Spacious Office Building Near
For Sale
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14270 Spring Hill Drive, Spring Hill, FL 34609
Office building with high visibility, ideal for professional services.
Property Size1,460 SF
Price / SF$410.27
Days on Market416
Property Features for 14270 Spring Hill Drive
General Information
Standard status
Active
Size
1,460 SF
Property subtype
Office
Listing Agency:
Century 21 Alliance Realty
(352) 428-3509
Listed By:
Patricia Bolin · License #FL
Source:
Crexi
Added: Jul 4, 2025
Changed: Aug 8
Last Checked: Aug 22 at 3:28PM
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 Century 21 Alliance Realty
Investment Insights
Based on property information with market context.
This spacious 1,460-square-foot office building offers outstanding exposure on a main road near the Suncoast Parkway, providing a prime location with high traffic and excellent visibility. It is ideal for attorney, medical, wellness, or any professional service, offering the flexibility and location to grow a business. The property features a welcoming entrance and reception area, recently updated with elegant Italian tile, bamboo flooring, and fresh paint throughout. The functional layout includes a spacious treatment suite with cork flooring, along with 4 other private therapy rooms, a private office with en-suite and separate entrance, a beverage station, copy and file room, 2 storage areas, and laundry space. There are a total of two bathrooms that are both ADA accessible. A private paved parking lot offers space for 8 vehicles and 1 other, ensuring easy and convenient access for clients and staff. The property is strategically located near the Suncoast Parkway and Spring Hill Drive. Hernando County is experiencing rapid growth with several new residential communities and apartment complexes nearing completion, creating a steady stream of potential clients.
Key Highlights
- Prime location on a main road near Suncoast Parkway with high traffic and excellent visibility.
- Recently updated interior with elegant Italian tile and bamboo flooring.
- Functional layout includes a spacious treatment suite, 4 private therapy rooms, and a private office with en‑suite and separate entrance.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,413
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$428,260
$428.3K
Cap Rate 7%
$305,900
$305.9K
Cap Rate 9%
$237,922
$237.9K
Market Conditions
NOI Build-Up for 1,460 SF
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.
Gross rent
$36.8K $25.20/SF
− Vacancy
−$8.2K −$5.64/SF
EGI
$28.6K $19.56/SF
− OpEx
−$7.1K −$4.89/SF
NOI
$21.4K $14.67/SF
Area
Spring Hill, FL
Vacancy
22.40%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$428,260
Cap Rate 7%
$305,900
Cap Rate 9%
$237,922
Alternative Uses
Best Use
Office B
$305.9K
$267.7K – $356.9K
NOI $21,413 @ 7.0% cap · market cap 3.57%
Second Best
Healthcare Medical
$268.8K
$235.2K – $313.6K
NOI $18,816 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$466.8K
$408.5K – $544.6K
NOI $32,676 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Under-served
Demand for This Use
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?
Medical Office Space - Office building with high visibility, ideal for professional services.
Where is this medical office space located?
The property is located at 14270 Spring Hill Drive Spring Hill, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime location on a main road near Suncoast Parkway with high traffic and excellent visibility.; Recently updated interior with elegant Italian tile and bamboo flooring.; Functional layout includes a spacious treatment suite, 4 private therapy rooms, and a private office with en‑suite and separate entrance.
