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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12504-12634 Us Highway 301 Dade City, FL 33525

    • Neighborhood centers
    • 75,155 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 12504-12634 Us Highway 301

    Property size
    75,155 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    Morningside Plaza, located at 12504-12634 US Hwy 301 in Dade City, Florida, 33525, presents a prime retail opportunity. This strip center boasts a total of 75,155 square feet of leasable space, currently offering one available unit. The available space measures 1,493 square feet, ideal for a variety of retail businesses seeking high visibility and convenient access. Situated in Pasco County, the property benefits from its strategic location on a major highway, ensuring significant foot and vehicle traffic. The address provides easy access for customers and employees alike. This is a multi-tenant property, offering the potential for synergy with established businesses. The property's size and location make it an attractive option for businesses looking to establish or expand their presence in the Dade City market. The property is well-suited for a variety of retail uses, offering a strong opportunity for growth and profitability. Interested parties are encouraged to inquire about lease terms and availability. The property's location on US Highway 301 provides excellent visibility and accessibility for potential customers. This is a rare opportunity to secure retail space in a thriving Dade City location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Dade City
    County
    Pasco
    State
    Florida
    Longitude
    -82.1871
    Latitude
    28.3397

    Comparable in this City

    • Value Estimation by Request
      37,024 SF

      36739 Co Rd

      Coworking space • 37,024 SF
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    • Value Estimation by Request
      704 SF

      39410 Gloryland Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 704 SF
      39410 Gloryland Dr, Dade City, FL 33525
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    • Value Estimation by Request
      300 SF

      38145 Williams Aire St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 300 SF
      38145 Williams Aire St, Dade City, FL 33525-6028
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    • Value Estimation by Request
      10,640 SF

      9563 Old Lakeland Hwy

      Individual retail properties • 10,640 SF
      9563 Old Lakeland Hwy, Dade City, FL 33525
      View Details
    • Value Estimation
      $1,185,000
      3,520 SF

      12150 Us Hwy 301

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,520 SF
      12150 Us Hwy 301, Dade City, FL 33525-6021
      View Details
    • Value Estimation by Request
      2,800 SF

      13135 Us-301

      Restaurants • 2,800 SF
      13135 Us-301, Dade City, FL 33525
      View Details

    Similar Nearby for Sale

    • $229,000
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      Dade City Retail Building - $229K

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      10736 Us Highway 301, Dade City, FL 33525
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      7,097 SF

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      Turn-Key Automotive Dealership Opportunity

      Legacy-owned automotive dealership with excellent exposure and commercial zoning.
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      Freestanding Building on Highway 301

      1,513 SF building on a 9,173 SF lot.
      10405 Us Highway 301, Dade City, FL 33525
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    Similar Nearby for Lease

    • $20 SF/Yr
      37,024 SF

      Lynan Professional Center

      Coworking space • 37,024 SF
      36739 Co Rd 52, Dade City, FL 33525
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    • $38,000

      Dade City Office/Retail Space

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    • $37,500

      Retail Space on US Highway

      Retail space available for lease on US Highway 301.
      12311 Us Highway 301, Dade City, FL 33525
      View Details
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    12504-12634 Us Highway 301
    Dade City, FL 33525
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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