Hudson Florida Office
For Sale
Contact for pricing
12029 Majestic Blvd, Hudson, FL 34667
14,130 SF office park in Hudson, Pasco County, Florida.
Property Size14,130 SF
Price / SF$130.93
Days on Market211
Property Features for 12029 Majestic Blvd
General Information
Standard status
Active
Size
14,130 SF
Class
B
Property subtype
Office, Retail
Zoning
C2
Building Details
Year Built
1982
Listing Agency:
Doyle & McGrath
(813) 420-6676
Listed By:
Maggie McGrath · License #FL 3232402
Source:
Crexi
Added: Jan 24
Changed: Aug 8
Last Checked: Jul 22 at 11:11AM
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 Doyle & McGrath
Investment Insights
Based on property information with market context.
Located in Hudson, Pasco County, Florida, this 14,130 SF office park is strategically positioned along Florida’s west-central Gulf Coast, between Little Road and US Highway 19, approximately 45 miles northwest of downtown Tampa and roughly 50 miles from Tampa International Airport. Pasco County has experienced population and employment growth as residents and businesses migrate north from the Tampa metro. Hudson provides connectivity via U.S. Highway 19, linking the asset to Tampa, Clearwater, and surrounding Gulf Coast communities, while also benefiting from proximity to residential neighborhoods. The property consists of six office units totaling approximately 14,130 square feet, offering various suite sizes suited for small professional users. The immediate trade area is anchored by national and regional retailers along the U.S. 19 corridor, including grocery, pharmacy, and service-oriented tenants. Nearby retailers such as Walmart, Publix, CVS, Walgreens, and a variety of quick-service restaurants and neighborhood services enhance the location’s convenience for tenants and visitors. With only one unit currently occupied, the asset represents a value add opportunity through lease-up of vacant space and implementation of market rents. Investors can capitalize on improving local demand and continued growth in Pasco County by stabilizing the property over time and investing in capital improvements, creating income growth and appreciation potential.
Key Highlights
- Value‑add opportunity through lease‑up of vacant space and implementation of market rents.
- Located in Pasco County, a region experiencing steady population and employment growth.
- Strategic location between Little Road and US Highway 19, approximately 45 miles northwest of downtown Tampa.
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
$95,352
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
5.15%
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%
$1,907,040
$1.9M
Cap Rate 7%
$1,362,171
$1.4M
Cap Rate 9%
$1,059,467
$1.1M
Market Conditions
NOI Build-Up for 14,130 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
$156.0K $11.04/SF
− Vacancy
−$28.9K −$2.04/SF
EGI
$127.1K $9.00/SF
− OpEx
−$31.8K −$2.25/SF
NOI
$95.4K $6.75/SF
Area
Pasco County, FL
Vacancy
18.50%
Lease Rate
$11.04 /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%
$1,907,040
Cap Rate 7%
$1,362,171
Cap Rate 9%
$1,059,467
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.59M
NOI $95,352 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.22M
$2.82M – $3.76M
NOI $225,311 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
Explore this area
Business Placement
Demographics for 34667, FL
34,910
Population
19,651
Households
1.8
Avg Household Size
58
Median Age
18%
College-Educated
90%
High-School Grad
30.5 sq mi
ZIP Area
1,145
Density / Sq Mi
$51,106
Median Household Income
$40,828
Median Earnings
$1,189
Median Rent
$214,200
Median Home Value
Market
Vacancy Rate% for Office 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?
Office units - 14,130 SF office park in Hudson, Pasco County, Florida.
Where is this office units located?
The property is located at 12029 Majestic Blvd Hudson, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Value‑add opportunity through lease‑up of vacant space and implementation of market rents.; Located in Pasco County, a region experiencing steady population and employment growth.; Strategic location between Little Road and US Highway 19, approximately 45 miles northwest of downtown Tampa.
