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

    38022 River Rd Dade City, FL 33525

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $695,000

    6,300 SF property in growing Dade City, Florida.

    Lot size:
    0.91 Acres

    Property Features for 38022 River Rd

    General Information

    Property type
    Commercial
    Standard status
    Pending
    Lot size
    0.91 Acres

    Building Details

    Year built
    1996

    We can help!

    Listing Contact
    William Bingham
    Source: Elliman

    Listing Agent: William Bingham

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

    Learn more

    Overview

    Dade City Commercial Opportunity

    Located at US Hwy 98 and River Road in Dade City, Florida, this property features a 6,300 square foot building situated over two separate buildings with access to River Road. The property is in the downtown area and was previously used as a Child Care Center for 72 children. The two buildings feature newer roofs, one installed in 2019 and the other in 2020, as well as newer HVAC units. A new drain field was installed in 2020, and the fire alarm system has been upgraded and recently certified. The property also has a full commercial kitchen, equipped with an exhaust hood and a recently certified Ansul system. A Divinity Hill playground system installed in 2020, a basketball court, and multiple improved outdoor areas are also present. The property is located along the US Hwy 98 Bypass, which is currently being widened, and offers ample parking. This property presents an opportunity for businesses seeking to capitalize on the area's economic expansion.
    Location Intelligence

    Current Use by Public Records

    The Learning Express Daycare Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    Dade City
    County
    Pasco
    State
    Florida
    Longitude
    -82.1865074
    Latitude
    28.3721931

    Nearby Similar for Sale

    • New
      $1,500,000
      4,860 SF

      Mixed-Use Property on Highway 301

      High-visibility mixed-use property with owner financing available.
      5273 Treiman Blvd, Dade City, FL 33523
      View Details
    • $899,000
      2,060 SF

      Turnkey Bar on 1.8 Acres

      Established bar with real estate and additional commercially zoned lots.
      5025 Treiman Blvd, Dade City, FL 33523
      View Details
    • $2,699,000
      2,928 SF

      Turn-Key Automotive Dealership Opportunity

      Legacy-owned automotive dealership with excellent exposure and commercial zoning.
      13815 21St St, Dade City, FL 33525
      View Details
    • $1,500,000
      Pending

      Dade City Ranch and Farm

      9.1-acre property with pool, spa, and convenient location.
      16422 Spring Valley Rd, Dade City, FL 33523
      View Details
    • New
      $550,000
      4,808 SF

      Dade City Mobile Home Park

      8-unit mobile home park in Dade City, Florida.
      20510 Us Highway 98, Dade City, FL 33523
      View Details
    • New
      $300,000
      1,456 SF

      Duplex in Ridge Manor

      Duplex with separately metered utilities and renovated units.
      34814 Evergreen Way, Dade City, FL 33523
      View Details
    • $550,000
      4,808 SF

      Dade City Mobile Home Park

      8-unit mobile home park with high occupancy in Dade City.
      20510 Us Highway 98, Dade City, FL 33523
      View Details
    • $7,995,000
      5,500 SF

      Equestrian Estate with Barn

      267-acre equestrian estate in Dade City, Florida.
      36225 Covington Rd, Dade City, FL 33525
      View Details
    • $439,900
      2,010 SF

      Riverfront Property with Two Residences

      9.2-acre riverfront property with two residences and farm potential.
      39005 State Road 575, Dade City, FL 33523
      View Details
    • $3,100,000
      15,838 SF

      Mobile Home and RV Parks

      Two mobile home and RV parks totaling 47 units.
      19140 Us Highway 301, Dade City, FL 33523
      View Details
    • $310,000
      1,560 SF

      Dade City Duplex For Sale

      Duplex in Dade City, Florida, generating government-funded income.
      12106 Patrick St, Dade City, FL 33525
      View Details
    • $2,699,000

      Turn-Key Automotive Dealership Opportunity

      Legacy-owned automotive dealership on 2.9 acres with excellent exposure.
      13815 21St St, Dade City, FL 33525
      View Details

    FAQs

    What type of property is this?
    Day care center - 6,300 SF property in growing Dade City, Florida.
    Where is this day care center located?
    The property is located at 38022 River Rd Dade City, FL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Prime location in growing Dade City, Florida, with excellent access to River Road and strategic positioning in the downtown area.; - Expansive 6,300 square foot building consisting of two separate buildings, offering a versatile layout.; - **Full commercial kitchen equipped with an exhaust hood and recently certified Ansul system.**
    (813) 788-2759
    Request Owner's contact information
    38022 River Rd Dade City, FL 33525
    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.
    38022 River Rd
    Dade City, FL 33525
    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
    38022 River Rd Dade City, FL 33525
    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
    William Bingham
    (813) 788-2759 (813) 713-3974
    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!