New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,110,000
Retail properties & Spaces
5526 Commercial Way Spring Hill, FL 34606-1111
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0298719
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1975
Construction
CONCRETE
Total area
7,286 SF
Lot
1.2 ac (52,439 SF)
APN
R02-423-17-0000-0070-0010
UPID
US18-0298719
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
$2.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.11M
Owner & transaction history
Tengs Commercial Property LLC · 2 yrs held
Tengs Commercial Property LLC
since 2024
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+54.6%
Auto repair, garage
$1.4M
+24.4%
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
$2,110,000
ML approach
$2,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,720,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,380,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$2.11M
Range $1.90M – $2.32M · ±10% · vs last sale $2.11M (Feb 29 2024)
Last sale anchor
$2.11M
Feb 29 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
$290 / 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
$12,549
Tax year 2022
Assessed value
$804,928
Assessed 2023
Previous assessed
$804,928
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$421,057
Assessed improvement
$383,871
Land market value
$385,427
Improvement market value
$470,695
Total market value
$856,122
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
1
Rooms
1
Bathrooms
2
Total area
7,286 SF
Lot
1.2 ac (52,439 SF)
APN
R02-423-17-0000-0070-0010
UPID
US18-0298719
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
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RESTAURANT
AUTO REPAIR, GARAGE
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
1975
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Rooms
1
Bathrooms
2
Lot
1.2 ac
Current owner
From public records · entity-resolved
Tengs Commercial Property LLC
Entity
Mailing address
5526 COMMERCIAL WAY, SPRING HILL, FL 34606-1111
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2024
$2,110,000
Tengs Commercial Property LLC
Xiong Di LLC
Warranty Deed
$4,461,500 · Metro City Bank
Mar 3, 2023
—
Xiong Di LLC
—
Deed
related
$570,000 · Metro City Bank
Jul 12, 2018
$720,000
Xiong Di LLC
Big Bs Fo Tampa LLC
Warranty Deed
$540,000 · Td Bank NA
Aug 25, 2016
$10,000
3 Big Bs Of Tampa LLC
Jordan Richard Trust
Deed In Lieu Of Foreclosure
—
Aug 18, 2006
$933,000
Jordan Richard Trust
Daniel Wayne W Trust
Warranty Deed
$850,000 · Daniel Wayne W Trust (tr)
Aug 18, 2006
—
Daniel Wayne W Trust
Daniel,wayne W JR & Nellie M
Quit Claim Deed
related
—
May 12, 2005
$650,000
Wayne W Daniel JR.
Bevco Investments INC
Warranty Deed
—
Sep 27, 1999
$582,200
Bevco Investments INC
Krc INC
Grant Deed
$420,000 · Individual
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5526 Commercial Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
