Professional Office Building For
For Sale
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5286 Applegate Drive, Spring Hill, FL 34606
3,500± SF office building in Applegate Professional Center.
Property Size3,500 SF
Price / SF$199.71
Days on Market156
Property Features for 5286 Applegate Drive
General Information
Standard status
Active
Size
3,500 SF
Class
B
Total Parking Spaces
9
Property subtype
Retail, Office
Zoning
GHC
Occupancy
100%
Building Details
Year Built
2007
Buildings
8
Tenancy
Single
Listing Agency:
Commercial Asset Partners
Listed By:
Heidi Tuttle-Beisner · License #FL BK608537
(727) 376-4900
Source:
Crexi
Added: May 20
Changed: Oct 19
Last Checked: Oct 20 at 7:29PM
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
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,332
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,640
$1.0M
Cap Rate 7%
$733,314
$733.3K
Cap Rate 9%
$570,356
$570.4K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$88.2K $25.20/SF
− Vacancy
−$19.8K −$5.64/SF
EGI
$68.4K $19.56/SF
− OpEx
−$17.1K −$4.89/SF
NOI
$51.3K $14.67/SF
Area
Spring Hill, FL
Vacancy
22.40%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,640
Cap Rate 7%
$733,314
Cap Rate 9%
$570,356
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Explore this area
Business Placement
Demographics for 34606, FL
28,548
Population
14,009
Households
2
Avg Household Size
53
Median Age
20%
College-Educated
89%
High-School Grad
11.6 sq mi
ZIP Area
2,461
Density / Sq Mi
$54,730
Median Household Income
$33,778
Median Earnings
$1,192
Median Rent
$227,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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.
