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Property profile & analytics
OFF-MARKET
Estimated value
$2,005,000
Medical Office Space
11115 County Line Rd Spring Hill, FL 34609-5615
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4405811
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
16,800 SF
Lot
1.9 ac (82,764 SF)
APN
R31-223-18-3534-0000-0070
UPID
US18-4405811
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
$1.73M
CAP Approach
CAP
$2.39M
Comparable Approach
Comparable
$1.94M
Blend (final)
Blend
$2.01M
Owner & transaction history
Laviano Properties INC · 5 yrs held
Laviano Properties INC
since 2021
Last sale
$2.2M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+40.2%
Retail stores
$2.6M
+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
$1,565,000
ML approach
$1,730,000
CAP Approach
CAP Return
Estimation
6%
$2,585,000
6.5%
$2,385,000
7%
$2,215,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,270,000
Current use
AUTO REPAIR, GARAGE
$3,185,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$2,560,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$2,175,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$2.01M
Range $1.80M – $2.21M · ±10% · vs last sale $2.20M (May 28 2021)
Last sale anchor
$2.20M
May 28 2021
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
$119 / 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
$31,497
Tax year 2022
Assessed value
$2,073,921
Assessed 2023
Previous assessed
$1,819,694
+14.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$204,195
Assessed improvement
$1,869,726
Land market value
$257,409
Improvement market value
$1,816,512
Total market value
$2,073,921
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
2003
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
7
Total area
16,800 SF
Lot
1.9 ac (82,764 SF)
APN
R31-223-18-3534-0000-0070
UPID
US18-4405811
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
$2.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RETAIL STORES
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.2M
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
2003
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
7
Lot
1.9 ac
Current owner
From public records · entity-resolved
Laviano Properties INC
Entity
Mailing address
13047 FELLOWSHIP LN, WEEKI WACHEE, FL 34614-2977
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
$2,200,000
Laviano Properties INC
Port Richey Village INC
Warranty Deed
$2,074,000 · Midwest Regional Bank
Nov 5, 2019
—
Port Richey Village INC
—
Deed
related
$1,000,000 · Wauchula St Bk
Jan 9, 2019
—
Port Richey Village INC
—
Deed
related
$1,000,000 · Wauchula St Bk
—
—
Port Richey Village INC
—
Loan Modification
related
$1,000,000 · Wauchula St Bk
—
—
Port Richey Village INC
—
Deed Of Trust
related
$100,000 · Bankatlantic Fsb
—
—
Port Richey Village INC
—
Loan Modification
related
$1,000,000 · Wauchula St Bk
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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