Versatile Office Suites in Spring
For Sale
$995,555
5300 SPRING HILL DRIVE, Spring Hill, FL 34606
Two independent office suites with ample parking and high visibility.
Property Size4,558 SF
Price / SF$375.68
Days on Market205
Property Features for 5300 SPRING HILL DRIVE
General Information
Standard status
Active
Size
4,558 SF
Property subtype
Commercial
Zoning
PDP (GHC)
Taxes and HOA fees
Annual Taxes
$5,821
Building Details
Building Size
4,558 SF
Year Built
1967
Listing Agency:
SUCCESS PROPERTY MANAGEMENT IN
(352) 584-2102
Listed By:
Patricia Richard · License #3248381
(352) 584-2102
Source:
Mbifloridarealty
Added: Jan 31
Changed: Aug 23
Last Checked: Aug 23 at 8:23AM
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 SUCCESS PROPERTY MANAGEMENT IN
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,866
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$777,320
$777.3K
Cap Rate 7%
$555,229
$555.2K
Cap Rate 9%
$431,844
$431.8K
Market Conditions
NOI Build-Up for 2,650 SF
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.
Gross rent
$66.8K $25.20/SF
− Vacancy
−$15.0K −$5.64/SF
EGI
$51.8K $19.56/SF
− OpEx
−$13.0K −$4.89/SF
NOI
$38.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$777,320
Cap Rate 7%
$555,229
Cap Rate 9%
$431,844
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
Current Use
Location Intelligence
Trade Area within ½ mile
731
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 DRIVE 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).
