Professional Office Building For
5286 Applegate Drive Spring Hill, FL 34606
For Sale
Contact for pricing
3,500± SF office building in Applegate Professional Center.
Property Size3,500 SF
Price / SF$199.71
Days on Market67
Property Features for 5286 Applegate Drive
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing Agency:
Commercial Asset Partners
(727) 376-4900
Listed By:
Heidi Tuttle-Beisner · License #FL BK608537
Source:
Crexi
Added: May 20
Changed: Jul 10
Last Checked: Jul 24 at 10:28AM
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
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 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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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.
