Versatile Office Suites in Spring
5300 SPRING HILL Dr Spring Hill, FL 34606
For Sale
$995,555
Two independent office suites with ample parking and high visibility.
Property Size2,650 SF
Price / SF$375.68
Days on Market96
Property Features for 5300 SPRING HILL Dr
General Information
Standard status
Active
Size
2,650 SF
Property subtype
Commercial
Building Details
Year Built
1967
Listing Agency:
(352) 584-2102
Listed By:
Patricia Richard · License #3248381
(352) 584-2102
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 1:24PM
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 Patricia Richard
Investment Insights
Based on property information with market context.
Located at the gateway to Spring Hill, just off US-19 behind the Landmark Waterfall on Spring Hill Drive, this versatile building features two independent office suites. Unit 5300 offers over 1,530 square feet, while Unit 5308 provides over 2,650 square feet. Each suite includes a reception area, private offices, a conference room, storage space, and two bathrooms. Recent electrical updates were completed in 2024. Ample parking is available in front of each office entrance. The property is ideal for professional offices, medical practices, or service-based businesses. The location offers outstanding visibility, easy access, and strong area traffic. Approximately 23,000 vehicles drive through the 34606 area of Spring Hill Drive daily. The 34606 area has approximately 2,100 people during business hours and approximately 30.9 people residing there.
Key Highlights
- Exceptional commercial location at the gateway to Spring Hill, off US‑19.
- Two independent office suites, each featuring reception areas, private offices, conference room, storage, and two bathrooms.
- High visibility and easy access with strong area traffic (approx. 23,000 daily on Spring Hill Dr).
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 | $66.8k | $25.20 |
| − Vacancy | −$15.0k | −$5.64 |
| EGI | $51.8k | $19.56 |
| − OpEx | −$13.0k | −$4.89 |
| NOI | $38.9k | $14.67 |
2,650 SF · lease $25.20/SF/yr · vacancy 22.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$555.2K
$485.8K – $647.8K
NOI $38,866 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$847.3K
$741.4K – $988.5K
NOI $59,308 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Two independent office suites with ample parking and high visibility.
Where is this office units located?
The property is located at 5300 SPRING HILL Dr Spring Hill, FL.
What is the asking price?
The asking price for this property is $995,555.
What are key features of this property?
This property features: Exceptional commercial location at the gateway to Spring Hill, off US‑19.; Two independent office suites, each featuring reception areas, private offices, conference room, storage, and two bathrooms.; High visibility and easy access with strong area traffic (approx. 23,000 daily on Spring Hill Dr).
