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Three-Suite Storefront Property

LAND O LAKES, FL 34639, Land O Lakes, FL 34639

For Sale
New
$945,000

Commercial Sale, LAND O LAKES, FL

Property Size3,068 SF
Lot Size0.52 Acres
Price / SF$308.02
Days on Market2

Property Features

General Information

Property type Commercial Sale
Property subtype Retail
Zoning C2
Subdivision WILLIS ESTATES
Standard status Active
Size 3,068 SF
Lot size 0.52 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7255

Utilities

Cooling system Central Air

Building Details

Year built 2023
Floors in Building 1
Building materials Block
Buildings 1
Listing Agency: STAR BAY REALTY CORP.
Listed By: Luis Amoretti · License FL #3243614
Added: Nov 11 Changed: Nov 12 Last Checked: Nov 12 at 8:06AM
MLS# TB8563265

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.

Rey
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Investment Insights

Based on property information with market context.

This 3,068-square-foot block storefront property dates to 2023 and has central air conditioning. The building can be divided into three suites, each under 2,000 square feet, with separate street addresses. The stated uses include retail, a small restaurant, and executive offices. The parcel covers 0.52 acres and is zoned C2.

The property fronts Land O Lakes Boulevard (US-41) in Land O Lakes, Florida. The listing identifies proximity to an outlet mall and I-75, as well as the North Tampa area and communities in Pasco County including Lutz and Wesley Chapel.

Key Highlights

  • 3,068‑square‑foot building on 0.52 acres
  • Three potential suites, each under 2,000 square feet, with separate street addresses
  • C2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$36,531
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,620 $730.6K
Cap Rate 7%
$521,871 $521.9K
Cap Rate 9%
$405,900 $405.9K
Market Conditions
NOI Build-Up for 3,068 SF
Gross rent
$55.2K $18.00/SF
− Vacancy
−$3.0K −$0.99/SF
EGI
$52.2K $17.01/SF
− OpEx
−$15.7K −$5.10/SF
NOI
$36.5K $11.91/SF
Area
Pasco County, FL
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$730,620
Cap Rate 7%
$521,871
Cap Rate 9%
$405,900

Alternative Uses

Best Use
Retail
$521.9K
$456.6K – $608.9K (±1% cap)
NOI $36,531 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$956.8K
$837.2K – $1.12M (±1% cap)
NOI $66,977 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Location Intelligence

Trade Area within ½ mile

137
Businesses Nearby
Under-served
Demand for This Use

Demographics for 34639, FL

28,165
Population
11,026
Households
2.6
Avg Household Size
41
Median Age
37%
College-Educated
95%
High-School Grad
27.1 sq mi
ZIP Area
1,039
Density / Sq Mi
$99,959
Median Household Income
$48,929
Median Earnings
$1,949
Median Rent
$361,100
Median Home Value

Market

Average Price Trend$/SF for Storefront properties in Pasco County, FL

$574 Jul
$317 Aug
$332 Sep
$357 Oct

Properties on Market for Storefront properties in Pasco County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Storefront property - C2-zoned commercial space accommodates retail, a small restaurant, or executive offices.
Where is this storefront property located?
The property is located at Land O Lakes, FL.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: 3,068‑square‑foot building on 0.52 acres; Three potential suites, each under 2,000 square feet, with separate street addresses; C2 zoning
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