Income-Producing Land with Development
For Sale
$975,000
14638 TREELEAF Ln, Dade City, FL 33525
10-acre parcel with mobile homes and development opportunities in Dade City.
Property Size5,628 SF
Lot Size10.00 Acres
Days on Market156
Property Features for 14638 TREELEAF Ln
General Information
Standard status
Active
Size
5,628 SF
Lot size
10.00 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,940
Building Details
Building Size
5,628 SF
Year Built
1968
Stories
1
Listing Agency:
Florida Commercial Group
(813) 922-2091
Listed By:
Deana Cannella · License #653748
(813) 922-2091
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Jul 16 at 5:35AM
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 Florida Commercial Group
Investment Insights
Based on property information with market context.
Located just off Old St. Joe Road, east of Curley Road in Dade City, this 10-acre parcel offers immediate income and long-term growth potential. The property includes 9 leased mobile homes at the front, providing steady cash flow. Behind the mobile homes, approximately 7 acres of undeveloped land are available for future development. The property's zoning includes Single-Family Rural (S1-1), SZ2-LO, RMHPCL2-1 (Trailer Park), and RV Park / O-OV, supporting traditional residences and rental/mobile home/RV uses. Newer septic systems and upgrades to the mobile homes provide move-in readiness for tenants. The surrounding area is experiencing rapid development due to Pasco County’s population growth, with new residential and commercial projects enhancing infrastructure, access, and amenities. The property is located minutes from Downtown Dade City, US Hwy 301/Hwy 98, State Road 52, and I-75, providing convenient access while maintaining privacy and rural charm. This property is suitable for families seeking country living, developers looking for high-demand land, or investors seeking steady income with upside potential.
Key Highlights
- Immediate income from 9 leased mobile homes.
- 7± acres of undeveloped land for custom home, expanded rentals, or redevelopment.
- Multiple zonings allowing for diverse development options.
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
$51,761
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
5.31%
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%
$1,035,220
$1.0M
Cap Rate 7%
$739,443
$739.4K
Cap Rate 9%
$575,122
$575.1K
Market Conditions
NOI Build-Up for 5,628 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
$101.3K $18.00/SF
− Vacancy
−$7.2K −$1.28/SF
EGI
$94.1K $16.72/SF
− OpEx
−$42.4K −$7.52/SF
NOI
$51.8K $9.20/SF
Area
Pasco County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,035,220
Cap Rate 7%
$739,443
Cap Rate 9%
$575,122
Alternative Uses
Best Use
Apartment 5plus
$739.4K
$647.0K – $862.7K
NOI $51,761 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,742 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10
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 Multifamily 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?
Mobile home & RV park - 10-acre parcel with mobile homes and development opportunities in Dade City.
Where is this mobile home & rv park located?
The property is located at 14638 TREELEAF Ln 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: Immediate income from 9 leased mobile homes.; 7± acres of undeveloped land for custom home, expanded rentals, or redevelopment.; Multiple zonings allowing for diverse development options.
