Mixed-Use Land with Income
37150 CHANCEY Road Zephyrhills, FL 33541
For Sale
$4,500,000
LAND - ZEPHYRHILLS, FL
Property Size17,600 SF
Lot Size12.64 Acres
Price / SF$255.68
Days on Market54
Property Features for 37150 CHANCEY Road
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- AR, C2
- Standard status
- Active
- APN
- 21-26-22-000.0-019.00-009.0
- Lot size
- 12.64 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- COM AT NW COR OF SW1/4 OF SECTION 22 TH N89DG 57' 44"E 502.76 FT TH S00DG 17' 00"E 25.00 FT TH N89DG 57' 44"E ALG SOUTH RIGHT-OF-WAY LINE OF CHANCEY RD 262.00 FT FOR POB TH CONT N89DG 57' 44"E ALG SAID RIGHT-OF-WAY LINE 260.85 FT TH S01DG 47' 48"E 10.00 FT TH N89DG 57' 44"E 40.00 FT TH S01DG 47' 48"E 311.15 FT TH S89DG 57' 44"W 309.33 FT TH N00DG 17' 00"W 321.05 FT TO POB SUBJECT TO PERPETUAL EASEMENT FOR R/W OVER NORTH 10 FT THEREOF & COM AT NW COR OF SW1/4 OF SECTION 22 TH N89DG 57' 44"E 502.76 FT TH S00DG 17' 00"E 25.00 FT TH N89DG 57' 44"E ALG SOUTH RIGHT-OF-WAY LINE OF CHANCEY RD 522.85 FT FOR POB TH S01DG 47' 48"E 10.00 FT TH N89DG 57' 44"E 40.00 FT TH N01DG 47' 48"W 10.00 FT TH N89DG 57' 44"W 40.00 FT TO POB OR 3707 PG 140
- Tax Annual Amount
- 1335
Utilities
- Sewer type
- Septic Tank
- Water source
- Well
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
Bianka Ross · License #3570960
(847) 769-4524
Added: Jun 3
Changed: Jul 20
Last Checked: Jul 26 at 6:06AM
MLS# TB8516857
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.
The Chancey Road Assemblage is a 12.64+/- acre mixed-use parcel in Zephyrhills, offering both A-R (Agricultural Residential) and C-2 (General Commercial) zoning flexibility. The property includes existing residential structures, warehouse space, vacant land, and approximately 17,600 SF of existing building area. It also features in-place income, including a long-term cell tower lease extending through 2049 and an existing gymnastics center tenant providing income through September 2026.
The assemblage offers road frontage and connectivity along Chancey Road with multiple access points. It is located within the East Pasco Economic Development Zone.
With acreage split across A-R and C-2 zoning, the site supports a range of redevelopment directions, including residential, commercial, mixed-use, flex industrial, and storage-related opportunities, subject to applicable approvals.
The assemblage offers road frontage and connectivity along Chancey Road with multiple access points. It is located within the East Pasco Economic Development Zone.
With acreage split across A-R and C-2 zoning, the site supports a range of redevelopment directions, including residential, commercial, mixed-use, flex industrial, and storage-related opportunities, subject to applicable approvals.
Key Highlights
- Approximately 12.64± acres mixed‑use assemblage with A‑R (Agricultural Residential) and C‑2 (General Commercial) zoning for flexible development plans
- Existing improvements include residential structures, warehouse space, vacant land, and about 17,600 SF of existing building area
- Income included: long‑term cell tower lease extending through 2049 with annual rent increases
Financial Insights For Warehouse
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 | $220.0k | $12.50 |
| − Vacancy | −$18.3k | −$1.04 |
| EGI | $201.7k | $11.46 |
| − OpEx | −$30.3k | −$1.72 |
| NOI | $171.5k | $9.74 |
17,600 SF · lease $12.50/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.45M
$2.14M – $2.86M
NOI $171,479 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,643 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
East Pasco Gymnastics
Gym & Fitness Center
FAQs
What type of property is this?
Warehouse - 12.64+/- acres zoned AR and C-2 with existing structures and in-place cell tower and gymnastics center tenants.
Where is this warehouse located?
The property is located at 37150 CHANCEY Road Zephyrhills, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Approximately 12.64± acres mixed‑use assemblage with A‑R (Agricultural Residential) and C‑2 (General Commercial) zoning for flexible development plans; Existing improvements include residential structures, warehouse space, vacant land, and about 17,600 SF of existing building area; Income included: long‑term cell tower lease extending through 2049 with annual rent increases
