New Construction
For Sale
$519,990
3465 Jason Road, Spring Hill, FL 34608
Two-unit residential income property with contemporary finishes, private garages, and convenient access to the Suncoast Parkway.
Property Size2,608 SF
Price / SF$199.38
Days on Market123
Property Features for 3465 Jason Road
General Information
Standard status
Active
Size
2,608 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$548
Listing Agency:
HAVEN PROPERTY GROUP LLC
(352) 396-0112
Listed By:
Cheyenne Copeland · License #3485048
(352) 396-0112
Source:
Exprealty
Added: May 1
Changed: Aug 30
Last Checked: Aug 30 at 8:37PM
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 HAVEN PROPERTY GROUP LLC
Investment Insights
Based on property information with market context.
This duplex is under construction with two separate units, each providing 3 bedrooms, 2 bathrooms, 1,304 square feet of living area, and a 1-car garage. The combined property includes 2,608 square feet. Interior specifications include quartz countertops, luxury vinyl flooring in the primary living spaces, and upgraded tile in each primary bathroom. Extended driveways provide additional parking for both residences.
The property is near the Suncoast Parkway, with access toward Tampa, and is also close to shopping and schools. Hernando Beach is approximately 20 minutes away. Projected completion is June 30, 2026.
The property is near the Suncoast Parkway, with access toward Tampa, and is also close to shopping and schools. Hernando Beach is approximately 20 minutes away. Projected completion is June 30, 2026.
Key Highlights
- Two‑unit duplex totaling 2,608 square feet
- Each unit includes 3 bedrooms, 2 bathrooms, and 1,304 square feet
- 1‑car garage per unit plus extended driveways for additional parking
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
$29,701
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
5.71%
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%
$594,020
$594.0K
Cap Rate 7%
$424,300
$424.3K
Cap Rate 9%
$330,011
$330.0K
Market Conditions
NOI Build-Up for 2,608 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
$45.4K $17.40/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$42.4K $16.27/SF
− OpEx
−$12.7K −$4.88/SF
NOI
$29.7K $11.39/SF
Area
Spring Hill, FL
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$594,020
Cap Rate 7%
$424,300
Cap Rate 9%
$330,011
Alternative Uses
Best Use
Multifamily LT 5
$424.3K
$371.3K – $495.0K
NOI $29,701 @ 7.0% cap · market cap 5.71%
Second Best
Apartment 5plus
$393.8K
$344.6K – $459.4K
NOI $27,565 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$833.8K
$729.6K – $972.8K
NOI $58,368 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Explore this area
Business Placement
Demographics for 34608, FL
34,363
Population
15,253
Households
2.3
Avg Household Size
46
Median Age
20%
College-Educated
90%
High-School Grad
15.2 sq mi
ZIP Area
2,261
Density / Sq Mi
$62,197
Median Household Income
$36,740
Median Earnings
$1,207
Median Rent
$237,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential income property with contemporary finishes, private garages, and convenient access to the Suncoast Parkway.
Where is this duplex located?
The property is located at 3465 Jason Road Spring Hill, FL.
What is the asking price?
The asking price for this property is $519,990.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,608 square feet; Each unit includes 3 bedrooms, 2 bathrooms, and 1,304 square feet; 1‑car garage per unit plus extended driveways for additional parking
