Zephyrhills Retail Space with
For Sale
$1,850,000
5500 6TH STREET, Zephyrhills, FL 33542
Air-conditioned retail space with warehouse in downtown Zephyrhills.
Property Size11,900 SF
Lot Size0.96 Acres
Price / SF$155.46
Days on Market174
Property Features for 5500 6TH STREET
General Information
Standard status
Active
Size
11,900 SF
Lot size
0.96 Acres
Property subtype
Commercial
Zoning
FBC4
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
(352) 235-0334
Listed By:
Bobby Welbourn · License #3039822
(352) 235-0334
Source:
Mbifloridarealty
Added: Mar 2
Changed: Aug 23
Last Checked: Aug 23 at 5:00AM
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 property features 11,900 square feet of air-conditioned retail space in downtown Zephyrhills, situated between main street thoroughfares with high traffic and visibility. The building's exterior has been renovated to reflect current retail trends. The floor plan includes a large counter/cashier bar, a private office, and two restrooms. Additionally, there is a 25'x80' warehouse space with 12' ceilings and a 10'x10' roll-up door. The sale includes three parcels totaling 0.96 acres, with an option to purchase an adjoining 0.24 acres with 75' of US301 frontage. The lighted parking lot provides 17 spaces, plus 7 overflow spaces. The lot has city street frontage on three sides and paved alley access on the fourth side. The zoning is broad and general, allowing for a wide spectrum of approved uses. New showroom carpeting was installed in 2019. The open, spacious 95'x112' showroom features ceilings over 10 feet high. The entry includes two large display windows and a glass door, all equipped with retractable steel security curtains.
Key Highlights
- 11,900 sq ft air conditioned retail space in downtown Zephyrhills with high traffic and visibility.
- Includes a 25'x80' warehouse with 12' ceilings and a 10'x10' roll‑up door.
- Sale includes 0.96 acres across 3 parcels with option to purchase an additional 0.24 acres with US301 frontage.
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
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 retail space with warehouse in downtown Zephyrhills.
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 sq ft air conditioned retail space in downtown Zephyrhills with high traffic and visibility.; Includes a 25'x80' warehouse with 12' ceilings and a 10'x10' roll‑up door.; Sale includes 0.96 acres across 3 parcels with option to purchase an additional 0.24 acres with US301 frontage.
