Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    3528 Commercial Way Spring Hill, FL 34606-2623
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3528 Commercial Way Spring Hill, FL 34606-2623

    View on Map
    • Motels
    • 14,261 SF
    • 2.60 lot acres
    Off-Market
    Property ID
    US18-2204168
    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.
    Value Estimations
    $835,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Motels

    Property Details for 3528 Commercial Way

    Year built
    2006
    Construction
    BRICK
    Lot size
    2.60 lot acres
    Property size
    14,261 SF
    Property type
    Motels
    APN
    R16-223-17-3880-0020-0050
    APU
    R1622317388000200050

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,240,000
      OFFICE BUILDING
      $1,215,000
      RESTAURANT
      $930,000
      RETAIL STORES
      $800,000
      WAREHOUSE, STORAGE
      $770,000
      MEDICAL BUILDING
      $695,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spring Hill
    County
    Hernando
    State
    Florida
    Longitude
    -82.6056
    Latitude
    28.4834
    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
    $56,831
    $3,477,920
    $0.00
    $3,477,920
    -
    $842,173
    $3,268,355
    $4,110,528

    Comparable in this City

    • Value Estimation
      $680,000
      12,856 SF

      6172 Commercial Way

      MOTEL • 12,856 SF
      6172 Commercial Way, Spring Hill, FL 34606-1120
      View Details
    • Value Estimation
      $7,135,000
      37,870 SF

      1344 Commercial Way

      MOTEL • 37,870 SF
      1344 Commercial Way, Spring Hill, FL 34606-4522
      View Details
    • Value Estimation by Request
      10,038 SF

      4881 Commercial Way

      MOTEL • 10,038 SF
      4881 Commercial Way, Spring Hill, FL 34606-1915
      View Details
    • Value Estimation by Request

      1380 Pinehurst Dr

      Retail properties & Spaces
      1380 Pinehurst Dr, Spring Hill, FL 34606
      View Details
    • Value Estimation by Request
      3,122 SF

      3248 Commercial Way

      Office properties & Spaces • 3,122 SF
      3248 Commercial Way, Spring Hill, FL 34606
      View Details
    • Value Estimation by Request
      1.30 Acres

      9990 Cortez Blvd

      Land • 1.30 Acres
      9990 Cortez Blvd, Spring Hill, FL 34606
      View Details

    Similar Nearby for Sale

    • $1,199,000
      4,152 SF

      Commercial Property on Deltona Boulevard

      Expansive 6.4-acre commercial property in Spring Hill, Florida.
      6001 Deltona Blvd, Spring Hill, FL 34606
      View Details
    • Contact for pricing

      Land in Rapidly Expanding Submarket

      Land suitable for commercial, office, or investment in Spring Hill.
      215 Cobblestone Dr, Spring Hill, FL 34606
      View Details
    • $54,900
      Pending

      Spring Hill Land Building Site

      Building site in quiet area, backing to waterway for privacy.
      Tryon Cir, Spring Hill, FL 34606
      View Details
    • $54,900
      Pending

      Land For Sale

      Land available on corner lot.
      7252 Sky Ct, Spring Hill, FL 34606
      View Details
    • $79,900
      Pending

      Residential Land in Quiet Neighborhood

      Half-acre lot ready for new home in Spring Hill, FL.
      8001 Greenbrier Ct, Spring Hill, FL 34606
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Lease on US 19

      Land available for ground lease along high-traffic US 19.
      Commercial Way, Spring Hill, FL 34606
      View Details
    • $180 SF/Yr
      4,582 SF

      Retail Space on Commercial Way

      Retail space available for lease on US-19 Commercial Way.
      1108 Commercial Way, Spring Hill, FL 34606
      View Details
    • $42,924

      Highway Frontage Retail/Office Space

      Flexible retail/office space on U.S. Highway 19.
      4656 Commercial Way, Spring Hill, FL 34606
      View Details
    • Contact for pricing
      3,227 SF

      Retail Space For Lease

      Retail space available in a centrally located, high-visibility area.
      7325-7429 Spring Hill Dr, Spring Hill, FL 34606
      View Details

    Property Visit Statistics

    • Visits by month
      5.5k
    • Visitors by month
      2.2k
    • Avg Time on site
      458 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3528 Commercial Way
    Spring Hill, FL 34606-2623
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!