Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    38602 County Road 54 Zephyrhills, FL 33542

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $299,900

    Affordable Business Space w/ Garage & Storage

    Property size:
    1,300 SF

    Property Features for 38602 County Road 54

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,300 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Sam Turgeon

    Listing Agency: SUNLIGHT REALTY LLC Listing Agent: Sam Turgeon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 1,300 square foot commercial property, located at 38602 County Road 54 in Zephyrhills, Florida, presents a fantastic opportunity for a small business owner. Situated on a 0.16-acre lot, this property boasts a three-bay garage, perfect for equipment storage and workspace. An added benefit is the inclusion of a dedicated office space and a convenient bathroom, enhancing functionality and convenience. The property also features an outdoor storage area, sheltered by an awning, and a paved, fenced area, providing ample secure space for materials or vehicles. The C2 zoning within Zephyrhills city limits allows for a variety of commercial uses. This property is ideally suited for tradespeople, contractors, landscapers, or anyone requiring storage and parking at a competitive price. The location offers excellent visibility due to its frontage on County Road 54, a key thoroughfare in a rapidly developing area of Zephyrhills. This represents a unique chance to build equity while owning your business space, rather than paying rent. Owner financing options are available, making this an even more attractive proposition. Contact us to learn more about this remarkable opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Zephyrhills
    County
    Pasco
    State
    Florida
    Longitude
    -82.17828
    Latitude
    28.25153

    Nearby Similar for Sale

    • New
      $874,000
      3,964 SF

      Zephyrhills Retail Building and Land

      Retail building and land for sale in Zephyrhills, Florida.
      5131 Gall Blvd, Zephyrhills, FL 33542
      View Details
    • $458,000
      2,281 SF

      Zephyrhills Mixed-Use Commercial Property

      High-traffic location ideal for various business ventures.
      38201 10Th Ave, Zephyrhills, FL 33542
      View Details
    • New
      $1,850,000
      11,900 SF

      Zephyrhills Retail Space with Warehouse

      11,900 SF retail space with warehouse in Zephyrhills, FL.
      5500 6Th St, Zephyrhills, FL 33542
      View Details
    • $850,000
      Pending

      Established Zephyrhills Child Care Center

      Turn-key child care center with real estate for sale.
      5814 8Th St, Zephyrhills, FL 33542
      View Details
    • $3,490,000
      22,231 SF

      Zephyrhills Commercial Property on Gall Boulevard

      22,000+ SF commercial building on 2 acres in Zephyrhills.
      5435 Gall Blvd, Zephyrhills, FL 33542
      View Details
    • $411,000
      1,080 SF

      Updated Medical Office Near Hospital

      Turnkey medical office near AdventHealth Zephyrhills with long-term tenant.
      38030 Medical Center Ave, Zephyrhills, FL 33540
      View Details
    • New
      $425,000
      1,938 SF

      Turnkey Duplex in Zephyrhills, FL

      Fully remodeled duplex with immediate income potential and modern upgrades.
      5532 20Th St, Zephyrhills, FL 33542
      View Details
    • $580,000
      4,787 SF

      Zephyrhills Mixed-Use Investment Opportunity

      Profitable mixed-use property with retail and residential income streams.
      4723 Gall Blvd, Zephyrhills, FL 33542
      View Details
    • $580,000
      4,787 SF

      Mixed-Use Investment Opportunity, Zephyrhills

      Zephyrhills mixed-use property with retail and residential income streams.
      4723 Gall Blvd, Zephyrhills, FL 33542
      View Details
    • $374,900
      2,097 SF

      Versatile Mixed-Use Property, Zephyrhills

      Mixed-use property with residential and commercial potential in Zephyrhills.
      5335 6Th St, Zephyrhills, FL 33542
      View Details
    • $225,000
      Pending

      Well-Maintained Duplex in Zephyrhills, FL

      Income-producing duplex with long-term tenant and value-add potential.
      5930 15Th St, Zephyrhills, FL 33542
      View Details
    • $869,900
      2,277 SF

      Zephyrhills Retail Space on Highway

      Retail property with large open floor plan in Zephyrhills, Florida.
      35331 State Road 54, Zephyrhills, FL 33541
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Affordable Business Space w/ Garage & Storage
    Where is this commercial real estate located?
    The property is located at 38602 County Road 54 Zephyrhills, FL.
    What is the asking price?
    The asking price for this property is $299,900.
    (203) 623-7794
    Request Owner's contact information
    38602 County Road 54 Zephyrhills, FL 33542
    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.
    38602 County Road 54
    Zephyrhills, FL 33542
    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
    38602 County Road 54 Zephyrhills, FL 33542
    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

    We can help!
    Listing Contact
    Sam Turgeon
    Real Estate License ID: 3269227
    (203) 623-7794 (813) 990-0205
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!