8-Unit Strip
New
For Sale
$765,000
5345 MILE STRETCH Drive, Holiday, FL 34690
Commercial Sale, HOLIDAY, FL
Property Size5,664 SF
Lot Size0.77 Acres
Price / SF$135.06
Days on Market3
Property Features for 5345 MILE STRETCH Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Security features
Security System
Subdivision
TAMPA TARPON SPGS LAND CO
Directions
US 19/ East on Mile Stretch/1 mile on north side.
Standard status
Active
APN
16-26-29-0010-05900-0020
Size
5,664 SF
Lot size
0.77 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax 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
Tax Annual Amount
7430
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
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Floors in Building
1
Number of units
8
Building materials
Block, Stucco
Roof type
Built-Up
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Patricia Spoeth · License #503840
(727) 808-1000
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 31 at 9:06AM
MLS# W7890559
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.
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Investment Insights
Based on property information with market context.
This 8-unit strip center contains 5,664 square feet across suites ranging from 600 to 960 square feet. Built in 1976, the property has block and stucco construction, central heating and air conditioning, and a built-up roof. The roof and air-conditioning systems were updated in 2017–2018. Tenants pay utilities, excluding water and sewer.
The 0.77-acre property is on Mile Stretch Drive in Holiday, one mile east of U.S. 19. Mile Stretch carries 12,300 vehicles per day. The property is zoned C2 and has public water and sewer service.
The 0.77-acre property is on Mile Stretch Drive in Holiday, one mile east of U.S. 19. Mile Stretch carries 12,300 vehicles per day. The property is zoned C2 and has public water and sewer service.
Key Highlights
- Eight suites, all leased
- 5,664 square feet; suite sizes range from 600 to 960 square feet
- 0.77‑acre site zoned C2
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
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - All eight suites are leased, with tenants responsible for most utility costs.
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: Eight suites, all leased; 5,664 square feet; suite sizes range from 600 to 960 square feet; 0.77‑acre site zoned C2
