Flex Space with
For Sale
Contact for pricing
5500 6TH ST, Zephyrhills, FL 33542
Renovated commercial space combines an open showroom with warehouse capacity, private office, restrooms, and secured display windows.
Property Size11,900 SF
Lot Size0.96 Acres
Price / SF$155.46
Days on Market187
Property Features for 5500 6TH ST
General Information
Standard status
Active
Size
11,900 SF
Total Parking Spaces
24
Lot size
0.96 Acres
Property subtype
Retail
Warehouse & Industrial
Clear Height
12 ft
Warehouse Space
2,000 SF
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$15,289
Building Details
Building Size
11,900 SF
Year Built
1972
Listing Agency:
KELLER WILLIAMS RLTY NEW TAMPA
Listed By:
Bobby Welbourn · License #3039822
(352) 235-0334
Source:
Thefullerproperties
Added: Mar 3
Changed: Sep 5
Last Checked: Aug 12 at 6:11AM
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 KELLER WILLIAMS RLTY NEW TAMPA
Investment Insights
Based on property information with market context.
This 11,900-square-foot flex property in downtown Zephyrhills occupies 3 parcels totaling .96 acres. The interior includes a 95' x 112' showroom with ceilings exceeding 10 feet, a counter and cashier area, private office, 2 restrooms, and a 25' x 80' warehouse with 12-foot ceilings and a 10' x 10' roll-up door. The exterior has been updated, and showroom carpeting was installed in 2019. Two large display windows and a glass entry door are fitted with retractable steel security curtains.
The site has frontage along city streets on 3 sides, paved alley access, and a lighted parking area with 17 spaces plus 7 overflow spaces. The property is positioned along downtown thoroughfares and includes an option to acquire an adjoining .24-acre parcel with 75 feet of US301 frontage. The building dates to 1972 and carries broad zoning that supports a wide range of approved uses.
The site has frontage along city streets on 3 sides, paved alley access, and a lighted parking area with 17 spaces plus 7 overflow spaces. The property is positioned along downtown thoroughfares and includes an option to acquire an adjoining .24-acre parcel with 75 feet of US301 frontage. The building dates to 1972 and carries broad zoning that supports a wide range of approved uses.
Key Highlights
- 11,900 square feet across 3 parcels totaling .96 acres
- 95' x 112' showroom with ceilings over 10 feet
- 25' x 80' warehouse with 12' ceilings and a 10' x 10' roll‑up door
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
$128,092
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
6.92%
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%
$2,561,840
$2.6M
Cap Rate 7%
$1,829,886
$1.8M
Cap Rate 9%
$1,423,244
$1.4M
Market Conditions
NOI Build-Up for 11,900 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
$214.2K $18.00/SF
− Vacancy
−$17.1K −$1.44/SF
EGI
$197.1K $16.56/SF
− OpEx
−$69.0K −$5.80/SF
NOI
$128.1K $10.76/SF
Area
Pasco County, FL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,561,840
Cap Rate 7%
$1,829,886
Cap Rate 9%
$1,423,244
Alternative Uses
Best Use
Flex RnD
$1.83M
$1.60M – $2.13M
NOI $128,092 @ 7.0% cap · market cap 6.92%
Second Best
Retail
$1.67M
$1.46M – $1.95M
NOI $116,828 @ 7.0% cap · market cap 6.32%
Theoretical Best
Office A
$2.71M
$2.37M – $3.16M
NOI $189,753 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12 ft
Clear height
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated commercial space combines an open showroom with warehouse capacity, private office, restrooms, and secured display windows.
Where is this flex space located?
The property is located at 5500 6TH ST Zephyrhills, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 11,900 square feet across 3 parcels totaling .96 acres; 95' x 112' showroom with ceilings over 10 feet; 25' x 80' warehouse with 12' ceilings and a 10' x 10' roll‑up door
