Wesley Chapel Commercial Development
32800 EILAND BOULEVARD Wesley Chapel, FL 33545
32800 EILAND BOULEVARD, Wesley Chapel, FL, 33545
$2,300,000
For Sale
$2,300,000
Retail - WESLEY CHAPEL, FL
Property Size29,185 SF
Lot Size1.68 Acres
Price / SF$78.81
Days on Market430
Property Features for 32800 EILAND BOULEVARD
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Property condition
- New Construction
- Zoning
- C2
- Standard status
- Active
- APN
- 21-26-18-000.0-002.00-001.0
- Size
- 29,185 SF
- Lot size
- 1.68 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6907.84
Building Details
- Year built
- 1984
- Building materials
- Block
- Architectural style
- Other
Listing Agency
REALTY ONE GROUP ADVANTAGE
(727) 846-7777
24814 S R 54, Lutz, FL
Listed by
Alex Khoyi · License #3261907
(727) 846-7777
Added: May 17, 2025 Updated: Jan 23 at 6:08 pm Checked: Jul 20 at 5:06 pm
MLS# TB8385915
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial development opportunity is located in a sought-after retail corridor of Wesley Chapel, situated at the intersection of Eiland Boulevard, Morris Bridge Road, and State Road 54. Zoned C-2, the 1.68-acre property offers flexible use options and visibility with right-in/right-out access and connectivity to a nearby signalized intersection. The site is surrounded by established national retailers and service providers, including AutoZone and 7-Eleven. Nearby businesses include Publix, Home Depot, McDonald’s, Wendy’s, Suncoast Credit Union, O’Reilly Auto Parts, Anytime Fitness, Marco’s Pizza, and Subway, with AdventHealth planned for the area. The location is suitable for general retail, quick-service restaurants with drive-thru, medical offices, dental practices, or oil change services. One acre is fully permitted for an automated car wash.
Key Highlights
- Prime commercial development opportunity at the intersection of Eiland Boulevard/Morris Bridge Road and State Road 54.
- C‑2 zoning offers flexible use options including retail, restaurants and medical offices.
- Excellent visibility with right‑in/right‑out access.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $322.2k | $11.04 |
| − Vacancy | −$59.6k | −$2.04 |
| EGI | $262.6k | $9.00 |
| − OpEx | −$65.6k | −$2.25 |
| NOI | $196.9k | $6.75 |
29,185 SF · lease $11.04/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.63M
$4.05M – $5.41M
NOI $324,391 @ 7.0% cap · market cap 14.10%
Second Best
Retail
$4.09M
$3.58M – $4.78M
NOI $286,524 @ 7.0% cap · market cap 12.46%
Theoretical Best
Office A
$6.65M
$5.82M – $7.76M
NOI $465,372 @ 7.0% cap · market cap 20.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Prime commercial land in high-traffic Wesley Chapel retail corridor.
Where is this commercial land located?
The property is located at 32800 EILAND BOULEVARD Wesley Chapel, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Prime commercial development opportunity at the intersection of Eiland Boulevard/Morris Bridge Road and State Road 54.; C‑2 zoning offers flexible use options including retail, restaurants and medical offices.; Excellent visibility with right‑in/right‑out access.
