Six-Unit Office
6475 Oregon Jay Road, Spring Hill, FL 34613
For Sale
Contact for pricing
A mix of medical and general office occupants operates in a single-story, block-constructed property.
Property Size11,370 SF
Price / SF$219.88
Days on Market1988
Property Features for 6475 Oregon Jay Road
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Highway Access
Office Units
Tenant in Place
Property Use
Building Details
Year Built
Buildings
Stories
Building Size
Construction
Tenancy
Listing Agency:
Berkshire Hathaway HomeServices Florida Properties Group
Listed By:
Dave Rabon · License #FL SL3284997
(813) 951-3190
Source:
Crexi
Added: Jun 1, 2021
Changed: Nov 8
Last Checked: Nov 8 at 4:36PM
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 Berkshire Hathaway HomeServices Florida Properties Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 11,370-square-foot office property has six units and one story, with occupancy by medical and general office tenants. Block construction and a truss roof date to 2007. The roof, mechanical, electrical, and plumbing systems are original to the building and described as being in good condition.
The property is in Spring Hill, less than 5 miles west of the Suncoast Parkway and under 2 miles west of Oak Hill Hospital. Cortez Boulevard’s retail and restaurant area is about 3 miles to the east.
The property is in Spring Hill, less than 5 miles west of the Suncoast Parkway and under 2 miles west of Oak Hill Hospital. Cortez Boulevard’s retail and restaurant area is about 3 miles to the east.
Key Highlights
- 11,370 SF across six office units
- 85% leased to medical and general office tenants
- Single‑story, block construction with a truss roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,757
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,335,140
$3.3M
Cap Rate 7%
$2,382,243
$2.4M
Cap Rate 9%
$1,852,856
$1.9M
Market Conditions
NOI Build-Up for 11,370 SF
Gross rent
$286.5K $25.20/SF
− Vacancy
−$64.2K −$5.64/SF
EGI
$222.3K $19.56/SF
− OpEx
−$55.6K −$4.89/SF
NOI
$166.8K $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%
$3,335,140
Cap Rate 7%
$2,382,243
Cap Rate 9%
$1,852,856
Alternative Uses
Best Use
Office B
$2.38M
$2.08M – $2.78M
NOI $166,757 @ 7.0% cap · market cap 6.67%
Second Best
Healthcare Medical
$2.09M
$1.83M – $2.44M
NOI $146,537 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$3.64M
$3.18M – $4.24M
NOI $254,466 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Office units
85%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 34613, FL
18,869
Population
10,532
Households
1.8
Avg Household Size
61
Median Age
21%
College-Educated
92%
High-School Grad
37.2 sq mi
ZIP Area
507
Density / Sq Mi
$56,175
Median Household Income
$36,815
Median Earnings
$1,108
Median Rent
$181,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A mix of medical and general office occupants operates in a single-story, block-constructed property.
Where is this office building located?
The property is located at 6475 Oregon Jay Road Spring Hill, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 11,370 SF across six office units; 85% leased to medical and general office tenants; Single‑story, block construction with a truss roof
