Fully Leased Strip
New
For Sale
$765,000
5345 MILE STRETCH DRIVE, Holiday, FL 34690
Eight retail units are occupied, with tenants covering utilities other than water and sewer.
Property Size5,664 SF
Price / SF$135.06
Days on Market3
Property Features for 5345 MILE STRETCH DRIVE
General Information
Standard status
Active
Size
5,664 SF
Property subtype
Business
Occupancy
100%
Site & Location
Traffic Count
12,300 vehicles/day
Utilities to Site
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Amenities
0.77 acres, Dimensions: 200' x 134' x 200' x 134'
Built-Up
Public Sewer
Additional parcels description:, Parcel Number: 16-26-29-0010-05900-0020, Public Survey Range: 16E, Public Survey Section: 29, Annual Amount: $7,430.09, Tax Block: 05900, Tax Book Number: 1-68-70, Legal Description: TAMPA-TARPON SPRINGS LAND COMPANY SUB PB 1 PGS 68-70 PORTION OF TRACT 59 DESC AS: COM AT SE COR OF SW1/4 OF SEC 29 TH N89DG 42' 02"W 440.81 FT TO SE COR OF TRACT 59 FOR POB TH CONT N89DG 42' 02"W 200.00 FT TH N00DG 03' 03"E 168 FT TH S89DG 42' 02"E 2 00.00 FT TH S00DG 03' 03"W 168 FT TO POB LESS THE SOUTH 33 FT THEREOF FOR ROAD R/W, Lot: 0020, Year: 2025, Zoning: C2
Gross ScheduledIncome: $64,106, Parking
Central Air
Central
Listing ID: MFRW7890559, Standard Status: Active, MLS Status: Active, Property Subtype: Business, On market as of 2026-10-29, Special Conditions: None
Built in 1976, Living area: 5664, Living area units: Square Feet, Building faces South, 1 storey, Levels: One, Construction Materials: Block, Stucco
Subdivision: TAMPA TARPON SPGS LAND CO, MLS Area (Major): 34690 - Holiday/Tarpon Springs, County/Parish: Pasco
Completed
Water Source: Public, Separate Meters
Slab
Close Of Escrow
Frontage Type: County Road, Road Responsibility: Public Maintained Road, Road Surface: Paved
Closed Circuit Camera(s), Security System
Building Details
Year Built
1976
Year Renovated
2018
Tenancy
Multi
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Patricia Spoeth · License #503840
(727) 808-1000
Source:
Miharaandassociates
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 11:16AM
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 DALTON WADE INC
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Investment Insights
Based on property information with market context.
This 8-unit strip center contains suites ranging from 600 to 960 square feet. The property is fully leased, and tenants pay their own utilities except for water and sewer. The building dates to 1976, with roof and air-conditioning work completed in 2017–2018.
The center fronts Mile Stretch in Holiday, Florida, one mile east of U 19. Daily traffic on Mile Stretch is reported at 12,300. Several tenants have occupied their spaces for an extended period; most operate by appointment only.
The center fronts Mile Stretch in Holiday, Florida, one mile east of U 19. Daily traffic on Mile Stretch is reported at 12,300. Several tenants have occupied their spaces for an extended period; most operate by appointment only.
Key Highlights
- 8 retail units, each ranging from 600 to 960 square feet
- Fully leased with many long‑term tenants
- Roof and air‑conditioning systems updated in 2017–2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,606
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,112,120
$1.1M
Cap Rate 7%
$794,371
$794.4K
Cap Rate 9%
$617,844
$617.8K
Market Conditions
NOI Build-Up for 5,664 SF
Gross rent
$85.0K $15.00/SF
− Vacancy
−$5.5K −$0.98/SF
EGI
$79.4K $14.03/SF
− OpEx
−$23.8K −$4.21/SF
NOI
$55.6K $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 Rate 5%
$1,112,120
Cap Rate 7%
$794,371
Cap Rate 9%
$617,844
Alternative Uses
Best Use
Retail
$794.4K
$695.1K – $926.8K
NOI $55,606 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,316 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
12,300 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Family Dollar
Shops & Services
5,172 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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Eight retail units are occupied, with tenants covering utilities other than water and sewer.
Where is this strip mall located?
The property is located at 5345 MILE STRETCH DRIVE Holiday, FL.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 8 retail units, each ranging from 600 to 960 square feet; Fully leased with many long‑term tenants; Roof and air‑conditioning systems updated in 2017–2018
