Turnkey Bar on Commercial
For Sale
$699,000
5025 Treiman Boulevard, Dade City, FL 33523
Established bar with land for sale in Hernando County.
Property Size2,060 SF
Lot Size1.80 Acres
Price / SF$339.32
Days on Market134
Property Features for 5025 Treiman Boulevard
General Information
Standard status
Active
Size
2,060 SF
Lot size
1.80 Acres
Building Details
Year Built
1960
Listing Agency:
ELITE BROKERS, LLC
Listed By:
Greg DeLaRue
(813) 312-3063
Source:
Chenoregroup
Added: Apr 28
Changed: Sep 8
Last Checked: Sep 8 at 8:29AM
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 ELITE BROKERS, LLC
Investment Insights
Based on property information with market context.
Located in Ridge Manor, Hernando County, this property features a concrete block building constructed in 1960 on a slab foundation. The interior includes male and female bathrooms, a large office space with a closet and bathroom, a walk-in cooler, and storage space. The sale includes three adjacent lots, totaling 1.80 acres of commercially zoned land. The bar operates as a turnkey business with an established clientele. Currently, the bar operates under a beer and wine package license; obtaining a license to sell spirits is believed to have the potential to increase revenue. The roof and HVAC system are approximately 10 years old. The location has a bike score of 26, indicating it is somewhat bikeable, and a walk score of 5, indicating car dependence.
Key Highlights
- Turnkey bar operation with established clientele.
- Commercially zoned 1.80 acre property consisting of four lots.
- Includes a large office space with closet and bathroom.
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
$22,897
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
3.28%
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%
$457,940
$457.9K
Cap Rate 7%
$327,100
$327.1K
Cap Rate 9%
$254,411
$254.4K
Market Conditions
NOI Build-Up for 2,060 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
$32.1K $15.60/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$30.5K $14.82/SF
− OpEx
−$7.6K −$3.70/SF
NOI
$22.9K $11.11/SF
Area
Pasco County, FL
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
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%
$457,940
Cap Rate 7%
$327,100
Cap Rate 9%
$254,411
Alternative Uses
Best Use
Specialty Retail
$327.1K
$286.2K – $381.6K
NOI $22,897 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.3K
$410.6K – $547.5K
NOI $32,848 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
31k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
25,416 visits/mo
0.4 miles
Dollar General
Shops & Services
5,340 visits/mo
0.3 miles
Demographics for 33523, FL
18,540
Population
8,132
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
83%
High-School Grad
105.4 sq mi
ZIP Area
176
Density / Sq Mi
$60,897
Median Household Income
$35,283
Median Earnings
$1,020
Median Rent
$231,700
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.
Similar Off Market Nearby
- millers lighthouse lounge — 5034Mockingbird Dr, Ridge Manor, FL 33523
- Miller's Lighthouse Lounge, Inc — 5025 Treiman Blvd, Ridge Manor, FL 33523
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established bar with land for sale in Hernando County.
Where is this bar & pub located?
The property is located at 5025 Treiman Boulevard Dade City, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Turnkey bar operation with established clientele.; Commercially zoned 1.80 acre property consisting of four lots.; Includes a large office space with closet and bathroom.
