Downtown Retail Showroom with
For Sale
$1,850,000
5500 6th Street ZEPHYRHILLS, Zephyrhills, FL 33542
Air-conditioned retail showroom with high ceilings, multiple interior rooms, and an included warehouse with a roll-up door.
Property Size12,446 SF
Lot Size0.96 Acres
Price / SF$155.46
Days on Market40
Property Features for 5500 6th Street ZEPHYRHILLS
General Information
Standard status
Active
Size
12,446 SF
Total Parking Spaces
24
Lot size
0.96 Acres
Zoning
FBC4
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$15,289
Amenities
Tile
true
1
Public Records
24500
0.56
3
false
19 to 30 Spaces,Lighted
Paved
Slab
City Street
12446
Building Details
Building Size
12,446 SF
Year Built
1972
Buildings
1
Stories
1
Listing Agency:
(904) 569-5862
Listed By:
Pascale "Pack" Trotta
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 6
Changed: Aug 14
Last Checked: Aug 14 at 9:00AM
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 Pascale "Pack" Trotta
Investment Insights
Based on property information with market context.
This air-conditioned retail building offers a large open showroom measuring 95' by 112' with 10+ foot ceilings. The interior layout includes a large counter/cashier bar, a private office, and two restrooms. Also included is a 25' by 80' warehouse space with 12' ceilings and a 10' by 10' roll-up door. The exterior has been renovated to reflect current retail style, and showroom carpeting was installed in 2019. The entry features two large display windows, a glass door, and retractable steel security curtains.
The property is set in downtown Zephyrhills, with frontage on main street thoroughfares. The site includes a lighted parking lot with 17 spaces plus seven overflow spaces, with city street frontage on three sides and paved alley access on the fourth.
The sale includes three parcels totaling 0.96 acres, with an option to purchase an adjoining 0.24 acres that includes 75' of US 301 frontage. Zoning is described as very broad and general, allowing for a wide spectrum of approved uses.
The property is set in downtown Zephyrhills, with frontage on main street thoroughfares. The site includes a lighted parking lot with 17 spaces plus seven overflow spaces, with city street frontage on three sides and paved alley access on the fourth.
The sale includes three parcels totaling 0.96 acres, with an option to purchase an adjoining 0.24 acres that includes 75' of US 301 frontage. Zoning is described as very broad and general, allowing for a wide spectrum of approved uses.
Key Highlights
- 11,900 SF air‑conditioned retail space in downtown Zephyrhills, built in 1972
- 95' x 112' showroom with 10+ ft ceilings, 2 large display windows, and a glass entry door with retractable steel security curtains
- Includes a 25' x 80' warehouse space with 12' ceilings and a 10' x 10' roll‑up door
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
$116,828
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
6.32%
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%
$2,336,560
$2.3M
Cap Rate 7%
$1,668,971
$1.7M
Cap Rate 9%
$1,298,089
$1.3M
Market Conditions
NOI Build-Up for 11,900 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
$178.5K $15.00/SF
− Vacancy
−$11.6K −$0.98/SF
EGI
$166.9K $14.03/SF
− OpEx
−$50.1K −$4.21/SF
NOI
$116.8K $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%
$2,336,560
Cap Rate 7%
$1,668,971
Cap Rate 9%
$1,298,089
Alternative Uses
Best Use
Retail
$1.67M
$1.46M – $1.95M
NOI $116,828 @ 7.0% cap · market cap 6.32%
Second Best
Warehouse
$1.66M
$1.45M – $1.93M
NOI $115,943 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,753 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
Explore this area
Business Placement
Demographics for 33542, FL
22,649
Population
13,600
Households
1.7
Avg Household Size
54
Median Age
16%
College-Educated
89%
High-School Grad
10.4 sq mi
ZIP Area
2,178
Density / Sq Mi
$49,011
Median Household Income
$34,267
Median Earnings
$1,049
Median Rent
$129,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Air-conditioned retail showroom with high ceilings, multiple interior rooms, and an included warehouse with a roll-up door.
Where is this retail space located?
The property is located at 5500 6th Street ZEPHYRHILLS Zephyrhills, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 11,900 SF air‑conditioned retail space in downtown Zephyrhills, built in 1972; 95' x 112' showroom with 10+ ft ceilings, 2 large display windows, and a glass entry door with retractable steel security curtains; Includes a 25' x 80' warehouse space with 12' ceilings and a 10' x 10' roll‑up door
