Land with Existing Retail
9507 Old Lakeland Highway Dade City, FL 33525
For Sale
Contact for pricing
Includes an existing commercial building plus additional acreage for expansion or development near US Hwy 98.
Property Size4,801 SF
Lot Size3.99 Acres
Price / SF$312.43
Days on Market20
Property Features for 9507 Old Lakeland Highway
General Information
Standard status
Active
Size
4,801 SF
Lot size
3.99 Acres
Property subtype
LAND
Listing Agency:
NYE Commercial Advisors
(813) 997-3333
Listed By:
Brent Nye · License #SL3025522
(813) 997-3333
Source:
Moodyscre
Added: Jul 10
Changed: Jul 28
Last Checked: Jul 28 at 5:27AM
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 NYE Commercial Advisors
Investment Insights
Based on property information with market context.
This property offers approximately 3.99 total combined acres, including an existing 4,801 SF commercial building. An additional 2.62 acres are included for expansion or development, supporting flexible future use planning.
The site is located less than 0.25 miles from US Hwy 98, providing convenient highway access for commercial and industrial users.
The combination of an operating building and added acreage makes the parcel suitable for flexible commercial or industrial potential, subject to applicable approvals.
The site is located less than 0.25 miles from US Hwy 98, providing convenient highway access for commercial and industrial users.
The combination of an operating building and added acreage makes the parcel suitable for flexible commercial or industrial potential, subject to applicable approvals.
Key Highlights
- 3.99 total combined acres
- 4,801 SF existing commercial building
- Additional 2.62± acres for expansion or development
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $15.00 |
| − Vacancy | −$4.7k | −$0.98 |
| EGI | $67.3k | $14.03 |
| − OpEx | −$20.2k | −$4.21 |
| NOI | $47.1k | $9.82 |
4,801 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$673.3K
$589.2K – $785.6K
NOI $47,134 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$956.9K – $1.28M
NOI $76,555 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - Includes an existing commercial building plus additional acreage for expansion or development near US Hwy 98.
Where is this commercial land located?
The property is located at 9507 Old Lakeland Highway Dade City, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3.99 total combined acres; 4,801 SF existing commercial building; Additional 2.62± acres for expansion or development
