High-Visibility Retail
For Sale
$299,999
4539 Mile Stretch Drive, Holiday, FL 34690
Commercial building zoned C-2 with flexible layout and two separate entrances, offering strong highway visibility.
Property Size1,944 SF
Price / SF$154.32
Days on Market303
Property Features for 4539 Mile Stretch Drive
General Information
Standard status
Active
Size
1,944 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$2,397
Amenities
Central Air, A/C - Other, Window/Wall Unit
3
Building Details
Year Built
1954
Stories
1
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Demetroula Katechis
Source:
Xome
Added: Oct 25, 2025
Changed: Aug 23
Last Checked: Aug 14 at 7:41AM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This commercially zoned building is available for sale and is designed for flexible occupancy. The property is 1,784 square feet and is described as highly visible, with zoning C-2 that supports multiple uses such as offices, holistic facilities, retail, and small manufacturing. The building can also be separated into two spaces, with two separate entrances, which may support multi-tenant setups or divisible operations. The remarks also note that no flood insurance is required and there is no HOA or monthly fee.
The property is positioned for regional exposure and highway visibility next to US HWY 19. The site is described as having a large customer parking area that could accommodate a car dealership.
Overall, the layout and C-2 zoning are presented as well-suited for retail and commercial services, professional and medical uses, and higher-intensity commercial uses listed in the remarks.
The property is positioned for regional exposure and highway visibility next to US HWY 19. The site is described as having a large customer parking area that could accommodate a car dealership.
Overall, the layout and C-2 zoning are presented as well-suited for retail and commercial services, professional and medical uses, and higher-intensity commercial uses listed in the remarks.
Key Highlights
- Commercial building for sale with 1,784 sqft and C‑2 zoning for multiple uses such as offices, retail, holistic facilities, or small manufacturing
- Zoned C‑2 (general commercial) supporting retail and commercial services, professional offices, medical facilities, and higher‑intensity commercial uses
- Flexible layout with the option to separate into two spaces, each with its own entrance
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
$19,085
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
6.36%
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%
$381,700
$381.7K
Cap Rate 7%
$272,643
$272.6K
Cap Rate 9%
$212,056
$212.1K
Market Conditions
NOI Build-Up for 1,944 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
$29.2K $15.00/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$27.3K $14.03/SF
− OpEx
−$8.2K −$4.21/SF
NOI
$19.1K $9.82/SF
Area
Pasco 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%
$381,700
Cap Rate 7%
$272,643
Cap Rate 9%
$212,056
Alternative Uses
Best Use
Retail
$272.6K
$238.6K – $318.1K
NOI $19,085 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$442.8K
$387.5K – $516.6K
NOI $30,998 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 67%
Dining 22%
Shops & Services 7%
Electronics 4%
Winn-Dixie
Groceries
20,495 visits/mo
0.3 miles
SUBWAY
Dining
4,354 visits/mo
0.0 miles
Save-A-Lot
Groceries
3,895 visits/mo
0.1 miles
Little Caesars Pizza
Dining
3,627 visits/mo
0.0 miles
Fifth Third Bank & ATM
Shops & Services
1,813 visits/mo
0.2 miles
Demographics for 34690, FL
14,115
Population
7,182
Households
2
Avg Household Size
45
Median Age
12%
College-Educated
89%
High-School Grad
3.4 sq mi
ZIP Area
4,151
Density / Sq Mi
$46,167
Median Household Income
$33,824
Median Earnings
$1,225
Median Rent
$152,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Commercial building zoned C-2 with flexible layout and two separate entrances, offering strong highway visibility.
Where is this retail space located?
The property is located at 4539 Mile Stretch Drive Holiday, FL.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Commercial building for sale with 1,784 sqft and C‑2 zoning for multiple uses such as offices, retail, holistic facilities, or small manufacturing; Zoned C‑2 (general commercial) supporting retail and commercial services, professional offices, medical facilities, and higher‑intensity commercial uses; Flexible layout with the option to separate into two spaces, each with its own entrance
