Renovated Commercial Building on
3248 COMMERCIAL WAY, Spring Hill, FL 34606
Completely renovated commercial building with highway visibility and ample parking.
Type:Commercial/Industrial
Property size:
3,122 SFLot size:
0.75 AcresPrice / SF:
$246/SF- Added:
- Mar 11, 2026
- Days on Market:
- 69
- Last Refresh:
- Apr 6 at 2:50 am
Property Features for 3248 COMMERCIAL WAY
General Information
- Standard status
- Active
- Size
- 3,122 SF
- Lot size
- 0.75 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1979
Listing agent Gerry Lynn Kierstead License #3384325
Listing office BERKSHIRE HATHAWAY FL REALTY (954) 449-2700
Listing date Mar 11, 2026
Source Exitrealty
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 BERKSHIRE HATHAWAY FL REALTY
HighLights
- Prime location on US Highway 19 with high traffic volume and excellent highway visibility.
- Completely renovated with new metal panel roof, impact glass windows/doors, HVAC units, septic system, hot water tank, flooring, and paint.
- C1 zoning allows for a wide range of permitted uses.
- Building configuration includes 10 offices, a large lobby, 3 bathrooms, and potential for a kitchenette; easily accommodates multiple tenants.
- Dedicated turn lane for southbound traffic provides easy access to the property.
- Abundant parking available.
Overview
This commercial property is located on US Highway 19 in Spring Hill, Florida, benefiting from high traffic volume of 46,000 vehicles per day. The building has been completely renovated, featuring a new metal panel roof, impact glass windows and doors, two new HVAC units with cages, a new septic system, a new hot water tank, new interior paint, and new LVP flooring. The current configuration includes 10 large offices, a large open lobby area, and three bathrooms. Water pipes are installed in the wall for a kitchenette. An existing structure is available for signage, providing excellent highway visibility. Situated on the corner of US Highway 19 and Sealawn Drive, the property includes a dedicated turn lane for South Bound traffic, facilitating easy access. The property could accommodate multiple tenants. Zoned C1, the property permits various uses, including business or professional offices, convenience stores with fueling stations, restaurants, retail, veterinary services, automobile service, and call centers. The property provides abundant parking. The building size is 3122 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$508.8K
NOI $45,789 @ 9.00% cap · cautious / downside scenario
Moderate
$654.1K
NOI $45,789 @ 7.00% cap · market / base-case scenario
Aggressive
$915.8K
NOI $45,789 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.7k | $25.20 |
| − Vacancy | −$17.6k | −$5.64 |
| EGI | $61.1k | $19.56 |
| − OpEx | −$15.3k | −$4.89 |
| NOI | $45.8k | $14.67 |
3,122 SF · lease $25.20/SF/yr · vacancy 22.40% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$654.1K
$572.4K – $763.2K
NOI $45,789 @ 7.0% cap · market cap 5.95%
Second Best
Specialty Retail
$636.0K
$556.5K – $742.0K
NOI $44,518 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$998.2K
$873.4K – $1.16M
NOI $69,872 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Spring Hill
- County
- Pasco
- State
- Florida
- Longitude
- -82.6101
- Latitude
- 28.4787
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Completely renovated commercial building with highway visibility and ample parking.
Where is this office building located?
The property is located at 3248 COMMERCIAL WAY Spring Hill, FL.
What is the asking price?
The asking price for this property is $769,900.
What are key features of this property?
This property features: Prime location on US Highway 19 with high traffic volume and excellent highway visibility.; Completely renovated with new metal panel roof, impact glass windows/doors, HVAC units, septic system, hot water tank, flooring, and paint.; C1 zoning allows for a wide range of permitted uses.
