Retail Building with Warehouse
For Sale
$1,850,000
5500 6TH Street, Zephyrhills, FL 33542
SINGLE_FAMILY - ZEPHYRHILLS, FL
Property Size11,900 SF
Lot Size0.56 Acres
Price / SF$155.46
Days on Market160
Property Features for 5500 6TH Street
General Information
Property type
Residential
Property subtype
Retail
Zoning
FBC4
Subdivision
CITY ZEPHYRHILLS
Directions
Continue to follow US-301 S, Slight right onto 6th St, Turn left, Destination will be on the left.
Standard status
Active
APN
21-26-11-001.0-090.00-018.0
Size
11,900 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CITY OF ZEPHYRHILLS PB 1 PG 54 LOTS 18 19 20 21 22 23 & 24 BLOCK 90 OR 9754 PG 571
Tax Annual Amount
15289
Legal Description
CITY OF ZEPHYRHILLS PB 1 PG 54 LOTS 18 19 20 21 22 23 & 24 BLOCK 90 OR 9754 PG 571
Utilities
Heating system
Electric (Heating), Central
Cooling system
Central Air
Building Details
Year built
1972
Floors in Building
1
Flooring type
Tile
Building materials
Block, Stucco, Frame
Roof type
Membrane
Listing Agency:
KELLER WILLIAMS RLTY NEW TAMPA · Keller Williams Realty
(813) 994-4422
Listed By:
Bobby Welbourn · License #3039822
(352) 235-0334
Added: Mar 2
Changed: Aug 1
Last Checked: Aug 9 at 10:06AM
MLS# TB8481995
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.
Investment Insights
Based on property information with market context.
11,900 square feet of air-conditioned retail space located in the heart of downtown Zephyrhills, positioned between main street thoroughfares. The building exterior has undergone a renovation to align with current retail style trends. The floor plan includes a large counter/cashier bar, private office, and two restrooms. A 25' x 80' warehouse space is included, featuring 12' ceilings and a 10' x 10' roll-up door.
The showroom area measures 95' x 112' with 10+ feet high ceilings. Entry includes two large display windows and a glass door equipped with retractable steel security curtains. New showroom carpeting was installed in 2019. The property sits on 3 parcels totaling 0.96 acres, with the option to purchase an adjoining 0.24 acres with 75' of US 301 frontage. The lighted parking lot includes 17 spaces plus 7 additional overflow spaces, with city street frontage on 3 sides and paved alley access on the 4th side.
Zoning is FBC4, described as broad and general, offering a wide spectrum of approved uses.
The showroom area measures 95' x 112' with 10+ feet high ceilings. Entry includes two large display windows and a glass door equipped with retractable steel security curtains. New showroom carpeting was installed in 2019. The property sits on 3 parcels totaling 0.96 acres, with the option to purchase an adjoining 0.24 acres with 75' of US 301 frontage. The lighted parking lot includes 17 spaces plus 7 additional overflow spaces, with city street frontage on 3 sides and paved alley access on the 4th side.
Zoning is FBC4, described as broad and general, offering a wide spectrum of approved uses.
Key Highlights
- 11,900 SF air‑conditioned downtown retail building with renovated exterior
- 95' x 112' open showroom with 10+ ft high ceilings, plus two display windows and glass entry door
- Includes 25' x 80' warehouse with 12' ceilings and 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
Warehouse
$1.66M
$1.45M – $1.93M
NOI $115,943 @ 7.0% cap · market cap 6.27%
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
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?
Retail space - Air-conditioned downtown Zephyrhills retail building with showroom, office, and a 25' x 80' warehouse area under 12' ceilings.
Where is this retail space located?
The property is located at 5500 6TH Street 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 SF air‑conditioned downtown retail building with renovated exterior; 95' x 112' open showroom with 10+ ft high ceilings, plus two display windows and glass entry door; Includes 25' x 80' warehouse with 12' ceilings and 10' x 10' roll‑up door
