Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Zephyrhills Commercial Land Opportunity Title is generated by Realmo AI

    38650 Co Rd 54, Zephyrhills, FL 33542

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial land for sale in Zephyrhills, Florida.

    Type:Land
    Lot size:
    1.26 Acres
    Added:
    Jul 13, 2025
    Days on Market:
    325
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 38650 Co Rd 54

    General Information

    Standard status
    Active
    Lot size
    1.26 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Shane Billings

    Listing agent Shane Billings License #BK3311270

    Listing office Bridgewater Commercial Real Estate

    Listing date Jul 13, 2025

    Source Crexi

    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 Bridgewater Commercial Real Estate

    HighLights

    • Prime development opportunity in the growing Zephyrhills area.
    • Zoned for commercial use: +/- 0.8 acres C‑1 Neighborhood Commercial District and +/- 0.46 acres C‑2 General Commercial.
    • Site is prepared for new construction: all structures have been removed.
    • Located approximately ¾ mile east of Gall Boulevard (US 301).
    • Approximately 331 feet of frontage on CR‑54.
    • Utilities available: Duke Energy electrical service and City of Zephyrhills water service; sewer lines on CR 54.

    Overview

    This property presents a development opportunity in the Zephyrhills area. Located in unincorporated Pasco County, it comprises two parcels: 38650 CR 54, which is approximately 0.8 acres and zoned C-1 Neighborhood Commercial District, and 38716 CR 54, which is approximately 0.46 acres with Pasco Zoning C-2 General Commercial, generally including all uses allowed in C-1. The current owner purchased the property in December 2024 and removed all structures to prepare the site for a new retail building but is now selling to establish his new business in an existing building. The property has approximately 331 feet of frontage on CR-54 and is located approximately ¾ mile east of Gall Boulevard, also known as US 301. Duke Energy provides electrical service, and the City of Zephyrhills provides water service to the property. Sewer lines are available on CR 54.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Zephyrhills
    County
    Pasco
    State
    Florida
    Longitude
    -82.1765931
    Latitude
    28.2514423

    Nearby Similar for Sale

    • $1,850,000
      11,900 SF

      Zephyrhills Retail Space with Warehouse

      11,900 SF retail space with warehouse in Zephyrhills, FL.
      5500 6TH STREET, ZEPHYRHILLS, FL 33542
      View Details
    • $380,000
      1,924 SF

      Income-Producing Triplex in Zephyrhills, FL

      Well-maintained triplex with three units, ideal for investors.
      38313 TUCKER ROAD, ZEPHYRHILLS, FL 33542
      View Details
    • $3,490,000
      22,231 SF

      Zephyrhills Commercial Property on Gall Boulevard

      22,000+ SF commercial building on 2 acres in Zephyrhills.
      5435 GALL BOULEVARD, ZEPHYRHILLS, FL 33542
      View Details
    • $411,000
      1,080 SF

      Updated Medical Office Near Hospital

      Turnkey medical office near AdventHealth Zephyrhills with long-term tenant.
      38030 MEDICAL CENTER AVENUE, ZEPHYRHILLS, FL 33540
      View Details
    • $850,000

      Spacious Land in Zephyrhills, FL

      4.89 acres of land with potential for custom development.
      8302 WIRE ROAD, ZEPHYRHILLS, FL 33540
      View Details
    • $374,900
      2,097 SF

      Versatile Mixed-Use Property, Zephyrhills

      Mixed-use property with residential and commercial potential in Zephyrhills.
      5335 6TH STREET, ZEPHYRHILLS, FL 33542
      View Details
    • $200,000

      Zephyrhills Land with US301 Frontage

      High-visibility land in a heavy business corridor with broad zoning.
      0 GALL BOULEVARD, ZEPHYRHILLS, FL 33542
      View Details
    • $575,000
      2,679 SF

      Freestanding Restaurant Property on Highway

      Highly visible restaurant on a corner parcel in Zephyrhills.
      5841 GALL Blvd, Zephyrhills, FL 33542
      View Details
    • $360,000

      Wesley Chapel Acreage Opportunity

      3.22 acres in prime Wesley Chapel location.
      TINA MARIE DRIVE, ZEPHYRHILLS, FL 33543
      View Details
    • $270,000
      1,385 SF

      Well-Maintained Zephyrhills Duplex For Sale

      Duplex in Zephyrhills with two units, ideal for investors.
      4920 17TH STREET, ZEPHYRHILLS, FL 33542
      View Details
    • $188,900

      Zephyrhills Vacant Corner Lot Opportunity

      Vacant corner lot suitable for home and business.
      5312 6TH STREET, ZEPHYRHILLS, FL 33542
      View Details
    • $1,850,000
      11,900 SF

      Zephyrhills Retail Space with Warehouse

      Air-conditioned retail space with warehouse in downtown Zephyrhills.
      5500 6TH St, Zephyrhills, FL 33542
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale in Zephyrhills, Florida.
    Where is this commercial land located?
    The property is located at 38650 Co Rd 54 Zephyrhills, FL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Prime development opportunity in the growing Zephyrhills area.; Zoned for commercial use: +/- 0.8 acres C‑1 Neighborhood Commercial District and +/- 0.46 acres C‑2 General Commercial.; Site is prepared for new construction: all structures have been removed.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Shane Billings
    Real Estate License ID: BK3311270
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    38650 Co Rd 54, Zephyrhills, FL 33542
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!