Prime Commercial Development
For Sale
$2,300,000
32800 Eiland Boulevard, Wesley Chapel, FL 33545
High-traffic location ideal for retail, restaurant, medical, or automotive businesses.
Property Size29,185 SF
Price / SF$78.81
Days on Market265
Property Features for 32800 Eiland Boulevard
General Information
Standard status
Active
Size
29,185 SF
Building Details
Year Built
1984
Listing Agency:
REALTY ONE GROUP ADVANTAGE
Listed By:
Alex Khoyi · License #BK3261907
(727) 846-7777
Source:
Livewelltampabay
Added: Jan 27
Changed: Oct 11
Last Checked: Oct 7 at 5:09PM
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 REALTY ONE GROUP ADVANTAGE
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Investment Insights
Based on property information with market context.
This commercial property presents a development opportunity in a retail corridor of Wesley Chapel, situated at the intersection of Eiland Boulevard, Morris Bridge Road, and State Road 54. Zoned C-2, the property allows for flexible use options and offers visibility with right-in/right-out access, plus connectivity to a signalized intersection. The location is surrounded by national retailers and service providers, including AutoZone, 7-Eleven, and a car wash. Nearby businesses include Publix, Home Depot, McDonald’s, Wendy’s, Suncoast Credit Union, O’Reilly Auto Parts, Anytime Fitness, Marco’s Pizza, and Subway. AdventHealth is also coming soon to the area. The property is suitable for general retail, quick-service restaurants with drive-thru, medical offices, dental practices, or oil change services. One acre is fully permitted for an automated car wash.
Key Highlights
- Prime commercial development opportunity in a high‑traffic retail corridor at the intersection of Eiland Boulevard/Morris Bridge Road and State Road 54.
- C‑2 zoning offers flexible use options for general retail, quick‑service restaurants, medical offices, and more.
- Excellent visibility with right‑in/right‑out access and connectivity to a signalized intersection.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,946
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,938,920
$3.9M
Cap Rate 7%
$2,813,514
$2.8M
Cap Rate 9%
$2,188,289
$2.2M
Market Conditions
NOI Build-Up for 29,185 SF
Gross rent
$322.2K $11.04/SF
− Vacancy
−$59.6K −$2.04/SF
EGI
$262.6K $9.00/SF
− OpEx
−$65.6K −$2.25/SF
NOI
$196.9K $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 Rate 5%
$3,938,920
Cap Rate 7%
$2,813,514
Cap Rate 9%
$2,188,289
Alternative Uses
Best Use
Specialty Retail
$4.63M
$4.05M – $5.41M
NOI $324,391 @ 7.0% cap · market cap 14.10%
Second Best
Retail
$4.09M
$3.58M – $4.78M
NOI $286,524 @ 7.0% cap · market cap 12.46%
Theoretical Best
Office A
$6.65M
$5.82M – $7.76M
NOI $465,372 @ 7.0% cap · market cap 20.23%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
Explore this area
Business Placement
Demographics for 33545, FL
21,209
Population
8,961
Households
2.4
Avg Household Size
36
Median Age
40%
College-Educated
94%
High-School Grad
26.6 sq mi
ZIP Area
797
Density / Sq Mi
$108,835
Median Household Income
$46,293
Median Earnings
$2,196
Median Rent
$363,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - High-traffic location ideal for retail, restaurant, medical, or automotive businesses.
Where is this commercial land located?
The property is located at 32800 Eiland Boulevard Wesley Chapel, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Prime commercial development opportunity in a high‑traffic retail corridor at the intersection of Eiland Boulevard/Morris Bridge Road and State Road 54.; C‑2 zoning offers flexible use options for general retail, quick‑service restaurants, medical offices, and more.; Excellent visibility with right‑in/right‑out access and connectivity to a signalized intersection.
