1273 Commercial Way Spring Hill, FL 34606-4533
Property Lookup
Property profile & analytics
1273 Commercial Way Spring Hill, FL 34606-4533
- Auto shops
- 2,740 SF
- 0.86 lot acres
Property ID
US18-9597514
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Auto shops
Property Details for 1273 Commercial Way
- Year built
- 2022
- Lot size
- 0.86 lot acres
- Property size
- 2,740 SF
- Property type
- Auto shops
- APN
- R29-223-17-2749-00F0-0020
- APU
- R2922317274900F00020
Description
This exceptional investment opportunity presents a fee-simple ownership of a 1,686 square foot Take 5 Oil Change located at 1273 Commercial Way, Spring Hill, FL 34606. The property sits on a sizable 0.86-acre lot and benefits from a 15-year absolute triple-net (NNN) lease, commencing October 11, 2022, and expiring October 11, 2037. The lease includes four, 5-year renewal options with a 10% rent increase every five years, providing a built-in hedge against inflation. The current annual net operating income (NOI) is $139,000, resulting in a 5.50% capitalization rate. Built in 2022, this single-story building enjoys 100% occupancy. The property's strategic location in a high-traffic area, adjacent to US-19 and near major retailers like Aldi, Walmart, and Publix, ensures strong tenant performance. The robust local population growth, with an 11.5% increase within a 5-mile radius since 2010, further enhances the investment's long-term potential. The asking price is $2,527,000, translating to $1,498.81 per square foot. This offering presents a rare opportunity to acquire a high-performing, low-maintenance retail investment with significant upside potential. The property qualifies for bonus depreciation
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,595,000
- ML approach
- $1,740,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,143,000
Market price range: $256k - $1.14M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Spring Hill
- County
- Hernando
- State
- Florida
- Longitude
- -82.6322
- Latitude
- 28.4513
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$14,908
$378,337
$603,262
$981,599
-
$318,006
$663,593
$981,599
