Highway Property with Covered
For Sale
$695,000
10736 US HIGHWAY 301, Dade City, FL 33525
C2 zoned property on major highway, suitable for various uses.
Property Size5,536 SF
Lot Size0.91 Acres
Price / SF$125.54
Days on Market810
Property Features for 10736 US HIGHWAY 301
General Information
Standard status
Active
Size
5,536 SF
Lot size
0.91 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$3,477
Building Details
Year Built
1955
Listing Agency:
EXECUTIVE REALTY & PROPERTY MANAGEMENT LLC
(813) 997-1404
Listed By:
Charlie Fournier · License #3101181
(813) 997-1404
Source:
Exitrealty
Added: May 21, 2024
Changed: Aug 8
Last Checked: Apr 6 at 3:02AM
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 EXECUTIVE REALTY & PROPERTY MANAGEMENT LLC
Investment Insights
Based on property information with market context.
This property, located on a major highway, benefits from excellent visibility and C2 zoning, making it suitable for various uses such as a used car lot, office, or day care. The property features covered parking for five vehicles in the front and four covered parking spaces in the rear, which could be used for service or repairs. There is over 5000 sq. ft of covered space. The site includes two access drives from US 301. The building is a refurbished house with a new roof and upgraded electric with 200-amp service. Additionally, there are two RV service sites equipped with electric, water, and a common dump station. The property is secured with a 6' chain link fence.
Key Highlights
- Excellent C2 zoning allows for various business uses (used car lot, office, day care, etc.).
- High visibility location on a major highway (US 301).
- Boasts over 5000 sq. ft of covered space.
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
$54,350
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
7.82%
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%
$1,087,000
$1.1M
Cap Rate 7%
$776,429
$776.4K
Cap Rate 9%
$603,889
$603.9K
Market Conditions
NOI Build-Up for 5,536 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
$83.0K $15.00/SF
− Vacancy
−$5.4K −$0.98/SF
EGI
$77.6K $14.03/SF
− OpEx
−$23.3K −$4.21/SF
NOI
$54.3K $9.82/SF
Area
Pasco County, FL
Vacancy
6.50%
Lease Rate
$15.00 /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%
$1,087,000
Cap Rate 7%
$776,429
Cap Rate 9%
$603,889
Alternative Uses
Best Use
Retail
$776.4K
$679.4K – $905.8K
NOI $54,350 @ 7.0% cap · market cap 7.82%
Second Best
Industrial
$634.6K
$555.2K – $740.3K
NOI $44,419 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,275 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
73
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33525, FL
18,620
Population
8,700
Households
2.1
Avg Household Size
48
Median Age
28%
College-Educated
90%
High-School Grad
96.0 sq mi
ZIP Area
194
Density / Sq Mi
$69,697
Median Household Income
$42,178
Median Earnings
$1,045
Median Rent
$228,700
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?
Parking lot & garage - C2 zoned property on major highway, suitable for various uses.
Where is this parking lot & garage located?
The property is located at 10736 US HIGHWAY 301 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: Excellent C2 zoning allows for various business uses (used car lot, office, day care, etc.).; High visibility location on a major highway (US 301).; Boasts over 5000 sq. ft of covered space.
