Versatile Commercial Property on
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37143 Clinton Ave, Dade City, FL 33525
4.47 acres with C2 and AR zoning in Dade City.
Property Size6,596 SF
Lot Size4.47 Acres
Price / SF$181.93
Days on Market1040
Property Features for 37143 Clinton Ave
General Information
Standard status
Active
Size
6,596 SF
Lot size
4.47 Acres
Property subtype
Land, Mixed Use, Self Storage
Zoning
C2 & AR
Building Details
Buildings
4
Stories
1
Tenancy
Multi
Listing Agency:
CHARLES RUTENBERG REALTY
Listed By:
Joyce Ann Ellis · License #FL 3344702
(352) 266-2022
Source:
Crexi
Added: Nov 7, 2023
Changed: Aug 16
Last Checked: Sep 12 at 5:46AM
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 CHARLES RUTENBERG REALTY
Investment Insights
Based on property information with market context.
This 4.47-acre commercial property is located along Clinton Ave, offering approximately 142 feet of frontage and a daily traffic count of 11,552. The property features C2 zoning on the front portion, suitable for a range of commercial ventures. The rear 1.96 acres are zoned AR, allowing for additional possibilities such as self-storage units. Situated in a rapidly growing area, the property benefits from over 2000 residential homes under construction or planned within a one-mile radius. The property is suitable for businesses looking to serve a growing community.
Key Highlights
- 4.47 acre commercial property on Clinton Ave.
- C2 zoning on the front portion allows for a broad range of commercial ventures.
- Approximately 142 feet of frontage on a divided highway with high traffic count (11,552 daily).
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
$61,169
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
5.10%
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%
$1,223,380
$1.2M
Cap Rate 7%
$873,843
$873.8K
Cap Rate 9%
$679,656
$679.7K
Market Conditions
NOI Build-Up for 6,596 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
$95.0K $14.40/SF
− Vacancy
−$7.6K −$1.15/SF
EGI
$87.4K $13.25/SF
− OpEx
−$26.2K −$3.97/SF
NOI
$61.2K $9.27/SF
Area
Pasco County, FL
Vacancy
8.00%
Lease Rate
$14.40 /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%
$1,223,380
Cap Rate 7%
$873,843
Cap Rate 9%
$679,656
Alternative Uses
Best Use
Self Storage
$873.8K
$764.6K – $1.02M
NOI $61,169 @ 7.0% cap · market cap 5.10%
Second Best
Industrial
$756.1K
$661.6K – $882.1K
NOI $52,925 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $105,177 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 33525, FL
18,620
Population
8,700
Households
2.1
Avg Household Size
48
Median Age
28%
College-Educated
90%
High-School Grad
96.0 sq mi
ZIP Area
194
Density / Sq Mi
$69,697
Median Household Income
$42,178
Median Earnings
$1,045
Median Rent
$228,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - 4.47 acres with C2 and AR zoning in Dade City.
Where is this commercial land located?
The property is located at 37143 Clinton Ave Dade City, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 4.47 acre commercial property on Clinton Ave.; C2 zoning on the front portion allows for a broad range of commercial ventures.; Approximately 142 feet of frontage on a divided highway with high traffic count (11,552 daily).
