Waterfront Commercial Investment
For Sale
$750,000
6920 6922 6924 6926 6928 CLARK St, Hudson, FL 34667
Five-unit commercial building with income potential near Hudson Beach.
Property Size4,214 SF
Lot Size0.22 Acres
Price / SF$251
Days on Market153
Property Features for 6920 6922 6924 6926 6928 CLARK St
General Information
Standard status
Active
Size
4,214 SF
Lot size
0.22 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,265
Building Details
Building Size
4,214 SF
Year Built
1971
Listing Agency:
RE/MAX SUNSET REALTY
(727) 534-4871
Listed By:
Frank Fekete, LLC · License #3039291
(727) 534-4871
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 11 at 7:49AM
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 SUNSET REALTY
Investment Insights
Based on property information with market context.
This waterfront commercial investment property is a five-unit building, currently configured as three units, but convertible back to five. Zoned C2, the entire building is designated as "Wet," allowing the sale of beer and wine. Situated on the only access road to Hudson Beach, the location benefits from high traffic and visibility, with on-site parking available. Currently, one unit houses an active, income-producing convenience store. Three combined units, totaling 2266 square feet, are designed for restaurant use but are presently vacant. The remaining 722 square foot unit, previously a bakery and recently updated, is also vacant. The property offers significant income-earning potential.
Key Highlights
- Waterfront location with high traffic and visibility.
- Zoned C2, allowing for a variety of commercial uses.
- Whole building is "Wet" - able to sell beer and wine.
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
$33,212
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
4.43%
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%
$664,240
$664.2K
Cap Rate 7%
$474,457
$474.5K
Cap Rate 9%
$369,022
$369.0K
Market Conditions
NOI Build-Up for 2,988 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
$46.6K $15.60/SF
− Vacancy
−$2.3K −$0.78/SF
EGI
$44.3K $14.82/SF
− OpEx
−$11.1K −$3.70/SF
NOI
$33.2K $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%
$664,240
Cap Rate 7%
$474,457
Cap Rate 9%
$369,022
Alternative Uses
Best Use
Specialty Retail
$474.5K
$415.2K – $553.5K
NOI $33,212 @ 7.0% cap · market cap 4.43%
Second Best
Retail
$419.1K
$366.7K – $488.9K
NOI $29,335 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$680.6K
$595.6K – $794.1K
NOI $47,645 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
792
Businesses Nearby
54k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Groceries 37%
Dining 21%
Winn-Dixie
Groceries
19,789 visits/mo
0.4 miles
Circle K
Shops & Services
11,269 visits/mo
0.3 miles
Burger King
Dining
9,217 visits/mo
0.3 miles
Dollar General
Shops & Services
5,640 visits/mo
0.3 miles
Regions Bank
Shops & Services
3,427 visits/mo
0.5 miles
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 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?
Grocery and convenience store - Five-unit commercial building with income potential near Hudson Beach.
Where is this grocery and convenience store located?
The property is located at 6920 6922 6924 6926 6928 CLARK St Hudson, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Waterfront location with high traffic and visibility.; Zoned C2, allowing for a variety of commercial uses.; Whole building is "Wet" - able to sell beer and wine.
