeki Wachee, FL 34613-3941

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    9819 Commercial Way Weeki Wachee, FL 34613-3941

    View on Map
    • Drug stores
    • 14,778 SF
    • 1.59 lot acres
    Off-Market
    Last Sale Jun 16, 2025
    Property ID
    US18-5109955
    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
    $1,345,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drug stores

    Property Details for 9819 Commercial Way

    Year built
    2008
    Construction
    CONCRETE
    Lot size
    1.59 lot acres
    Property size
    14,778 SF
    Property type
    Drug stores
    APN
    R13-222-17-3481-0000-0010
    APU
    R1322217348100000010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $877,000
      Market price range: $236k - $1.76M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,000,000
      OFFICE BUILDING
      $1,915,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Weeki Wachee
    County
    Hernando
    State
    Florida
    Longitude
    -82.5587
    Latitude
    28.572
    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
    2022
    $36,040
    $237,313
    $1,915,134
    $2,152,447
    -
    $510,445
    $2,170,423
    $2,680,868

    Comparable in this City

    • Value Estimation
      $1,385,000
      14,919 SF

      13053 Cortez Blvd

      DRUG STORE, PHARMACY • 14,919 SF
      13053 Cortez Blvd, Brooksville, FL 34613-4838
      View Details
    • Value Estimation
      $2,715,000
      12,373 SF

      12990 Cortez Blvd

      DRUG STORE, PHARMACY • 12,373 SF
      12990 Cortez Blvd, Brooksville, FL 34613-6803
      View Details
    • Value Estimation
      $1,835,000
      12,236 SF

      9204 Cortez Blvd

      DRUG STORE, PHARMACY • 12,236 SF
      9204 Cortez Blvd, Weeki Wachee, FL 34613-6371
      View Details
    • Value Estimation by Request
      3,030 SF

      14300 Cortez Blvd

      FINANCIAL BUILDING • 3,030 SF
      14300 Cortez Blvd, Brooksville, FL 34613-5917
      View Details
    • Value Estimation
      $2,750,000
      3,574 SF

      12300 Cortez Blvd

      FINANCIAL BUILDING • 3,574 SF
      12300 Cortez Blvd, Brooksville, FL 34613-5848
      View Details
    • Value Estimation
      $720,000
      9,382 SF

      10210 Hexam Rd

      STORE, RETAIL OUTLET • 9,382 SF
      10210 Hexam Rd, Weeki Wachee, FL 34613-3611
      View Details

    Similar Nearby for Sale

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      188,347 SF shopping center in major retail corridor.
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    • $579,000
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      Retail Space on Chambord Street

      Retail space available for sale on Chambord Street.
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      1,710 SF

      Prime Corner Redevelopment Opportunity

      Exceptional redevelopment site on a high-traffic commercial corridor.
      10177 Cortez Blvd, Brooksville, FL 34613
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    • $579,000
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      Commercial Building with Rented Apartment

      Income-producing commercial building with apartment on a fully fenced lot.
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    Similar Nearby for Lease

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      2,880 SF

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      Retail space available in Brooksville's renovated shopping center.
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      View Details
    • Contact for pricing
      4,152 SF

      Retail Space in Brooksville, FL

      4,152 SF retail space available with strong co-tenants.
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      View Details
    • Contact for pricing

      Retail Space in Spring Hill

      Community shopping center in a major retail corridor.
      13360 Cortez Blvd, Spring Hill, FL 34613
      View Details
    • Contact for pricing

      Retail Space in Weeki Wachee

      Retail space for lease in Weeki Wachee, Florida.
      9595 Commercial Way U.S 19, Weeki Wachee, FL 34613
      View Details
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    Weeki Wachee, FL 34613-3941
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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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