Corner-Lot Office and Retail
For Sale
$999,900
13924 7TH STREET, Dade City, FL 33525
Two connected office buildings with shared canopy sit on a corner lot with about 200 feet of road frontage and ample parking.
Property Size5,606 SF
Price / SF$178.36
Days on Market150
Property Features for 13924 7TH STREET
General Information
Standard status
Active
Size
5,606 SF
Total Parking Spaces
50
Property subtype
Mixed Use
Zoning
RIO
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$9,654
Amenities
Central Air
3
Corner Lot.
Paved Driveway.
Corner, City Road, Paved Road.
Building Details
Year Built
1977
Listing Agency:
KING & ASSOCIATES REAL ESTATE LLC
(352) 458-0291
Listed By:
King Sommers, III · License #3382548
Source:
Xome
Added: Mar 27
Changed: Aug 23
Last Checked: Aug 22 at 12:11PM
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 KING & ASSOCIATES REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This corner-lot commercial property includes two separate office buildings totaling 4,534 square feet, connected by a common canopy. The first building features a lobby, a dedicated conference area, six private offices, a break room with kitchen, two bathrooms, and generous storage. It also retains an original bank vault. The second building offers an open lobby/reception area, a private office, a full kitchen, and two bathrooms.
The property provides approximately 200 feet of 7th Street road frontage and includes on-site parking for 50 vehicles. The building is zoned RIO and positioned in a business district with high visibility and easy access.
Overall, the layout supports office-focused operations while also allowing flexible use of the second building’s reception and kitchen configuration.
The property provides approximately 200 feet of 7th Street road frontage and includes on-site parking for 50 vehicles. The building is zoned RIO and positioned in a business district with high visibility and easy access.
Overall, the layout supports office-focused operations while also allowing flexible use of the second building’s reception and kitchen configuration.
Key Highlights
- Corner‑lot commercial building in Dade City with about 200 ft of 7th Street road frontage
- Two separate office buildings totaling 4,534 sq ft, connected by a common canopy for shared access
- 50 on‑site parking spaces
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
$37,830
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
3.78%
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%
$756,600
$756.6K
Cap Rate 7%
$540,429
$540.4K
Cap Rate 9%
$420,333
$420.3K
Market Conditions
NOI Build-Up for 5,606 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
$61.9K $11.04/SF
− Vacancy
−$11.4K −$2.04/SF
EGI
$50.4K $9.00/SF
− OpEx
−$12.6K −$2.25/SF
NOI
$37.8K $6.75/SF
Area
Pasco County, FL
Vacancy
18.50%
Lease Rate
$11.04 /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%
$756,600
Cap Rate 7%
$540,429
Cap Rate 9%
$420,333
Alternative Uses
Best Use
Office B
$540.4K
$472.9K – $630.5K
NOI $37,830 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,391 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
986
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?
Office building - Two connected office buildings with shared canopy sit on a corner lot with about 200 feet of road frontage and ample parking.
Where is this office building located?
The property is located at 13924 7TH STREET Dade City, FL.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Corner‑lot commercial building in Dade City with about 200 ft of 7th Street road frontage; Two separate office buildings totaling 4,534 sq ft, connected by a common canopy for shared access; 50 on‑site parking spaces
