Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Pne Frst Dr Spring Hill, FL 34606

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Pne Frst Dr Spring Hill, FL 34606

    View on Map
    • Office buildings
    • 261 SF
    • 11.30 lot acres
    Off-Market
    Property ID
    US18-4348912
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for Pne Frst Dr

    Year built
    2017
    Construction
    CONCRETE
    Lot size
    11.30 lot acres
    Property size
    261 SF
    Property type
    Office buildings
    APN
    R21-423-17-0000-0160-0000
    APU
    R2142317000001600000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Hill
    County
    Hernando
    State
    Florida
    Longitude
    -82.6127
    Latitude
    28.4738
    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
    2023
    $0.00
    $72,795
    $0.00
    $72,795
    -
    $72,795
    $0.00
    $72,795

    Comparable in this City

    • Value Estimation by Request
      220 SF

      6872 Timber Pnes Blvd

      PROFESSIONAL BUILDING • 220 SF
      6872 Timber Pnes Blvd, Spring Hill, FL 34606-3641
      View Details
    • Value Estimation by Request
      1,584 SF

      1269 Kass Cir

      PROFESSIONAL BUILDING • 1,584 SF
      1269 Kass Cir, Spring Hill, FL 34606-4308
      View Details
    • Value Estimation by Request
      631 SF

      5327 Commercial Way, Unit B110

      PROFESSIONAL BUILDING • 631 SF
      5327 Commercial Way, Spring Hill, FL 34606-1499
      View Details
    • Value Estimation by Request
      870 SF

      Commercial Way

      PROFESSIONAL BUILDING • 870 SF
      Commercial Way, Spring Hill, FL 34606
      View Details
    • Value Estimation by Request
      2,501 SF

      7150 Frst Oaks Blvd

      PROFESSIONAL BUILDING • 2,501 SF
      7150 Frst Oaks Blvd, Spring Hill, FL 34606-2329
      View Details
    • Value Estimation
      $675,000
      7,300 SF

      8383 Omaha Cir

      PROFESSIONAL BUILDING • 7,300 SF
      8383 Omaha Cir, Spring Hill, FL 34606-5157
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,122 SF

      Renovated Commercial Building on Highway 19

      Completely renovated commercial building with high traffic visibility on US-19.
      3248 Commercial Way, Spring Hill, FL 34606
      View Details
    • $769,900
      3,122 SF

      Renovated Commercial Building on Highway

      Completely renovated commercial building with highway visibility and ample parking.
      3248 Commercial Way, Spring Hill, FL 34606
      View Details
    • $1,695,000

      Professional Office Building Investment Opportunity

      Fully leased two-story office building on Spring Hill Drive.
      5330 Spring Hill Dr, Spring Hill, FL 34606
      View Details
    • $1,150,000

      Versatile Office Suites in Spring Hill

      Two independent office suites with ample parking and high visibility.
      5300 Spring Hill Dr, Spring Hill, FL 34606
      View Details
    • Contact for pricing

      Remodeled Office Unit For Sale

      Recently remodeled office unit featuring reception, meeting rooms, and offices.
      5327 Commercial Way, Spring Hill, FL 34606
      View Details
    • $764,000
      1.30 Acres

      Commercial Land on Cortez Boulevard

      1.3 AC MOL vacant land with highway frontage.
      9990 Cortez Blvd, Spring Hill, FL 34606
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Office/Retail Space Available

      Approximately 800 SF office/retail space for rent.
      1409 Kass Cir, 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

      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
    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.
    Pne Frst Dr
    Spring Hill, FL 34606
    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!