Income-Producing Garages on Commercial
For Sale
$889,800
16201 US HIGHWAY 19, Hudson, FL 34667
Gated property with rental income potential on 1.5 acres.
Property Size10,013 SF
Lot Size1.50 Acres
Price / SF$88.86
Days on Market521
Property Features for 16201 US HIGHWAY 19
General Information
Standard status
Active
Size
10,013 SF
Lot size
1.50 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,194
Amenities
Pool
Public Pool
Building Details
Year Built
1990
Listing Agency:
RE/MAX ALLIANCE GROUP
(727) 845-4321
Listed By:
ADELE POSTON · License #180197
Source:
Corcoran
Added: Mar 6, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:56AM
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 RE/MAX ALLIANCE GROUP
Investment Insights
Based on property information with market context.
Located on Commercial Way in Hudson, Florida, this gated property offers a business opportunity with rental income potential. The property, zoned C-2, spans 1.5 acres and features individual garages suitable for storage, auto-detailing shops, office rentals, or other uses. Shipping containers provide a secure storage option. The lot offers space for potential business ventures, such as used car sales. The property size is 10,013 square feet.
Key Highlights
- Income‑producing gated property with rental potential.
- Zoned C‑2 on Commercial Way, N. Hudson, FL, offering diverse business opportunities.
- 1.5‑acre lot with ample space for various business ventures.
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
$80,342
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
9.03%
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%
$1,606,840
$1.6M
Cap Rate 7%
$1,147,743
$1.1M
Cap Rate 9%
$892,689
$892.7K
Market Conditions
NOI Build-Up for 10,013 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
$125.2K $12.50/SF
− Vacancy
−$10.4K −$1.04/SF
EGI
$114.8K $11.46/SF
− OpEx
−$34.4K −$3.44/SF
NOI
$80.3K $8.02/SF
Area
Pasco County, FL
Vacancy
8.30%
Lease Rate
$12.50 /SF/Yr
Expense Ratio
30.00%
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%
$1,606,840
Cap Rate 7%
$1,147,743
Cap Rate 9%
$892,689
Alternative Uses
Best Use
Retail
$1.40M
$1.23M – $1.64M
NOI $98,303 @ 7.0% cap · market cap 11.05%
Second Best
Self Storage
$1.33M
$1.16M – $1.55M
NOI $92,857 @ 7.0% cap · market cap 10.44%
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,663 @ 7.0% cap · market cap 17.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
834
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 15830 U.S. Hwy 19, Hudson, FL 34667
- U-Haul Neighborhood Dealer — 15506 U.S. Hwy 19, Hudson, FL 34667
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Gated property with rental income potential on 1.5 acres.
Where is this parking lot & garage located?
The property is located at 16201 US HIGHWAY 19 Hudson, FL.
What is the asking price?
The asking price for this property is $889,800.
What are key features of this property?
This property features: Income‑producing gated property with rental potential.; Zoned C‑2 on Commercial Way, N. Hudson, FL, offering diverse business opportunities.; 1.5‑acre lot with ample space for various business ventures.
