Flexible Mixed-Use
For Sale
$319,000
4539 MILE STRETCH Drive, Holiday, FL 34690
Commercial Sale, HOLIDAY, FL
Property Size1,784 SF
Lot Size0.21 Acres
Price / SF$164.09
Days on Market9
Property Features for 4539 MILE STRETCH Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Subdivision
TAMPA TARPON SPGS LAND CO
Directions
Mile Stretch Drive at the border of Pasco and Pinellas County, this property is in a prime location. Tarpon Springs and Pinellas County are in close proximity, with
Standard status
Active
APN
16-26-30-0010-04600-011.0
Size
1,944 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TAMPA-TARPON SPRINGS LAND CO SUB PB 1 PG 69-70 SOUTH 98.00 FT OF SOUTH 200.00 FT OF NORTH 959.60 FT OF EAST 110.00 FT OF TRACT 46 EXC WEST 15.00 FT FOR ROAD
Tax Annual Amount
2497
Legal Description
TAMPA-TARPON SPRINGS LAND CO SUB PB 1 PG 69-70 SOUTH 98.00 FT OF SOUTH 200.00 FT OF NORTH 959.60 FT OF EAST 110.00 FT OF TRACT 46 EXC WEST 15.00 FT FOR ROAD
Utilities
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Building Details
Year built
1954
Floors in Building
1
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Demetroula Katechis · License #3306127
(845) 633-3723
Added: Sep 3
Changed: Sep 11
Last Checked: Sep 11 at 7:06AM
MLS# TB8545434
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes a block-and-stucco building on a 0.21-acre site. The interior can be configured as two separate areas, with one office connected to a full bathroom and breakroom. A detached storage building adds usable support space, and the fenced grounds include customer parking. Cooling is provided by central air and window or wall units, and the roof is shingle. The building was constructed in 1954.
The property is approximately 200 feet from the signalized intersection of US 19 and Mile Stretch Drive, next to a high-traffic plaza. C2 zoning supports a broad range of commercial applications, including retail, professional offices, medical facilities, restaurants, auto services, and other commercial services. Tampa is approximately 30 miles away, with Tarpon Springs and Pinellas County nearby.
The property is approximately 200 feet from the signalized intersection of US 19 and Mile Stretch Drive, next to a high-traffic plaza. C2 zoning supports a broad range of commercial applications, including retail, professional offices, medical facilities, restaurants, auto services, and other commercial services. Tampa is approximately 30 miles away, with Tarpon Springs and Pinellas County nearby.
Key Highlights
- C2 zoning supports retail, offices, medical facilities, restaurants, auto services, and other commercial uses
- 0.21‑acre fenced commercial site with customer parking
- Approximately 200 feet from the lighted US 19 and Mile Stretch Drive intersection
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
$24,144
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
7.57%
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%
$482,880
$482.9K
Cap Rate 7%
$344,914
$344.9K
Cap Rate 9%
$268,267
$268.3K
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
$42.0K $21.60/SF
− Vacancy
−$3.4K −$1.73/SF
EGI
$38.6K $19.87/SF
− OpEx
−$14.5K −$7.45/SF
NOI
$24.1K $12.42/SF
Area
Pasco County, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$482,880
Cap Rate 7%
$344,914
Cap Rate 9%
$268,267
Alternative Uses
Best Use
Mixed Use
$344.9K
$301.8K – $402.4K
NOI $24,144 @ 7.0% cap · market cap 7.57%
Second Best
Retail
$272.6K
$238.6K – $318.1K
NOI $19,085 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$442.8K
$387.5K – $516.6K
NOI $30,998 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C2-zoned commercial building with divisible interior space, a fenced site, and a separate storage structure.
Where is this mixed-use property located?
The property is located at 4539 MILE STRETCH Drive Holiday, FL.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: C2 zoning supports retail, offices, medical facilities, restaurants, auto services, and other commercial uses; 0.21‑acre fenced commercial site with customer parking; Approximately 200 feet from the lighted US 19 and Mile Stretch Drive intersection
