Highway Frontage Commercial Property For
For Sale
Contact for pricing
12401 Us Highway 301, Dade City, FL 33525
Highly visible commercial property with highway frontage and C2 zoning.
Property Size4,963 SF
Price / SF$196.45
Days on Market193
Property Features for 12401 Us Highway 301
General Information
Standard status
Active
Size
4,963 SF
Property subtype
Retail, Office
Zoning
C2
Investment Type
Owner/User
Building Details
Year Built
1957
Stories
1
Units
1288
Listing Agency:
Berkshire Hathaway HomeServices Florida Properties Group
(863) 944-0483
Listed By:
Tim Crandall · License #SL3241721
Source:
Crexi
Added: Jan 30
Changed: Aug 8
Last Checked: Aug 8 at 6:36AM
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 Berkshire Hathaway HomeServices Florida Properties Group
Investment Insights
Based on property information with market context.
This property offers an opportunity to own the building and real estate in a visible location on US Highway 301, north of Clinton Avenue. The property features frontage along a major commercial corridor, providing exposure and access for daily traffic and surrounding neighborhoods. Zoned C2, the site allows for a range of commercial uses, making it a flexible option for owner-users, investors, or entrepreneurs looking to establish or expand their presence. The existing improvements provide a foundation for multiple business types, positioned on a well-traveled roadway. The existing business may be available for purchase at an additional cost, presenting a potential turnkey opportunity. This property offers versatility, visibility, and upside in a commercial corridor. The property size is 4963 square feet.
Key Highlights
- Highly visible location directly on US Highway 301 with outstanding frontage.
- Zoned C2, allowing for a wide range of commercial uses.
- Opportunity to own both the building and the real estate.
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
$48,724
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
5.00%
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%
$974,480
$974.5K
Cap Rate 7%
$696,057
$696.1K
Cap Rate 9%
$541,378
$541.4K
Market Conditions
NOI Build-Up for 4,963 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
$74.4K $15.00/SF
− Vacancy
−$4.8K −$0.98/SF
EGI
$69.6K $14.03/SF
− OpEx
−$20.9K −$4.21/SF
NOI
$48.7K $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%
$974,480
Cap Rate 7%
$696,057
Cap Rate 9%
$541,378
Alternative Uses
Best Use
Retail
$696.1K
$609.1K – $812.1K
NOI $48,724 @ 7.0% cap · market cap 5.00%
Second Best
Office B
$478.4K
$418.6K – $558.2K
NOI $33,491 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$1.13M
$989.2K – $1.32M
NOI $79,138 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Retail property - Highly visible commercial property with highway frontage and C2 zoning.
Where is this retail property located?
The property is located at 12401 Us Highway 301 Dade City, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Highly visible location directly on US Highway 301 with outstanding frontage.; Zoned C2, allowing for a wide range of commercial uses.; Opportunity to own both the building and the real estate.
