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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Medical Office Space
3502 Mariner Blvd Spring Hill, FL 34609-2492
Entity Owned
1-yr Hold
Free & Clear
Property ID
US19-0626843
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Total area
4,600 SF
Lot
2.1 ac (91,476 SF)
APN
R32-323-17-5160-1013-0400
UPID
US19-0626843
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
$965k
Blend (final)
Blend
$805k
Owner & transaction history
Threetowers LLC · 1 yrs held
Threetowers LLC
since 2025
Last sale
$1.0M
4 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
$805k
Range $725k – $886k · ±10% · vs last sale $1.00M (Oct 27 2024)
Last sale anchor
$1.00M
Oct 27 2024
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
$175 / 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
$15,658
Tax year 2022
Assessed value
$1,030,994
Assessed 2023
Previous assessed
$1,010,445
+2.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$619,902
Assessed improvement
$411,092
Land market value
$583,336
Improvement market value
$447,658
Total market value
$1,030,994
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
1992
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Rooms
1
Bathrooms
6
Total area
4,600 SF
Lot
2.1 ac (91,476 SF)
APN
R32-323-17-5160-1013-0400
UPID
US19-0626843
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
1992
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Rooms
1
Bathrooms
6
Lot
2.1 ac
Current owner
From public records · entity-resolved
Threetowers LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5327 COMMERCIAL WAY UNIT C113, SPRING HILL, FL 34606-1420
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2025
$1,000,000
Threetowers LLC
3502 Mariner Holdings LLC
Warranty Deed
—
Sep 19, 2022
—
3502 Mariner Holdings LLC
—
Deed
related
$150,000,000 · Regions Bank
Aug 7, 2007
$981,142
3502 Mariner Holdings LLC
Spring Hill Medical Building P
Warranty Deed
$864,360 · Regions Bank
—
—
3502 Mariner Holdings LLC
—
Deed Of Trust
related
$681,143 · Regions Bank
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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