Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6013 Wesley Grove Blvd Wesley Chapel, FL 33544
    Back to Search
    Property profile & analytics

    6013 Wesley Grove Blvd Wesley Chapel, FL 33544

    View on Map
    • Retail properties & Spaces
    • 471,279 SF
    • 203.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 6013 Wesley Grove Blvd

    Year built
    2007
    Lot size
    203.30 lot acres
    Property size
    471,279 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    The Grove at Wesley Chapel presents a unique investment opportunity in a thriving Florida market. This Class A retail center, totaling 471,279 square feet, sits on a substantial 203.3 acres of land in Pasco County, at 6013 Wesley Grove Blvd, Wesley Chapel, FL 33544. Built in 2007 and renovated in 2021, the property boasts ample parking with 3009 spaces. The center features multiple tenancies, with spaces ranging from 640 square feet to 30,000 square feet currently available. Its strategic location at the I-75 interchange provides over a mile of frontage, ensuring excellent visibility and accessibility. This high-traffic area benefits from its proximity to a rapidly expanding residential community, with over 12,000 residential units under development nearby. The center is anchored by a strong lineup of national and regional retailers, including Dick's Sporting Goods, Ross Dress for Less, TJ Maxx, Best Buy, Planet Fitness, and Old Navy, creating a vibrant and attractive shopping destination. This property offers exceptional potential for investors seeking a high-performing retail asset in one of the fastest-growing and most affluent areas in the United States.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wesley Chapel
    County
    Pasco
    State
    Florida
    Longitude
    -82.3511
    Latitude
    28.2442

    Comparable in this City

    • Value Estimation by Request
      25,000 SF

      Ancient Oaks Blvd

      Restaurants • 25,000 SF
      0 Ancient Oaks Blvd, Wesley Chapel, FL 33544
      View Details
    • Value Estimation by Request
      2,500 SF

      27825 Wesley Chapel Blvd

      Restaurants • 2,500 SF
      27825 Wesley Chapel Blvd, Wesley Chapel, FL 33544
      View Details
    • Value Estimation
      $1,185,000
      6,864 SF

      27342 Wesley Chapel Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,864 SF
      27342 Wesley Chapel Blvd, Wesley Chapel, FL 33544-8403
      View Details
    • Value Estimation
      $5,855,000
      16,830 SF

      27358 Centerline Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 16,830 SF
      27358 Centerline Dr, Wesley Chapel, FL 33544-1532
      View Details
    • Value Estimation
      $1,420,000
      6,672 SF

      1005 Bruce B Downs Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,672 SF
      1005 Bruce B Downs Blvd, Wesley Chapel, FL 33544-9257
      View Details
    • Value Estimation by Request
      192 SF

      27070 Wild Bloom Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 192 SF
      27070 Wild Bloom Dr, Wesley Chapel, FL 33544-6699
      View Details

    Similar Nearby for Sale

    • $95,000

      Restaurant Business Opportunity in Wesley Chapel

      Restaurant business opportunity at The Krate, Wesley Chapel.
      5888 Grand Oro Ln, Wesley Chapel, FL 33544
      View Details
    • Contact for pricing
      1,406 SF

      Take 5 NNN Asset

      NNN leased investment property with zero landlord responsibilities.
      27244 Wesley Chapel Blvd, Wesley Chapel, FL 33544
      View Details
    • Contact for pricing
      5.69 Acres

      Wesley Chapel Commercial Land

      5.69 Acres, Prime Location, High Growth
      7609 Old Pasco Rd, Wesley Chapel, FL 33544
      View Details
    • Contact for pricing

      Development Site in Wesley Chapel

      Prime development site near shopping, entertainment, and sports complex.
      6117 Wesley Grove Blvd, Wesley Chapel, FL 33544
      View Details
    • $93,900
      0.68 Acres

      Expansive Lot in Quail Hollow

      Nearly three-quarters acre lot in sought-after Wesley Chapel.
      6760 Quail Hollow Blvd, Wesley Chapel, FL 33544
      View Details
    • Contact for pricing
      0.25 Acres

      Wesley Chapel Land Opportunity

      Four adjacent lots available in a growing area.
      Unassigned, Wesley Chapel, FL 33544
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Retail Space Available For Lease

      12,000 square feet of retail space for lease.
      Old Pasco Rd, Wesley Chapel, FL 33544
      View Details
    • Contact for pricing

      Premier Retail Destination in Wesley Chapel

      Regional shopping center with high visibility and accessibility.
      6013 Wesley Grove Blvd, Wesley Chapel, FL 33544
      View Details
    • Contact for pricing

      Retail and Medical Space Available

      Suites from 1,300 SF, ideal for various businesses.
      Oakley Blvd & Old Pasco Rd, Wesley Chapel, FL 33544
      View Details
    • Contact for pricing
      1,567 SF

      Retail Space in High-Traffic Center

      Retail space available in a busy, shadow-anchored power center.
      1219-1321 Bruce B Downs Blvd, Wesley Chapel, FL 33544
      View Details
    • Contact for pricing

      Retail Space in Wesley Chapel

      Retail space for lease in a new Wesley Chapel development.
      Bruce B Downs Blvd & Aronwood Blvd, Wesley Chapel, FL 33544
      View Details
    • Contact for pricing
      30,000 SF

      Retail Space at The Grove

      Retail opportunity in Wesley Chapel's premier shopping destination.
      5831-6021 Wesley Grove Blvd, Wesley Chapel, FL 33544
      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.
    6013 Wesley Grove Blvd
    Wesley Chapel, FL 33544
    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
    6013 Wesley Grove Blvd, Wesley Chapel, FL, 33544
    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!