Versatile Commercial Property on Highway
10221 US HIGHWAY 301 Dade City, FL 33525
For Sale
$695,000
Mixed-use property with high visibility and flexible space configurations.
Property Size4,900 SF
Lot Size1.00 Acre
Price / SF$141.84
Days on Market73
Property Features for 10221 US HIGHWAY 301
General Information
Standard status
Active
Size
4,900 SF
Lot size
1.00 Acre
Property subtype
Commercial
Building Details
Year Built
1973
Listing Agency:
(813) 713-3974
Listed By:
William Bingham
(813) 713-3974
Source:
Elliman
Added: May 19
Changed: Jul 10
Last Checked: Jul 29 at 6:41AM
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 William Bingham
Investment Insights
Based on property information with market context.
This commercial property is located along US Highway 301 between Dade City and Zephyrhills. It offers visibility, accessibility, and functionality for various business uses. The property benefits from US 301 frontage with a full-access median cut, allowing northbound and southbound access, along with monument signage. The site features a mix of office, retail/showroom, and warehouse space, making it suitable for owner-users, contractors, service companies, trade businesses, or investors seeking flexible commercial space. The front building includes finished office and customer-facing areas configured with reception, private offices, salon-style work areas, breakroom facilities, and multiple workspaces adaptable for professional office, retail, medical, or service-oriented uses. The rear includes warehouse/service bay space with roll-up doors, storage areas, and fenced yard components suitable for equipment storage, contractor operations, fleet parking, or light industrial use. The layout provides operational flexibility with separate work areas and multiple points of access. Constructed of concrete block with approximately 4,900 square feet situated on approximately 1 acre, the property offers parking, visibility, and room for commercial applications. Additional features include asphalt driveway access, chain-link fencing, canopy area, and roadside presence in East Pasco County’s commercial corridors.
Key Highlights
- High visibility with direct US Highway 301 frontage and prominent monument signage.
- Versatile mixed‑use space including office, retail/showroom, and warehouse areas.
- Convenient access with a full‑access median cut for both northbound and southbound traffic.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.8k | $21.60 |
| − Vacancy | −$8.5k | −$1.73 |
| EGI | $97.4k | $19.87 |
| − OpEx | −$36.5k | −$7.45 |
| NOI | $60.9k | $12.42 |
4,900 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$869.4K
$760.7K – $1.01M
NOI $60,858 @ 7.0% cap · market cap 8.76%
Second Best
Retail
$687.2K
$601.3K – $801.8K
NOI $48,106 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$1.12M
$976.7K – $1.30M
NOI $78,133 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with high visibility and flexible space configurations.
Where is this mixed-use property located?
The property is located at 10221 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: High visibility with direct US Highway 301 frontage and prominent monument signage.; Versatile mixed‑use space including office, retail/showroom, and warehouse areas.; Convenient access with a full‑access median cut for both northbound and southbound traffic.
