Retail Showroom With
For Sale
Contact for pricing
5500 6TH ST, Zephyrhills, FL 33542
Renovated commercial space features a spacious display area, office, restrooms, and secured customer entry.
Property Size11,900 SF
Lot Size0.96 Acres
Price / SF$155.46
Days on Market189
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
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$15,289
Building Details
Building Size
11,900 SF
Year Built
1972
Buildings
1
Listing Agency:
KELLER WILLIAMS RLTY NEW TAMPA
Listed By:
Bobby Welbourn · License #3039822
(352) 235-0334
Source:
Thefullerproperties
Added: Mar 3
Changed: Sep 7
Last Checked: Sep 7 at 2:43PM
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 showroom property contains 11,900 square feet of air-conditioned retail space, including a 95' x 112' open display area with ceilings exceeding 10 feet. The layout includes a large counter and cashier bar, private office, two restrooms, and a 25' x 80' warehouse with 12' ceilings and a 10' x 10' roll-up door. Two large display windows and a glass entry door are fitted with retractable steel security curtains. Exterior improvements have updated the building’s retail appearance, and showroom carpeting was installed in 2019.
The offering includes three parcels totaling .96 acres at 5500 6TH ST in Zephyrhills, Florida. The site has frontage on three city streets, paved alley access along the fourth side, and a lighted parking area with 17 spaces plus 7 overflow spaces. An adjoining .24 acres with 75' of US301 frontage is also available as an option.
The offering includes three parcels totaling .96 acres at 5500 6TH ST in Zephyrhills, Florida. The site has frontage on three city streets, paved alley access along the fourth side, and a lighted parking area with 17 spaces plus 7 overflow spaces. An adjoining .24 acres with 75' of US301 frontage is also available as an option.
Key Highlights
- 11,900 square feet of air‑conditioned retail space
- 95' x 112' open 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
$116,828
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
6.32%
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%
$2,336,560
$2.3M
Cap Rate 7%
$1,668,971
$1.7M
Cap Rate 9%
$1,298,089
$1.3M
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
$178.5K $15.00/SF
− Vacancy
−$11.6K −$0.98/SF
EGI
$166.9K $14.03/SF
− OpEx
−$50.1K −$4.21/SF
NOI
$116.8K $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 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%
$2,336,560
Cap Rate 7%
$1,668,971
Cap Rate 9%
$1,298,089
Alternative Uses
Best Use
Retail
$1.67M
$1.46M – $1.95M
NOI $116,828 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
122k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 40%
Home Improvements & Furnishings 8%
Ollie's Bargain Outlet
Shops & Services
25,853 visits/mo
0.4 miles
Burger King
Dining
10,495 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
9,953 visits/mo
0.5 miles
Village Inn
Dining
9,447 visits/mo
0.4 miles
Checkers
Dining
9,249 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Renovated commercial space features a spacious display area, office, restrooms, and secured customer entry.
Where is this showroom 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 of air‑conditioned retail space; 95' x 112' open showroom with ceilings over 10 feet; 25' x 80' warehouse with 12' ceilings and a 10' x 10' roll‑up door
