Freestanding Building on Highway
For Sale
$199,000
10405 US HIGHWAY 301, Dade City, FL 33525
1,513 SF building on 9,173 SF lot, high visibility.
Property Size1,088 SF
Lot Size0.21 Acres
Price / SF$182.90
Days on Market821
Property Features for 10405 US HIGHWAY 301
General Information
Standard status
Active
Size
1,088 SF
Lot size
0.21 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$990
Building Details
Year Built
1957
Listing Agency:
BAY STREET COMMERCIAL LLC
(813) 625-2375
Listed By:
Michael Braccia, PA · License #3033512
(813) 625-2375
Source:
Exitrealty
Added: May 31, 2024
Changed: Aug 25
Last Checked: Aug 29 at 8:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BAY STREET COMMERCIAL LLC
Investment Insights
Based on property information with market context.
This 1,513 SF freestanding building is situated on a 9,173 SF C2 zoned lot along busy Highway 301, positioned between Dade City and Zephyrhills. Formerly Hillside Auto Sales, the property features a small front office, a rear storage room, and an open canopy area suitable for car sales. The location benefits from high visibility and a traffic count exceeding 22,500 vehicles per day, making it well-suited for another car lot or various other retail businesses. Located in Central/NE Pasco County, east of Lake Gilbert, it offers convenient access to Dade City, Zephyrhills, Brooksville, Land O Lakes, Lutz, North Tampa, and New Tampa.
Key Highlights
- High traffic count (22,500 VPD) on Hwy 301, providing excellent visibility.
- C2 zoning allows for a variety of retail business uses.
- Freestanding 1,513 SF building on a 9,173 SF lot.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,093
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$241,860
$241.9K
Cap Rate 7%
$172,757
$172.8K
Cap Rate 9%
$134,367
$134.4K
Market Conditions
NOI Build-Up for 1,088 SF
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.
Gross rent
$17.0K $15.60/SF
− Vacancy
−$849 −$0.78/SF
EGI
$16.1K $14.82/SF
− OpEx
−$4.0K −$3.70/SF
NOI
$12.1K $11.11/SF
Area
Pasco County, FL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$241,860
Cap Rate 7%
$172,757
Cap Rate 9%
$134,367
Alternative Uses
Best Use
Specialty Retail
$172.8K
$151.2K – $201.6K
NOI $12,093 @ 7.0% cap · market cap 6.08%
Second Best
Retail
$152.6K
$133.5K – $178.0K
NOI $10,681 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$247.8K
$216.9K – $289.2K
NOI $17,349 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 33525, FL
18,620
Population
8,700
Households
2.1
Avg Household Size
48
Median Age
28%
College-Educated
90%
High-School Grad
96.0 sq mi
ZIP Area
194
Density / Sq Mi
$69,697
Median Household Income
$42,178
Median Earnings
$1,045
Median Rent
$228,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Car wash - 1,513 SF building on 9,173 SF lot, high visibility.
Where is this car wash located?
The property is located at 10405 US HIGHWAY 301 Dade City, FL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: High traffic count (22,500 VPD) on Hwy 301, providing **excellent visibility**.; C2 zoning allows for a variety of retail business uses.; Freestanding 1,513 SF building on a 9,173 SF lot.
