Air-Conditioned
For Sale
$1,850,000
5500 6TH Street, Zephyrhills, FL 33542
Commercial Sale, ZEPHYRHILLS, FL
Property Size11,900 SF
Lot Size0.56 Acres
Price / SF$155.46
Days on Market186
Property Features for 5500 6TH Street
General Information
Property type
Commercial Sale
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
Central, Electric (Heating)
Cooling system
Central Air
Amenities
cashier bar
private office
restrooms
warehouse space
roll-up door
lighted parking lot
new showroom carpeting
display windows
steel security curtains
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: Sep 4
Last Checked: Sep 4 at 11:06PM
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.
This 11,900-square-foot showroom property combines an open 95' by 112' retail area with ceilings exceeding 10 feet, a large counter or cashier bar, private office, and two restrooms. The building also includes a 25' by 80' warehouse with 12-foot ceilings and a 10' by 10' roll-up door. Central air conditioning serves the retail space, while the property features block, stucco, and frame construction with a membrane roof.
Exterior improvements include updated retail-style finishes and showroom carpeting installed in 2019. Two large display windows and a glass entry door are fitted with retractable steel security curtains. The site has a lighted parking area with 17 spaces plus 7 overflow spaces, street frontage on three sides, and paved alley access. FBC4 zoning supports a broad range of approved uses.
Exterior improvements include updated retail-style finishes and showroom carpeting installed in 2019. Two large display windows and a glass entry door are fitted with retractable steel security curtains. The site has a lighted parking area with 17 spaces plus 7 overflow spaces, street frontage on three sides, and paved alley access. FBC4 zoning supports a broad range of approved uses.
Key Highlights
- 11,900 square feet of air‑conditioned retail space
- Open 95' by 112' showroom with 10+ feet high ceilings
- 25' by 80' warehouse with 12' ceilings and a 10' by 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
1
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
Balanced
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Showroom - Retail facility with warehouse space, office, restrooms, and secured display windows.
Where is this showroom 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 square feet of air‑conditioned retail space; Open 95' by 112' showroom with 10+ feet high ceilings; 25' by 80' warehouse with 12' ceilings and a 10' by 10' roll‑up door
