Zephyrhills Redevelopment Opportunity on
5435 GALL Blvd Zephyrhills, FL 33542
For Sale
$3,490,000
22,000+ SF building on 2 acres in Opportunity Zone.
Property Size22,000 SF
Lot Size2.00 Acres
Price / SF$158.64
Days on Market97
Property Features for 5435 GALL Blvd
General Information
Standard status
Active
Size
22,000 SF
Lot size
2.00 Acres
Property subtype
Commercial
Building Details
Year Built
1972
Listing Agency:
Coastal Properties Group International, LLC
(813) 810-3975
Listed By:
Sarah Stone · License #3329568
(813) 810-3975
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 9:08AM
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 Coastal Properties Group International, LLC
Investment Insights
Based on property information with market context.
Located along Gall Boulevard, also known as US 301, this property is situated within an actively planned redevelopment zone in Zephyrhills. The site is within a priority area of the City’s GoingPLACES Mobility Plan, their Redevelopment District, and a designated Opportunity Zone. The concrete block building offers more than 22,000 square feet on a 2-acre lot with on-site parking for approximately 75 or more vehicles. The first floor features a large open lobby, multiple private offices, conference room(s), teller stations, vault areas, storage, break-room, mechanical space, and dual restrooms. The second floor includes 11,019 square feet of additional offices, conference room, open workspace, restrooms, storage, and mechanical areas. The plans reflect a structurally efficient footprint with clear circulation, vertical stair access, and flexible space divisions that support both adaptive reuse and full-scale redevelopment. The property is move-in ready for financial, medical, professional office, or service-based users. It offers capacity for multi-department operations, call centers, back-office workflows, or redevelopment into a modern multi-tenant environment. The roof was replaced in 2022. The annual average daily traffic count is 19,800. Zephyrhills is entering a period of economic expansion, highlighted by two major companies recently committing to the area, which is expected to drive new employment and increase demand for retail, medical, and service-oriented uses along Gall Boulevard.
Key Highlights
- Located in Zephyrhills' actively planned redevelopment zone along the high‑visibility Gall Boulevard/US 301 corridor.
- Zoned Community Commercial (C‑2) and situated within a priority area of the City’s GoingPLACES Mobility Plan, Redevelopment District, and a designated Opportunity Zone (OZ).
- Move‑in ready first floor with large open lobby, private offices, conference room(s), teller stations, vault areas, and more, suitable for financial, medical, or professional office use.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $242.9k | $11.04 |
| − Vacancy | −$44.9k | −$2.04 |
| EGI | $197.9k | $9.00 |
| − OpEx | −$49.5k | −$2.25 |
| NOI | $148.5k | $6.75 |
22,000 SF · lease $11.04/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.12M
$1.86M – $2.47M
NOI $148,460 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.01M
$4.39M – $5.85M
NOI $350,803 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 22,000+ SF building on 2 acres in Opportunity Zone.
Where is this office building located?
The property is located at 5435 GALL Blvd Zephyrhills, FL.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: Located in Zephyrhills' actively planned redevelopment zone along the high‑visibility Gall Boulevard/US 301 corridor.; Zoned Community Commercial (C‑2) and situated within a priority area of the City’s GoingPLACES Mobility Plan, Redevelopment District, and a designated Opportunity Zone (OZ).; **Move‑in ready first floor** with large open lobby, private offices, conference room(s), teller stations, vault areas, and more, suitable for financial, medical, or professional office use.
