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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Medical Office Space
224 Mariner Blvd Spring Hill, FL 34609-5691
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0806651
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
10,064 SF
Lot
0.23 ac (10,068 SF)
APN
R31-223-18-9046-0000-0030
UPID
US19-0806651
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
$1.43M
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.14M
Owner & transaction history
Hayvic Holdings LLC · 4 yrs held
Hayvic Holdings LLC
since 2022
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+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%
$1,545,000
6.5%
$1,430,000
7%
$1,325,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,360,000
Current use
RETAIL STORES
$1,535,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$1,305,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10% · vs last sale $1.15M (Apr 26 2022)
Last sale anchor
$1.15M
Apr 26 2022
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
$113 / 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
$21,260
Tax year 2022
Assessed value
$1,399,837
Assessed 2023
Previous assessed
$1,391,196
+0.6% YoY
Effective rate
1.52%
On assessed value
Assessed land
$139,946
Assessed improvement
$1,259,891
Land market value
$165,000
Improvement market value
$1,234,837
Total market value
$1,399,837
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
Rooms
1
Bathrooms
7
Total area
10,064 SF
Lot
0.23 ac (10,068 SF)
APN
R31-223-18-9046-0000-0030
UPID
US19-0806651
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
$1.4M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING Current
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
Rooms
1
Bathrooms
7
Lot
0.23 ac
Current owner
From public records · entity-resolved
Hayvic Holdings LLC
Entity
Mailing address
4374 8TH ISLE DR, HERNANDO BEACH, FL 34607-3044
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2022
$1,150,000
Hayvic Holdings LLC
Spring Hill Business Center LLC
Warranty Deed
$1,174,000 · Capital City Bank
Feb 27, 2017
—
Spring Hill Busn Center LLC
—
Deed
related
$350,154 · Bank Of The Ozarks
Jul 24, 2006
$1,737,500
Spring Hill Busn Center LLC
Spring Hill Prof Center LLC
Warranty Deed
$1,390,000 · Palm Bank
Jul 24, 2006
—
Spring Hill Prof Center Condom
Springhill Prof Center LLC
Quit Claim Deed
related
—
Oct 27, 2005
$570,000
W & G Investment Group LLC
Spring Hill Prof Center LLC
Warranty Deed
—
May 11, 2004
—
Spring Hill Professional Ctr
—
Trustees Deed
related
$460,630 · Wachovia Bank NA
Oct 22, 2002
$390,000
Spring Hill Professional Cente
Seven Hills INC
Grant Deed
—
Oct 3, 2002
$390,000
Spring Hill Professional Ctr
Seven Hills INC
Grant Deed
$1,385,000 · Bay Cities Bank
—
—
Spring Hill Busn Center LLC
—
Loan Modification
related
$350,154 · Bank Of The Ozarks
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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