Office Building with New Roof and
For Sale
$475,000
1492 MARINER Boulevard, Spring Hill, FL 34609
SINGLE_FAMILY - SPRING HILL, FL
Property Size1,438 SF
Lot Size0.28 Acres
Price / SF$330.32
Days on Market43
Property Features for 1492 MARINER Boulevard
General Information
Property type
Residential
Property subtype
Office
Zoning
OP
Subdivision
SPRING HILL
Lot features
Corner Lot, Landscaped, Sidewalk, Street Lights, Paved
Directions
County Line Rd, Turn onto Mariner Blvd, turn right onto Lindsey Rd for parking lot.
Standard status
Active
APN
R32-323-17-5080-0479-0010
Size
1,438 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SPRING HILL UNIT 8 BLK 479 LOT 1
Tax Annual Amount
2781
Legal Description
SPRING HILL UNIT 8 BLK 479 LOT 1
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Flooring type
Vinyl, Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
HOME LAND REAL ESTATE INC
(352) 556-0909
Listed By:
Joshua Burbank · License #677255
(352) 556-0909
Added: Jun 19
Changed: Jul 31
Last Checked: Jul 31 at 10:06PM
MLS# W7886183
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.
Professional office building zoned OP with a functional interior layout for professional and office-based uses. The space features a welcoming reception area, three private offices, a spacious conference room that can also serve as an executive office, a fully equipped kitchen, and two updated restrooms. Improvements include a new architectural roof, new HVAC, newly painted interior and exterior, expanded parking, luxury vinyl plank flooring, French doors, recessed LED lighting, ceiling fans, and built-in shelving.
Located at 1492 Mariner Boulevard in Spring Hill on a 0.28+/- acre parcel, the property provides road frontage with exposure to approximately 25,000 vehicles per day, supporting strong visibility for qualified tenants and owner-users. Construction is block and stucco, with electric heating (central) and central air. Utilities include electricity available, public water, and a septic tank.
Built in 1981, the property offers a practical configuration for a range of professional uses including medical, legal, insurance, real estate, accounting, and general office operations.
Located at 1492 Mariner Boulevard in Spring Hill on a 0.28+/- acre parcel, the property provides road frontage with exposure to approximately 25,000 vehicles per day, supporting strong visibility for qualified tenants and owner-users. Construction is block and stucco, with electric heating (central) and central air. Utilities include electricity available, public water, and a septic tank.
Built in 1981, the property offers a practical configuration for a range of professional uses including medical, legal, insurance, real estate, accounting, and general office operations.
Key Highlights
- Zoned OP for office professional use
- Exposure to approximately 25,000 vehicles per day on Mariner Boulevard
- 0.28+/- acre parcel with road frontage and accessibility
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 | $36.2k | $25.20 |
| − Vacancy | −$8.1k | −$5.64 |
| EGI | $28.1k | $19.56 |
| − OpEx | −$7.0k | −$4.89 |
| NOI | $21.1k | $14.67 |
1,438 SF · lease $25.20/SF/yr · vacancy 22.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$301.3K
$263.6K – $351.5K
NOI $21,090 @ 7.0% cap · market cap 4.44%
Second Best
Healthcare Medical
$264.8K
$231.7K – $308.9K
NOI $18,533 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$459.8K
$402.3K – $536.4K
NOI $32,183 @ 7.0% cap · market cap 6.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Professional office building zoned OP with reception, three private offices, conference room, kitchen, and updated HVAC.
Where is this office building located?
The property is located at 1492 MARINER Boulevard 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: Zoned OP for office professional use; Exposure to approximately 25,000 vehicles per day on Mariner Boulevard; 0.28+/- acre parcel with road frontage and accessibility
