Professional Office Building For
5286 Applegate Drive, Spring Hill, FL 34606
Call to check price and availability
3,500± SF office building in Applegate Professional Center.
Type:Office
Property size:
3,500 SFPrice / SF:
$199/SF- Added:
- May 20, 2026
- Days on Market:
- 11
- Last Refresh:
- May 21 at 7:27 am
Property Features for 5286 Applegate Drive
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing agent Heidi Tuttle-Beisner License #FL BK608537
Listing office Commercial Asset Partners (727) 376-4900
Listing date May 20, 2026
Source Crexi
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 Commercial Asset Partners
HighLights
- Prime location in Applegate Professional Center, east of US‑19 and SR‑50, offering excellent accessibility and visibility.
- 3,500± SF professional office building with efficient office flow and circulation design.
- Existing tenant in place through 2/28/2027, providing interim income.
- Excellent owner‑occupant opportunity with anticipated future availability upon tenant relocation.
- Multiple window‑lined perimeter offices create a bright and productive work environment.
- Designed with the ability to efficiently separate into two independent units.
Overview
This is a 3,500± SF professional office building located in the Applegate Professional Center, east of US-19 and SR-50, offering accessibility and visibility. The building features an efficient office flow and circulation design, high ceilings, and professional finishes. A tenant is currently in place through 2/28/2027, providing interim income. The property presents an owner-occupant opportunity with anticipated future availability upon tenant relocation. Multiple window-lined perimeter offices create a bright and productive work environment. The design allows for efficient separation into two independent units.
Local 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 | $88.2k | $25.20 |
| − Vacancy | −$19.8k | −$5.64 |
| EGI | $68.4k | $19.56 |
| − OpEx | −$17.1k | −$4.89 |
| NOI | $51.3k | $14.67 |
3,500 SF · lease $25.20/SF/yr · vacancy 22.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$733.3K
$641.7K – $855.5K
NOI $51,332 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$979.2K – $1.31M
NOI $78,332 @ 7.0% cap · market cap 11.21%
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
- -82.6288252
- Latitude
- 28.4537343
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 3,500± SF office building in Applegate Professional Center.
Where is this office building located?
The property is located at 5286 Applegate Drive Spring Hill, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Prime location in Applegate Professional Center, east of US‑19 and SR‑50, offering excellent accessibility and visibility.; 3,500± SF professional office building with efficient office flow and circulation design.; Existing tenant in place through 2/28/2027, providing interim income.
