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

    30740 Wells Rd Wesley Chapel, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Land zoned AR suitable for various special exception uses.

    Type:LAND
    Lot size:
    1.00 Acre
    Added:
    Oct 18, 2024
    Days on Market:
    554
    Last Refresh:
    Apr 5 at 11:15 pm

    Property Features for 30740 Wells Rd

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre
    Property subtype
    LAND

    Spaces For Lease

    at 30740 Wells Rd Contact us

    We can help!

    Listing Contact
    Brent Nye
    Brent Nye

    Listing agent Brent Nye License #SL3025522

    Listing office NYE Commercial Advisors

    Listing date Oct 18, 2024

    Source Moodyscre

    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 NYE Commercial Advisors

    Overview

    Land with Special Exception Use

    This property is zoned AR, which allows for special exception uses such as daycare facilities, animal hospitals or veterinarian clinics, and dog kennels. It also permits fruit and vegetable stands, public and semi-public buildings and facilities, including county, state, or federal structures and uses, churches, civic organizations, and schools. Community gardens, market gardens, and community farms are also allowed under the AR zoning. The average income within a 3-mile radius is $134,704.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wesley Chapel
    County
    Pasco
    State
    Florida
    Longitude
    -82.3506
    Latitude
    28.1786

    Nearby Similar for Lease

    • $850/Mo

      Wesley Chapel Executive Office Suites

      Executive office suites for lease in Wesley Chapel, Florida.
      3742 TURMAN LOOP, WESLEY CHAPEL, FL 33544
      View Details
    • $120,000 SF/Yr

      Retail Space on State Road

      Retail space available for lease on State Road 54.
      34020 & 34024 STATE ROAD 54, WESLEY CHAPEL, FL 33543
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Mixed-use community with retail, office, and restaurant spaces for rent.
      32265 Overpass Road, Wesley Chapel, FL, 33545
      View Details
    • Contact for pricing

      Shops at Wiregrass Retail Space

      Premier shopping destination in Wesley Chapel, Northern Tampa.
      28211 Paseo Drive, Wesley Chapel, FL, 33543
      View Details
    • $27 SF/Yr

      Wesley Chapel Office Space Available

      Office space in Brookside Prof Center, ready for occupancy.
      29139-29153 Chapel Park Dr, Wesley Chapel, FL
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Strategically located near BayCare Hospital and future PAM Health hospital.
      4416 Bruce B Downs Blvd, Wesley Chapel, FL 33543
      View Details
    • Contact for pricing

      Retail Space in Wesley Chapel

      Retail space for lease in a new Wesley Chapel development.
      Bruce B Downs Blvd & Aronwood Blvd, Wesley Chapel, FL 33544
      View Details
    • $40 SF/Yr

      Retail Space Available For Lease

      12,000 square feet of retail space for lease.
      0 Old Pasco Rd, Wesley Chapel, FL
      View Details
    • Contact for pricing

      Wesley Chapel Warehouse Space Available

      163,800 sqft warehouse in Wesley Chapel, Florida for lease.
      7500 Old Pasco Road, Wesley Chapel, FL, 33544
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Center

      Retail space available in a busy, shadow-anchored power center.
      1219-1321 Bruce B Downs Blvd , Wesley Chapel, FL
      View Details
    • Contact for pricing

      Retail Space at The Grove

      Retail opportunity in Wesley Chapel's premier shopping destination.
      5831-6021 Wesley Grove Blvd, Wesley Chapel, FL
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available, offering 3,164 square feet.
      2145 Cypress Ridge Blvd., Wesley Chapel, FL 33544
      View Details

    FAQs

    What type of property is this?
    Land - Land zoned AR suitable for various special exception uses.
    Where is this land located?
    The property is located at 30740 Wells Rd Wesley Chapel, FL.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Zoned AR with Special Exception Use offering diverse business opportunities.; High average income ($134,704 within 3 miles) indicates a strong local economy.; Permitted uses include public and semipublic buildings.
    (813) 997-3333 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brent Nye
    Brent Nye
    Real Estate License ID: SL3025522
    Learn More
    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.
    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!