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    Medical/Retail Office in Prime Location

    11151 SPRING HILL DRIVE Spring Hill, FL 34609

    Claim this Listing
    For Sale
    $495,000

    Office - SPRING HILL, FL

    Type:Office
    Property size:
    1,943 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $254.76/SF
    Added:
    May 28, 2026
    Days on Market:
    48
    Last Refresh:
    Jul 14 at 1:06 am

    Property Features for 11151 SPRING HILL DRIVE

    General Information

    Property type
    Commercial Sale
    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 Annual Amount
    3722.34

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1984
    Building materials
    Block, Brick
    Architectural style
    Other

    Listing agent Caroline Hanna License #3177435

    Listing office CHARLES RUTENBERG REALTY INC 1545 S Belcher Rd, Clearwater, FL

    Listing date May 28, 2026

    MLS# TB8513155 Listing URL

    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 freestanding building, located on Spring Hill Drive, is suitable for medical office use and can be converted to various retail options. The property benefits from high daily traffic counts and easy accessibility. Situated in one of Hernando County’s fastest-growing residential and commercial corridors, the location offers excellent exposure and continued growth potential for owner-users and investors. The property is surrounded by established national anchors including CVS, Walgreens, and Winn-Dixie, creating a high-demand healthcare and retail hub that drives consistent traffic to the area. Its location offers convenient neighborhood access while maintaining strong frontage and signage visibility along one of Spring Hill’s primary thoroughfares. The property size is 1943 square feet and the lot size is 0.17 acres.

    Key Highlights

    • Prime location on Spring Hill Dr with high visibility and traffic
    • Zoned for medical office use with potential for retail conversion
    • Located in a rapidly growing residential and commercial area

    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 (±1% cap)
    NOI $28,497 @ 7.0% cap · market cap 5.76%
    Second Best
    Healthcare Medical
    $357.7K
    $313.0K – $417.4K (±1% cap)
    NOI $25,041 @ 7.0% cap · market cap 5.06%
    Theoretical Best
    Office A
    $621.2K
    $543.6K – $724.8K (±1% cap)
    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

    Suggested Use

    Building Supply Restaurant Auto Repair Shop Big Box & Wholesale Store Law Firm Real Estate Agency Dental Office HVAC Service Gym & Fitness Center Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Medical Office Space - Freestanding medical/retail office building in a high-traffic area.
    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: Prime location on Spring Hill Dr with high visibility and traffic; Zoned for medical office use with potential for retail conversion; Located in a rapidly growing residential and commercial area
    Contact an agent
    (727) 667-8377
    We can help!
    Contact an agent
    Caroline Hanna
    Caroline Hanna
    Real Estate License ID: 3177435
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