Manufacturing Building with Fenced
New
For Sale
Contact for pricing
18409 US Hwy 301, Dade City, FL 33523
C2-zoned commercial facility with three-phase power, rear loading, paved parking, and signage along a four-lane US 301/98 corridor.
Property Size10,000 SF
Price / SF$99.99
Days on Market4
Property Features for 18409 US Hwy 301
General Information
Standard status
Active
Size
10,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
William D. Besselieu
(813) 263-5854
Listed By:
William D Besselieu
(813) 263-5854
Source:
Moodyscre
Added: Aug 19
Changed: Aug 22
Last Checked: Aug 22 at 3:46AM
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 William D. Besselieu
Investment Insights
Based on property information with market context.
This 10,000 SF manufacturing and warehouse facility includes approximately 350+/- SF of office area within a metal building. The property has three-phase power, skylights, clear heights of approximately 11’+/- at the eaves and 15’+/- at the ridge, and a rear dock configured for dock or van-high loading. A fenced back yard provides outside storage, while the front includes a broad driveway apron and paved parking area.
The 0.68-acre site fronts a four-lane section of US 301/98 in North Dade City, Florida, with a pylon sign and building signage visible from the roadway. C2 zoning, well/septic service, and Tampa Electric power are in place. The facility is identified for warehouse/showroom use and is offered in as-is, where-is condition with right to inspect. NNN lease terms are also noted in the property information.
The 0.68-acre site fronts a four-lane section of US 301/98 in North Dade City, Florida, with a pylon sign and building signage visible from the roadway. C2 zoning, well/septic service, and Tampa Electric power are in place. The facility is identified for warehouse/showroom use and is offered in as-is, where-is condition with right to inspect. NNN lease terms are also noted in the property information.
Key Highlights
- 10,000 SF metal manufacturing and warehouse building with approximately 350+/- SF of office space
- 0.68 Acre site with fenced back yard for outside storage
- Three‑phase power, skylights, and clear heights of 11’+/- eaves to 15’+/- ridge
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
$80,238
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
8.02%
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%
$1,604,760
$1.6M
Cap Rate 7%
$1,146,257
$1.1M
Cap Rate 9%
$891,533
$891.5K
Market Conditions
NOI Build-Up for 10,000 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
$125.0K $12.50/SF
− Vacancy
−$10.4K −$1.04/SF
EGI
$114.6K $11.46/SF
− OpEx
−$34.4K −$3.44/SF
NOI
$80.2K $8.02/SF
Area
Pasco County, FL
Vacancy
8.30%
Lease Rate
$12.50 /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%
$1,604,760
Cap Rate 7%
$1,146,257
Cap Rate 9%
$891,533
Alternative Uses
Best Use
Retail
$1.40M
$1.23M – $1.64M
NOI $98,175 @ 7.0% cap · market cap 9.82%
Second Best
Warehouse
$1.39M
$1.22M – $1.62M
NOI $97,431 @ 7.0% cap · market cap 9.74%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,456 @ 7.0% cap · market cap 15.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - C2-zoned commercial facility with three-phase power, rear loading, paved parking, and signage along a four-lane US 301/98 corridor.
Where is this manufacturing property located?
The property is located at 18409 US Hwy 301 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: 10,000 SF metal manufacturing and warehouse building with approximately 350+/- SF of office space; 0.68 Acre site with fenced back yard for outside storage; Three‑phase power, skylights, and clear heights of 11’+/- eaves to 15’+/- ridge
