Mixed-Use Metal
New
For Sale
$799,000
4802 6TH, Zephyrhills, FL 33542
Corner-lot property combines dedicated office, warehouse, and residential areas in one flexible commercial building.
Property Size4,800 SF
Days on Market2
Property Features for 4802 6TH
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,207
Building Details
Building Size
4,800 SF
Year Built
1990
Buildings
1
Stories
2
Construction
metal
Listed By:
Terry Dickerson
(425) 367-2227
Source:
Elliman
Added: Sep 18
Last Checked: Sep 18 at 2:35PM
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 Terry Dickerson
Investment Insights
Based on property information with market context.
Built in 1990, this metal mixed-use building brings business and residential functions together under one roof. The main level includes three private office areas, two half bathrooms, and a substantial warehouse section suitable for storage, workshop, or business operations. The upper level provides a separate living arrangement with an open living, kitchen, and dining layout, plus two bedrooms and two full bathrooms. Hardwood flooring is used in the kitchen, carpeting finishes the living room and bedrooms, and the bathrooms feature tile floors.
The property occupies a corner lot at 4802 6TH in Zephyrhills, Florida. Its combination of workspace, warehouse capacity, and residential accommodations supports live-work use as well as other office and storage configurations. The location records a Bike Score of 55 and a Walk Score of 47.
The property occupies a corner lot at 4802 6TH in Zephyrhills, Florida. Its combination of workspace, warehouse capacity, and residential accommodations supports live-work use as well as other office and storage configurations. The location records a Bike Score of 55 and a Walk Score of 47.
Key Highlights
- Three separate office spaces on the main level
- Warehouse area paired with office and residential components
- Upper level includes two bedrooms and two full bathrooms
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
$59,616
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
7.46%
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%
$1,192,320
$1.2M
Cap Rate 7%
$851,657
$851.7K
Cap Rate 9%
$662,400
$662.4K
Market Conditions
NOI Build-Up for 4,800 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
$103.7K $21.60/SF
− Vacancy
−$8.3K −$1.73/SF
EGI
$95.4K $19.87/SF
− OpEx
−$35.8K −$7.45/SF
NOI
$59.6K $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%
$1,192,320
Cap Rate 7%
$851,657
Cap Rate 9%
$662,400
Alternative Uses
Best Use
Mixed Use
$851.7K
$745.2K – $993.6K
NOI $59,616 @ 7.0% cap · market cap 7.46%
Second Best
Flex RnD
$738.1K
$645.8K – $861.1K
NOI $51,667 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$1.09M
$956.7K – $1.28M
NOI $76,539 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 33542, FL
22,649
Population
13,600
Households
1.7
Avg Household Size
54
Median Age
16%
College-Educated
89%
High-School Grad
10.4 sq mi
ZIP Area
2,178
Density / Sq Mi
$49,011
Median Household Income
$34,267
Median Earnings
$1,049
Median Rent
$129,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office 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?
Mixed-use property - Corner-lot property combines dedicated office, warehouse, and residential areas in one flexible commercial building.
Where is this mixed-use property located?
The property is located at 4802 6TH Zephyrhills, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three separate office spaces on the main level; Warehouse area paired with office and residential components; Upper level includes two bedrooms and two full bathrooms
