Free-Standing Medical Office
11151 SPRING HILL Drive Spring Hill, FL 34609
11151 SPRING HILL Drive, Spring Hill, FL, 34609
$495,000
For Sale
$495,000
SINGLE_FAMILY - SPRING HILL, FL
Property Size1,943 SF
Lot Size0.17 Acres
Price / SF$254.76
Days on Market55
Property Features for 11151 SPRING HILL Drive
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Active
- APN
- R32-323-17-5090-0498-0250
- Size
- 1,943 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SPRING HILL UNIT 9 BLK 498 LOT 25 ORB 1335 PG 1098
- Tax Annual Amount
- 3722
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1984
- Floors in Building
- 1
- Building materials
- Block, Brick
Listing Agency
CHARLES RUTENBERG REALTY INC
(727) 538-9200
1545 S Belcher Rd, Clearwater, FL
Listed by
Caroline Hanna · License #3177435
(727) 667-8377
Added: May 28 Updated: Jul 20 at 8:53 pm Checked: Jul 21 at 3:06 am
MLS# TB8513155
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This free-standing medical office building offers approximately 1,943 square feet of space and is presented for sale as a purpose-fit medical setting. The property is described as zoned specifically for medical office use, with potential flexibility noted for office-to-other-use conversions.
The building is located at 11151 Spring Hill Drive in Spring Hill, providing visibility along Spring Hill Dr with easy access for patients and staff. The surrounding area includes established national anchors such as CVS, Walgreens, and Winn-Dixie, supporting a high-demand healthcare and retail corridor.
Set on a 0.17-acre lot, the property is positioned for owner-users and investors seeking a medical office asset in Hernando County’s growing residential and commercial market.
The building is located at 11151 Spring Hill Drive in Spring Hill, providing visibility along Spring Hill Dr with easy access for patients and staff. The surrounding area includes established national anchors such as CVS, Walgreens, and Winn-Dixie, supporting a high-demand healthcare and retail corridor.
Set on a 0.17-acre lot, the property is positioned for owner-users and investors seeking a medical office asset in Hernando County’s growing residential and commercial market.
Key Highlights
- Free‑standing medical office building at 11151 Spring Hill Dr in Spring Hill
- Zoned specifically for medical office use
- Central air cooling; constructed with block and brick materials
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.0k | $25.20 |
| − Vacancy | −$11.0k | −$5.64 |
| EGI | $38.0k | $19.56 |
| − OpEx | −$9.5k | −$4.89 |
| NOI | $28.5k | $14.67 |
1,943 SF · lease $25.20/SF/yr · vacancy 22.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$407.1K
$356.2K – $475.0K
NOI $28,497 @ 7.0% cap · market cap 5.76%
Second Best
Healthcare Medical
$357.7K
$313.0K – $417.4K
NOI $25,041 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$621.2K
$543.6K – $724.8K
NOI $43,485 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Free-standing medical office building for sale at 11151 Spring Hill Dr in Spring Hill, Florida.
Where is this medical office space located?
The property is located at 11151 SPRING HILL Drive Spring Hill, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Free‑standing medical office building at 11151 Spring Hill Dr in Spring Hill; Zoned specifically for medical office use; Central air cooling; constructed with block and brick materials
