Mixed-Use Land with Warehouse
37150 Chancey Road ZEPHYRHILLS Zephyrhills, FL 33541
37150 Chancey Road ZEPHYRHILLS, Zephyrhills, FL, 33541
$4,500,000
For Sale
$4,500,000
Mixed zoning includes A-R and C-2 with existing residential and warehouse structures plus a long-term cell tower lease.
Property Size17,600 SF
Lot Size12.64 Acres
Price / SF$255.68
Days on Market8
Property Features for 37150 Chancey Road ZEPHYRHILLS
General Information
- Standard status
- Active
- Size
- 17,600 SF
- Lot size
- 12.64 Acres
- Property subtype
- Land
Listing Agency
RE/MAX PALM REALTY OF VENICE
(941) 451-2025
Listed by
Ginny Powers · License #3381218
(941) 451-2025
Source
Palm-realty-south-venice-fl.remax
Added: Jul 10 Checked: Jul 17 at 2:17 am
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 RE/MAX PALM REALTY OF VENICE
Investment Insights
Based on property information with market context.
The Chancey Road assemblage offers approximately 12.64± acres of mixed-use land with existing improvements that include residential structures, warehouse space, vacant land, and approximately 17,600 SF of existing building area. The property also includes income-producing components, including a long-term cell tower lease extending through 2049 with annual rent increases, and an existing gymnastics center tenant providing in-place cash flow through September 2026.
The site is located along Chancey Road with strong road frontage and multiple access points. It is described as being just minutes from US-301 and Downtown Zephyrhills, with convenient access to Wesley Chapel, Downtown Tampa and Ybor City, Tampa International Airport, and Orlando.
Zoning is identified as a blend of A-R (Agricultural Residential) and C-2 (General Commercial), supporting a range of potential redevelopment approaches. The property is also noted as being within the East Pasco Economic Development Zone.
The site is located along Chancey Road with strong road frontage and multiple access points. It is described as being just minutes from US-301 and Downtown Zephyrhills, with convenient access to Wesley Chapel, Downtown Tampa and Ybor City, Tampa International Airport, and Orlando.
Zoning is identified as a blend of A-R (Agricultural Residential) and C-2 (General Commercial), supporting a range of potential redevelopment approaches. The property is also noted as being within the East Pasco Economic Development Zone.
Key Highlights
- 12.64± acre mixed‑use assemblage with A‑R (Agricultural Residential) and C‑2 (General Commercial) zoning
- Includes approximately 17,600 SF of existing building area plus residential structures, warehouse space, and vacant land
- Income‑producing cell tower lease in place through 2049 with annual rent increases
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $220.0k | $12.50 |
| − Vacancy | −$18.3k | −$1.04 |
| EGI | $201.7k | $11.46 |
| − OpEx | −$30.3k | −$1.72 |
| NOI | $171.5k | $9.74 |
17,600 SF · lease $12.50/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.45M
$2.14M – $2.86M
NOI $171,479 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,643 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
East Pasco Gymnastics
Gym & Fitness Center
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Mixed zoning includes A-R and C-2 with existing residential and warehouse structures plus a long-term cell tower lease.
Where is this commercial land located?
The property is located at 37150 Chancey Road ZEPHYRHILLS Zephyrhills, FL.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 12.64± acre mixed‑use assemblage with A‑R (Agricultural Residential) and C‑2 (General Commercial) zoning; Includes approximately 17,600 SF of existing building area plus residential structures, warehouse space, and vacant land; Income‑producing cell tower lease in place through 2049 with annual rent increases
