Turn-Key Auto Shop
For Sale
$550,000
Pending
15804 US HIGHWAY 301, Dade City, FL 33523
COMMERCIAL - DADE CITY, FL
Property Size2,108 SF
Lot Size0.17 Acres
Days on Market1110
Property Features for 15804 US HIGHWAY 301
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Appliances
Refrigerator
Directions
From Hwy 301 North, Property is just past A and K Lighting
Subdivision
33523 - Dade City/Ridge Manor
Standard status
Pending
APN
21-24-22-000.0-024.00-006.0
Size
2,108 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2022
Tax Description
NORTHERLY 1/2 OF FOLLOWING DESC PARCEL COM AT SW CORNER OF NE1/4 TH ALG SOUTH LINE OF NE1/4 TH N89DG 51' 36"E 717.94 FT TH N00DG 08' 24"W 1562.86 FT TO POINT ON ELY R/W OF US 301 TH NLY ALG R/W 29.18 FT ALG ARC OF CURVE CONCAVE TO WEST CENTRAL ANGLE OF 00DG 17' 18" RADIUS OF 5797.58 FT FOR POB TH CONT NLY ALG R/W 68.13 FT ALG ARC OF CURVE CONCAVE TO WEST CENTRAL ANGLE OF 00DG 40' 24" RADIUS 5797.58 FT TH N81DG 00' 00"E 229.57 FT TO WLY R/W LINE OF SCL RR TH SLY ALG R/W 71.96 FT ALG ARC OF CURVE CONCAVE TO EAST CENTRAL ANGLE 00DG 42' 26" RADIUS 5829.65 FT TH S81DG 00' 00"W 201.48 FT TO POB AKA PORTION OF PARCEL 6 SAID PROPERTY SUBJECT TO & TOGETHER WITH EASEMENTS FOR INGRESS & EGRESS & UTILITIES AS PER OR 1627 PG 1535 OR 3659 PG 1856
Tax Annual Amount
1267
Legal Description
NORTHERLY 1/2 OF FOLLOWING DESC PARCEL COM AT SW CORNER OF NE1/4 TH ALG SOUTH LINE OF NE1/4 TH N89DG 51' 36"E 717.94 FT TH N00DG 08' 24"W 1562.86 FT TO POINT ON ELY R/W OF US 301 TH NLY ALG R/W 29.18 FT ALG ARC OF CURVE CONCAVE TO WEST CENTRAL ANGLE OF 00DG 17' 18" RADIUS OF 5797.58 FT FOR POB TH CONT NLY ALG R/W 68.13 FT ALG ARC OF CURVE CONCAVE TO WEST CENTRAL ANGLE OF 00DG 40' 24" RADIUS 5797.58 FT TH N81DG 00' 00"E 229.57 FT TO WLY R/W LINE OF SCL RR TH SLY ALG R/W 71.96 FT ALG ARC OF CURVE CONCAVE TO EAST CENTRAL ANGLE 00DG 42' 26" RADIUS 5829.65 FT TH S81DG 00' 00"W 201.48 FT TO POB AKA PORTION OF PARCEL 6 SAID PROPERTY SUBJECT TO & TOGETHER WITH EASEMENTS FOR INGRESS & EGRESS & UTILITIES AS PER OR 1627 PG 1535 OR 3659 PG 1856
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
Metal Frame, Metal Siding
Roof type
Metal
Listing Agency:
KELLER WILLIAMS REALTY NEW TAMPA
(813) 994-4422
Listed By:
Erica Shireman · License #3236412
(813) 713-1980
Added: Jul 31, 2023
Changed: Aug 4
Last Checked: Aug 13 at 11:06AM
MLS# T3462628
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Turn-key auto mechanic business with over 30 years of operation, offered on a C2-zoned commercial site. The property includes two buildings plus a vacant parcel, totaling over 4,000 square feet of space, with four 14-foot high bays and two lifts. Additional improvements include two large loft areas for storage, two bathrooms (one full and one half), two office spaces, and a brake lathe.
The property is located at 15804 US HIGHWAY 301 in Dade City, Florida, within Pasco County. The lot size is 0.17 acres, providing the developed facility and an additional vacant parcel for flexibility on-site.
The workshop configuration includes multiple work areas supported by the high bays, lifts, and built-in offices and restrooms, with the loft storage intended to support day-to-day operations.
The property is located at 15804 US HIGHWAY 301 in Dade City, Florida, within Pasco County. The lot size is 0.17 acres, providing the developed facility and an additional vacant parcel for flexibility on-site.
The workshop configuration includes multiple work areas supported by the high bays, lifts, and built-in offices and restrooms, with the loft storage intended to support day-to-day operations.
Key Highlights
- Auto mechanic business with 2 buildings plus a vacant parcel
- 4,000+ SF metal‑frame buildings with 4 roll‑up 14‑ft high bays and two lifts
- Includes 2 loft areas for storage, two office spaces, and 2 bathrooms (1 full, 1 half)
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
$20,695
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
3.76%
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%
$413,900
$413.9K
Cap Rate 7%
$295,643
$295.6K
Cap Rate 9%
$229,944
$229.9K
Market Conditions
NOI Build-Up for 2,108 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
$31.6K $15.00/SF
− Vacancy
−$2.1K −$0.98/SF
EGI
$29.6K $14.03/SF
− OpEx
−$8.9K −$4.21/SF
NOI
$20.7K $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%
$413,900
Cap Rate 7%
$295,643
Cap Rate 9%
$229,944
Alternative Uses
Best Use
Retail
$295.6K
$258.7K – $344.9K
NOI $20,695 @ 7.0% cap · market cap 3.76%
Second Best
Industrial
$241.6K
$211.4K – $281.9K
NOI $16,914 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$480.2K
$420.2K – $560.2K
NOI $33,613 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
4
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33523, FL
18,540
Population
8,132
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
83%
High-School Grad
105.4 sq mi
ZIP Area
176
Density / Sq Mi
$60,897
Median Household Income
$35,283
Median Earnings
$1,020
Median Rent
$231,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Veterans Auto — 15146 14th St, Dade City, FL 33523
- Mobile Mechanic Team Dade City — 15146 14th St, Dade City, FL 33523
- Santillan Tire llc — 15051 US-301, Dade City, FL 33523
- Tire shop — 15432 14th St, Dade City, FL 33523
- High Low Customs — 19014 US-301, Dade City, FL 33523
Frequently Asked Questions
What type of property is this?
Auto shop - Turn-key auto mechanic business on C2-zoned site with multiple bays, lifts, offices, and storage lofts across two buildings.
Where is this auto shop located?
The property is located at 15804 US HIGHWAY 301 Dade City, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Auto mechanic business with 2 buildings plus a vacant parcel; 4,000+ SF metal‑frame buildings with 4 roll‑up 14‑ft high bays and two lifts; Includes 2 loft areas for storage, two office spaces, and 2 bathrooms (1 full, 1 half)
