Shopping Center with Dual
For Sale
$2,490,000
1600 ACHIEVA Way, Dunedin, FL 34698
Commercial Sale, DUNEDIN, FL
Property Size8,287 SF
Lot Size0.56 Acres
Price / SF$300.47
Days on Market9
Property Features for 1600 ACHIEVA Way
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From US 19N turn left on Main St in Clearwater location and drive west 2.2 miles to turn left on Keene Rd and next traffic light turn left on Achieva Way
Subdivision
34698 - Dunedin
Standard status
Active
APN
25-28-15-00000-330-0210
Size
8,287 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PT OF SW 1/4 OF SW 1/4 DESC AS FR SW COR OF SEC TH E 277.89FT ALG S SEC LINE TH N 40FT FOR POB TH N 200FT TH E 122.15FT TH S01DE 183.01FT TH W 2FT TH S 17FT TH W 121.76FT ALG N R/W ACHIEVA WAY TO POB
Tax Annual Amount
8685
Legal Description
PT OF SW 1/4 OF SW 1/4 DESC AS FR SW COR OF SEC TH E 277.89FT ALG S SEC LINE TH N 40FT FOR POB TH N 200FT TH E 122.15FT TH S01DE 183.01FT TH W 2FT TH S 17FT TH W 121.76FT ALG N R/W ACHIEVA WAY TO POB
Utilities
Cooling system
Central Air
Building Details
Year built
1987
Floors in Building
1
Building materials
Block
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Dan Lanhaus · License #3096368
(727) 992-3435
Added: Sep 8
Changed: Sep 16
Last Checked: Sep 16 at 10:06PM
MLS# TB8546734
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.
This shopping center includes 8,287 square feet of commercial space on a 24,424-square-foot lot, or 0.56 acres. The property was built in 1987 and features block construction with central air conditioning. Access is available from two roads, with street frontage and on-site parking supporting customer and tenant circulation.
The property is located at 1600 Achieva Way in Dunedin, Florida, approximately 3 miles west of Countryside Mall and 6 minutes from Victoria Drive and the Intracoastal Waterway. The offering is for the real estate only; businesses operating within the plaza are not included.
The property is located at 1600 Achieva Way in Dunedin, Florida, approximately 3 miles west of Countryside Mall and 6 minutes from Victoria Drive and the Intracoastal Waterway. The offering is for the real estate only; businesses operating within the plaza are not included.
Key Highlights
- 8,287‑square‑foot shopping center
- 24,424‑square‑foot lot totaling 0.56 acres
- Access from two roads with street frontage
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
$81,358
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
3.27%
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%
$1,627,160
$1.6M
Cap Rate 7%
$1,162,257
$1.2M
Cap Rate 9%
$903,978
$904.0K
Market Conditions
NOI Build-Up for 8,287 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
$124.3K $15.00/SF
− Vacancy
−$8.1K −$0.98/SF
EGI
$116.2K $14.03/SF
− OpEx
−$34.9K −$4.21/SF
NOI
$81.4K $9.82/SF
Area
Pinellas 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%
$1,627,160
Cap Rate 7%
$1,162,257
Cap Rate 9%
$903,978
Alternative Uses
Best Use
Retail
$1.16M
$1.02M – $1.36M
NOI $81,358 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.51M
NOI $150,886 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34698, FL
38,010
Population
22,016
Households
1.7
Avg Household Size
56
Median Age
36%
College-Educated
95%
High-School Grad
11.2 sq mi
ZIP Area
3,394
Density / Sq Mi
$67,323
Median Household Income
$44,747
Median Earnings
$1,571
Median Rent
$335,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center with access from two roads, central air, and block construction.
Where is this shopping center located?
The property is located at 1600 ACHIEVA Way Dunedin, FL.
What is the asking price?
The asking price for this property is $2,490,000.
What are key features of this property?
This property features: 8,287‑square‑foot shopping center; 24,424‑square‑foot lot totaling 0.56 acres; Access from two roads with street frontage
