Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Dean Dairy Rd Zephyrhills, FL 33541
    Property profile & analytics

    Dean Dairy Rd, Zephyrhills, FL 33541

    View on Map
    • Land
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Dean Dairy Rd

    Lot size
    2.00 lot acres
    Property type
    Land
    Property subtype
    Apartment buildings

    Description

    This exceptional 2-acre parcel, located on Dean Dairy Road in Zephyrhills, Florida, presents a prime opportunity for multifamily development. Zoned MF-1, this undeveloped land is ready for an 18-unit project. The property boasts a convenient location near established businesses including Circle K, Zephyrhills Lions Club, Bank Florida, and 7-11, ensuring high visibility and accessibility for future residents. The asking price is $799,000. The property's APN is 09-26-21-0010-01300-0010, as verified by the Pasco County Property Appraiser. This investment-grade land offers significant potential for substantial returns. The site is currently vacant, providing a blank canvas for a developer to create a thriving multifamily community. This is a rare opportunity to acquire a sizable parcel in a desirable location, perfectly suited for a high-demand residential development. The property's zoning allows for multifamily construction, making it an ideal investment for developers seeking to capitalize on the growing demand for housing in the Zephyrhills area. The 33541 zip code offers easy access to local amenities and major transportation routes. This is a turnkey opportunity to build a profitable multifamily complex in a thriving Florida community. Don't miss this chance to acquire this exceptional piece of land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Zephyrhills
    County
    Pasco
    State
    Florida
    Longitude
    -82.2132
    Latitude
    28.2391

    Comparable in this City

    • Value Estimation by Request

      Tucker Rd

      Land
      0 Tucker Rd, Zephyrhills, FL 33541
      View Details
    • Value Estimation by Request

      Fl-56

      Land
      0 Fl-56, Zephyrhills, FL 33541
      View Details
    • Value Estimation by Request
      5.00 Acres

      4200 Lanier Rd

      Land
      4200 Lanier Rd, Zephyrhills, FL 33541
      View Details
    • Value Estimation by Request
      2.00 Acres

      Allen Rd

      Land
      0 Allen Rd, Zephyrhills, FL 33541
      View Details
    • Value Estimation by Request
      4.84 Acres

      39 Chancey Rd & Fl Hwy

      Land
      39 Chancey Rd & Fl Hwy, Zephyrhills, FL 33541
      View Details
    • Value Estimation by Request
      3.00 Acres

      3161 Gall Blvd

      Land
      3161 Gall Blvd, Zephyrhills, FL 33541
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Zephyrhills Vacant Land Opportunity

      10-acre vacant land in a rapidly growing area.
      37435 Chancey Rd, Zephyrhills, FL 33541
      View Details
    • Contact for pricing

      Zephyrhills Land Ready to Develop

      Large triangular lot in 55+ gated community.
      4839 Baker Ave, Zephyrhills, FL 33541
      View Details
    • Contact for pricing

      Prime Retail Site Available

      Divisible retail site at signalized intersection near major retailers.
      8011 Gall Blvd, Zephyrhills, FL 33541
      View Details
    • Contact for pricing

      2.83 Acres Ready to Develop

      2.83-acre property with well, septic, and shop slab.
      4458 Foster Ln, Zephyrhills, FL 33541
      View Details
    • Contact for pricing

      RV Lot with Garage

      RV lot with garage in 55+ gated community.
      35103 Jade Dr, Zephyrhills, FL 33541
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Zephyrhills Land For Lease

      Land available for lease in Zephyrhills, Florida.
      4810 Allen Rd, Zephyrhills, FL 33541
      View Details
    • Contact for pricing

      Zephyrhills Commercial Land for Rent

      Commercial land with direct access, zoned C2, available for rent.
      37042 State Road 54, Zephyrhills, FL 33541
      View Details
    • $44,694
      2,483 SF

      Zephyrhills Medical/Office Space Available

      Medical/office space for lease in Zephyrhills, Florida.
      37802 Medical Arts Ct, Zephyrhills, FL 33541
      View Details
    • Contact for pricing
      1,800 SF

      Retail Spaces Available in Zephyrhills

      Retail spaces for lease, anchored by Hobby Lobby.
      7321-7431 Gall Blvd, Zephyrhills, FL 33541
      View Details
    • Contact for pricing
      41,139 SF

      Zephyrhills Retail Space Available

      Retail space with direct access on Allen Rd.
      4810 Allen Rd, Zephyrhills, FL 33541
      View Details
    • Contact for pricing

      Professional Medical Office Units

      Medical office units for lease in Townview Medical Arts Center.
      37802 Medical Arts Ct, Zephyrhills, FL 33541
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Dean Dairy Rd
    Zephyrhills, FL 33541
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Dean Dairy Rd, Zephyrhills, FL, 33541
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!