Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4520-4522 Commercial Way Spring Hill, FL 34606

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $49,980

    Commercial space for lease with offices, reception, and parking.

    Property size:
    4,998 SF
    Lot size:
    1.87 Acres

    Property Features for 4520-4522 Commercial Way

    General Information

    Standard status
    Active
    Size
    4,998 SF
    Lot size
    1.87 Acres

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Sean Bradley
    Sean Bradley
    Source: Exitrealty

    Listing Agency: KW REALTY ELITE PARTNERS Listing Agent: Sean Bradley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Commercial Space on Commercial Way

    This commercial property for lease is located on Commercial Way (US 19). The space includes a large open reception area/showroom, five offices, a nurses station, five medical offices, and a second reception area. It also features a kitchen/break room, a large conference room, four bathrooms, a copy room, two front entrances, a back and side exit, and a storage room. The unit is located downstairs. The location benefits from high traffic, with approximately 41,000 vehicles passing by daily. Ample on-site parking is available for staff and clients. The property's size is 4,998 square feet.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Vet Wellcare Vaccinations Clinic at Pet Supermarket, Animal Emergency of Hernando Inc..

    Location Insight

    • Map
    • Local Demand
    City
    Spring Hill
    County
    Pasco
    State
    Florida
    Longitude
    -82.5945198
    Latitude
    28.4947436

    Nearby Similar for Lease

    • New
      $10 SF/Yr
      Pending

      Commercial Way Mixed-Use Property

      Mixed-use property for lease on Commercial Way in Spring Hill.
      4560-4568 Commercial Way, Spring Hill, FL 34606
      View Details
    • New
      $10 SF/Yr
      Pending

      Commercial Way Mixed-Use Property

      Mixed-use property for lease on Commercial Way in Spring Hill.
      4560-4568 Commercial Way, Spring Hill, FL 34606
      View Details
    • $1,000 /Mo
      969 SF

      Spring Hill Office Space Available

      Office space for lease in high-traffic Spring Hill location.
      4504 Commercial Way, Spring Hill, FL 34606
      View Details
    • $17 SF/Yr
      2,186 SF

      Professional Office Building on County Line

      High-visibility office building on County Line Road in Spring Hill.
      18824 County Line Rd, Spring Hill, FL 34610
      View Details
    • $1,000 /Mo
      969 SF

      Spring Hill Office Space Available

      Office space for lease in high-traffic Spring Hill location.
      4504 Commercial Way, Spring Hill, FL 34606
      View Details
    • $807 /Mo
      969 SF

      SPRING HILL Mixed-Use Property

      Mixed-use property for lease in high-traffic SPRING HILL location.
      4546 Commercial Way, Spring Hill, FL 34606
      View Details
    • $3,500 /Mo
      2,808 SF

      Move-In Ready Spring Hill Office

      Flexible office space with high visibility in Spring Hill, FL.
      11031 Spring Hill Dr, Spring Hill, FL 34608
      View Details
    • $37,162

      High-Visibility Office Building For Rent

      2,186 SF office building on high-traffic County Line Road.
      18824 County Line Rd, Spring Hill, FL 34610
      View Details
    • $42,000

      Move-In Ready Office Space

      Flexible office space with high visibility and ample amenities.
      11031 Spring Hill Dr, Spring Hill, FL 34608
      View Details
    • $26,520
      13,105 SF

      Retail End Cap Unit

      Retail space with drive-through potential in Spring Hill, FL.
      2292 Commercial Way, Spring Hill, FL 34606
      View Details
    • $12,000 /Mo

      Commercial Space on Commercial Way

      Office space for lease in high-traffic Spring Hill location.
      4504 Commercial Way, Spring Hill, FL 34606
      View Details
    • $9,690 /Mo

      Commercial Way Office Space

      Office space for lease on high-traffic Commercial Way.
      4546 Commercial Way, Spring Hill, FL 34606
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Commercial space for lease with offices, reception, and parking.
    Where is this medical office space located?
    The property is located at 4520-4522 Commercial Way Spring Hill, FL.
    What is the lease rate?
    The lease rate is $49,980.
    What are key features of this property?
    This property features: - High-traffic location with 41,000 vehicles passing by daily on Commercial Way (US 19).; - Ample on-site parking for staff and clients.; - Versatile layout including a large open reception/showroom, 5 offices, nurses station, and 5 medical offices.
    (352) 293-6089
    Request Owner's contact information
    4520-4522 Commercial Way Spring Hill, FL 34606
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4520-4522 Commercial Way
    Spring Hill, FL 34606
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4520-4522 Commercial Way Spring Hill, FL 34606
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sean Bradley
    Sean Bradley
    Real Estate License ID: 3346797
    (352) 293-6089 (352) 688-6500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!