Professional Office Building with
For Sale
$475,000
1492 MARINER Blvd, Spring Hill, FL 34609
Well-equipped office layout with reception, private offices, conference room, kitchen, and updates, positioned for strong roadway visibility.
Property Size1,654 SF
Lot Size0.28 Acres
Price / SF$287.18
Days on Market39
Property Features for 1492 MARINER Blvd
General Information
Standard status
Active
Size
1,654 SF
Lot size
0.28 Acres
Property subtype
Commercial
Zoning
OP
Site & Location
Traffic Count
25,000 vehicles/day
Road Access
Yes
Building Details
Year Built
1981
Listing Agency:
Home-Land Real Estate, Inc.
(352) 556-0909
Listed By:
Joshua Burbank · License #677255
(352) 556-0909
Source:
Elliman
Added: Jun 23
Changed: Jul 10
Last Checked: Jul 31 at 11:54AM
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 Home-Land Real Estate, Inc.
Investment Insights
Based on property information with market context.
This well-maintained professional office building includes a welcoming reception area, three private offices, and a spacious conference room that can also function as an executive office. The interior is complemented by a fully equipped kitchen and two updated restrooms. Recent improvements include a new architectural roof, new HVAC, newly painted interior and exterior, expanded parking with a brick paver entrance, luxury vinyl plank flooring, French doors, recessed LED lighting, ceiling fans, and built-in shelving.
The property is located on Mariner Boulevard with exposure to approximately 25,000 vehicles per day, offering visibility and signage opportunities. It sits on a 0.28± acre parcel with excellent road frontage and accessibility, supporting convenient arrival for employees and visitors.
The configuration is suited for a range of professional and office uses. With OP (Office Professional) zoning, the space can support operations such as medical, legal, insurance, real estate, accounting, and general office uses, making it a practical option for an owner-user seeking a permanent location or a buyer looking for a turn-key commercial office asset.
The property is located on Mariner Boulevard with exposure to approximately 25,000 vehicles per day, offering visibility and signage opportunities. It sits on a 0.28± acre parcel with excellent road frontage and accessibility, supporting convenient arrival for employees and visitors.
The configuration is suited for a range of professional and office uses. With OP (Office Professional) zoning, the space can support operations such as medical, legal, insurance, real estate, accounting, and general office uses, making it a practical option for an owner-user seeking a permanent location or a buyer looking for a turn-key commercial office asset.
Key Highlights
- Professional office building built in 1981 with 1,654 SF on a 0.28± acre parcel
- Zoned OP (office professional) with reception, three private offices, and a spacious conference/executive office
- Includes a fully equipped kitchen and two updated restrooms
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 | $41.7k | $25.20 |
| − Vacancy | −$9.3k | −$5.64 |
| EGI | $32.3k | $19.56 |
| − OpEx | −$8.1k | −$4.89 |
| NOI | $24.3k | $14.67 |
1,654 SF · lease $25.20/SF/yr · vacancy 22.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$346.5K
$303.2K – $404.3K
NOI $24,258 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$528.8K
$462.7K – $617.0K
NOI $37,017 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 34609, FL
43,997
Population
18,426
Households
2.4
Avg Household Size
46
Median Age
22%
College-Educated
91%
High-School Grad
22.2 sq mi
ZIP Area
1,982
Density / Sq Mi
$79,284
Median Household Income
$40,789
Median Earnings
$1,593
Median Rent
$275,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-equipped office layout with reception, private offices, conference room, kitchen, and updates, positioned for strong roadway visibility.
Where is this office building located?
The property is located at 1492 MARINER Blvd Spring Hill, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Professional office building built in 1981 with 1,654 SF on a 0.28± acre parcel; Zoned OP (office professional) with reception, three private offices, and a spacious conference/executive office; Includes a fully equipped kitchen and two updated restrooms
