Building Details

Year Built 1986

Listing Agency: COLDWELL BANKER WEAVER GROUP REALTY Show Phone

Listed By: Thomas Dishman · License #3564834 Show Phone

Source: Dennisrealty

Added: Oct 24 Changed: Oct 26 Last Checked: Oct 26 at 3:13PM

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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 COLDWELL BANKER WEAVER GROUP REALTY

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Investment Insights

Based on property information with market context.

This upstairs office unit is part of a multi-unit commercial building constructed in 1986. Hallways and a shared bathroom serve the building, with weekly cleaning and maintenance of these common areas.

Multiple upstairs spaces can be combined, with interior doors connecting them.

Key Highlights

• Upstairs office space in a multi‑unit commercial building
• Interior doors allow multiple upstairs spaces to connect
• Weekly cleaning and maintenance for shared hallways and bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,759

Suggested Prices Based on Cap Rates

Cap Rate 5%

$815,180 $815.2K

Cap Rate 7%

$582,271 $582.3K

Cap Rate 9%

$452,878 $452.9K

What to ask about pricing

Market Conditions

NOI Build-Up for 6,040 SF

Gross rent

$66.7K $11.04/SF

− Vacancy

−$12.3K −$2.04/SF

EGI

$54.3K $9.00/SF

− OpEx

−$13.6K −$2.25/SF

NOI

$40.8K $6.75/SF

Area

Hernando County, FL

Vacancy

18.50%

Lease Rate

$11.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$815,180

Cap Rate 7%

$582,271

Cap Rate 9%

$452,878

Alternative Uses

Best Use

Office B

$582.3K

$509.5K – $679.3K (±1% cap)

NOI $40,759 @ 7.0% cap · market cap 503.20%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.38M

$1.20M – $1.61M (±1% cap)

NOI $96,311 @ 7.0% cap · market cap 1,189.02%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Bakery Furniture & Home Goods Garden Center (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

166

Businesses Nearby

Explore this area Business Placement

Demographics for 34607, FL

8,544

Population

5,025

Households

1.7

Avg Household Size

58

Median Age

24%

College-Educated

94%

High-School Grad

63.7 sq mi

ZIP Area

134

Density / Sq Mi

$61,221

Median Household Income

$31,126

Median Earnings

$1,226

Median Rent

$343,100

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Frequently Asked Questions

What type of property is this?

Office unit - Shared hallways and a bathroom receive weekly cleaning and maintenance.

Where is this office unit located?

The property is located at 4001 SHOAL LINE BOULEVARD #1 Hernando Beach, FL.

What are key features of this property?

This property features: Upstairs office space in a multi‑unit commercial building; Interior doors allow multiple upstairs spaces to connect; Weekly cleaning and maintenance for shared hallways and bathroom