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Property profile & analytics
OFF-MARKET
Auto shops
4240 Commercial Way Spring Hill, FL 34606-2325
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-1606257
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1995
Construction
CONCRETE
Total area
4,027 SF
Lot
0.31 ac (13,619 SF)
Zoning code
C-2
APN
R15-223-17-1777-0000-0020
UPID
US18-1606257
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Andrew Ercolano · 2 yrs held
Andrew Ercolano
since 2024
4 recorded transactions
Zoning & alternative use
C-2 · Spring Hill, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,140
Tax year 2022
Assessed value
$270,419
Assessed 2023
Previous assessed
$270,419
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$109,038
Assessed improvement
$161,381
Land market value
$84,983
Improvement market value
$190,697
Total market value
$275,680
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1995
Construction
CONCRETE
Heating
NONE
Stories
2
Rooms
1
Bathrooms
3
Total area
4,027 SF
Lot
0.31 ac (13,619 SF)
Zoning code
C-2
APN
R15-223-17-1777-0000-0020
UPID
US18-1606257
Jurisdiction
HERNANDO
Zoning & alternative use
C-2 · Spring Hill, FL
Zoning C-2 · permitted uses
C-2 · Spring Hill, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Hill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Construction
CONCRETE
Heating
NONE
Stories
2
Rooms
1
Bathrooms
3
Lot
0.31 ac
Current owner
From public records · entity-resolved
Andrew Ercolano
Individual
Mailing address
5147 DELTONA BLVD, SPRING HILL, FL 34606-1510
Ownership since
2024
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
Feb 7, 2024
—
Andrew Ercolano
Raymond P Ercolano
Intrafamily Transfer
related
—
Jan 4, 2017
—
Raymond P Ercolano JR
Ercolano Raymond P
Quit Claim Deed
related
—
—
—
Raymond P Ercolano
—
Deed Of Trust
related
$320,000 · Barnett Bank
—
—
Raymond P Ercoiano
—
Deed Of Trust
related
$400,000 · 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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