Professional Office Building Investment
For Sale
$1,595,000
5330 Spring Hill Drive A, Spring Hill, FL 34606
Fully leased two-story office building on Spring Hill Drive.
Property Size9,828 SF
Price / SF$162.29
Days on Market181
Property Features for 5330 Spring Hill Drive A
General Information
Standard status
Active
Size
9,828 SF
Building Details
Year Built
1997
Listing Agency:
HOMAN REALTY GROUP INC
Listed By:
Beth Powanda · License #697904
(352) 238-6817
Source:
Livewelltampabay
Added: Apr 24
Changed: Oct 8
Last Checked: Oct 7 at 5:15PM
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 HOMAN REALTY GROUP INC
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Investment Insights
Based on property information with market context.
This two-story professional office building is located along the Spring Hill Drive corridor, one block from US 19. Constructed of block, the building is fully leased with long-term tenancy in place, offering immediate income. The property features two floors serviced by an elevator. A newer roof adds value and reduces near-term capital expenses. Dedicated on-site parking provides ease of access. Each tenant pays their own utilities and water on separate meters. Positioned on one of Hernando County’s primary commercial corridors with approximately 25,000 vehicles per day, the property benefits from visibility and traffic flow. Surrounded by established businesses and dense residential communities, this location supports tenant retention and demand. The property is located in a car-dependent area that is somewhat bikeable.
Key Highlights
- Prime location on Spring Hill Drive with high traffic volume (25,000 vehicles per day) and excellent visibility.
- Fully leased property provides immediate income and a reliable revenue stream with long‑term tenants.
- Well‑maintained, two‑story block construction building with elevator access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,141
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,882,820
$2.9M
Cap Rate 7%
$2,059,157
$2.1M
Cap Rate 9%
$1,601,567
$1.6M
Market Conditions
NOI Build-Up for 9,828 SF
Gross rent
$247.7K $25.20/SF
− Vacancy
−$55.5K −$5.64/SF
EGI
$192.2K $19.56/SF
− OpEx
−$48.0K −$4.89/SF
NOI
$144.1K $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%
$2,882,820
Cap Rate 7%
$2,059,157
Cap Rate 9%
$1,601,567
Alternative Uses
Best Use
Office B
$2.06M
$1.80M – $2.40M
NOI $144,141 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.14M
$2.75M – $3.67M
NOI $219,955 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
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 - Fully leased two-story office building on Spring Hill Drive.
Where is this office building located?
The property is located at 5330 Spring Hill Drive A Spring Hill, FL.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Prime location on Spring Hill Drive with high traffic volume (25,000 vehicles per day) and excellent visibility.; Fully leased property provides immediate income and a reliable revenue stream with long‑term tenants.; Well‑maintained, two‑story block construction building with elevator access.
