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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Medical Office Space
11026 Spg Hl Dr Spring Hill, FL 34608-5048
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-8424878
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Total area
4,600 SF
Lot
0.7 ac (30,492 SF)
APN
R32-323-17-5080-0467-0030
UPID
US18-8424878
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$655k
Comparable Approach
Comparable
$595k
Blend (final)
Blend
$645k
Owner & transaction history
My Tmd LLC · 12 yrs held
My Tmd LLC
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$870,000
+40.2%
Retail stores
$700,000
+12.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Spring Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Hill submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$655,000
7%
$605,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$620,000
Current use
AUTO REPAIR, GARAGE
$870,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$700,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$595,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$140 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$18,031
Tax year 2022
Assessed value
$1,187,248
Assessed 2023
Previous assessed
$1,139,474
+4.2% YoY
Effective rate
1.52%
On assessed value
Assessed land
$257,149
Assessed improvement
$930,099
Land market value
$208,200
Improvement market value
$979,048
Total market value
$1,187,248
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1983
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Rooms
1
Bathrooms
7
Total area
4,600 SF
Lot
0.7 ac (30,492 SF)
APN
R32-323-17-5080-0467-0030
UPID
US18-8424878
Jurisdiction
HERNANDO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$620,000
AUTO REPAIR, GARAGE
Est. value
$870,000
RETAIL STORES
Est. value
$700,000
OFFICE BUILDING
Est. value
$595,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Rooms
1
Bathrooms
7
Lot
0.7 ac
Current owner
From public records · entity-resolved
My Tmd LLC
Entity
Mailing address
11026 SPG HL DR, SPRING HILL, FL 34608-5048
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2016
—
My Tmd LLC
—
Trustees Deed
related
$596,256 · Bank Of America
Jul 1, 2014
$259,000
My Tmd LLC
My Tmd Corp
Warranty Deed
$270,000 · Bank Of America
Mar 18, 2013
—
My Tmd Corp
Tina & Mary Corp
Warranty Deed
—
May 16, 2011
$351,500
Tina & Mary Corp
Regions Bk
Grant Deed
$361,200 · Florida Bank
Dec 2, 2009
$276,000
Regions Bk Special Assets Dept
Blue Stone R/e Const & Coc
Trustees Deed
related
—
Dec 13, 2006
—
Pdq Acquisitions LLC
Blue Stone R/e Const & Dev
Warranty Deed
—
—
—
Blue Stone Real Estate Const
—
Deed Of Trust
related
$100,398 · Carol L Floyd
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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