Free-Standing Medical Office
11151 Spring Hill Drive Spring Hill, FL 34609
For Sale
$495,000
Zoned for medical office use with strong thoroughfare visibility and signage, offering flexibility for healthcare and select retail conversion.
Property Size1,943 SF
Price / SF$254.76
Days on Market65
Property Features for 11151 Spring Hill Drive
General Information
Standard status
Active
Size
1,943 SF
Property subtype
Office
Building Details
Year Built
1984
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Caroline Hanna · License #3177435
Source:
Xome
Added: May 26
Changed: Jul 10
Last Checked: Jun 14 at 1:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CHARLES RUTENBERG REALTY INC
Investment Insights
Based on property information with market context.
This free-standing medical office building is positioned for patient-focused accessibility, with a configuration suited to medical and professional office use. The property is described as well-suited for a variety of healthcare and medical practice types, and the offices can be easily converted to various retail options, providing an additional operating pathway for an owner-user or investor.
Located at 11151 Spring Hill Drive in Spring Hill, the building is presented as having strong visibility along a busy Spring Hill Dr corridor. The remarks emphasize easy accessibility for both patients and staff, along with frontage and signage visibility on one of the area’s primary thoroughfares. The surrounding area includes established national anchors, including CVS, Walgreens, and Winn-Dixie, supporting a retail and healthcare hub environment within the broader Spring Hill commercial corridor.
For tenants and buyers seeking a stand-alone option, the property’s medical office zoning and frontage-oriented presence make it a practical fit for healthcare providers looking for a dedicated facility. For operators exploring diversification, the stated ability to convert the office space to retail uses broadens the potential tenant and business mix without changing the property’s core, street-facing setup.
Located at 11151 Spring Hill Drive in Spring Hill, the building is presented as having strong visibility along a busy Spring Hill Dr corridor. The remarks emphasize easy accessibility for both patients and staff, along with frontage and signage visibility on one of the area’s primary thoroughfares. The surrounding area includes established national anchors, including CVS, Walgreens, and Winn-Dixie, supporting a retail and healthcare hub environment within the broader Spring Hill commercial corridor.
For tenants and buyers seeking a stand-alone option, the property’s medical office zoning and frontage-oriented presence make it a practical fit for healthcare providers looking for a dedicated facility. For operators exploring diversification, the stated ability to convert the office space to retail uses broadens the potential tenant and business mix without changing the property’s core, street-facing setup.
Key Highlights
- Free‑standing medical office building at 11151 Spring Hill Dr in Spring Hill
- Zoned specifically for medical office use
- Built in 1984
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 authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Zoned for medical office use with strong thoroughfare visibility and signage, offering flexibility for healthcare and select retail conversion.
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; Built in 1984
