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

    12304 Happy Hill Rd Dade City, FL 33525

    • Commercial real estate
    • 1,980 SF
    • 0.66 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4992582
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 12304 Happy Hill Rd

    Year built
    1984
    Lot size
    0.66 lot acres
    Property size
    1,980 SF
    Property type
    Commercial real estate
    APN
    05-25-21-0020-00A00-0150

    Description

    This 1,980 sq ft vacant office building in Dade City, FL presents a compelling redevelopment opportunity. Situated on a 0.66-acre corner lot (APN: 05-25-21-0020-00A00-0150) with high visibility and accessibility, this single-story, 1984-built structure (renovated in 1984) offers two units and is zoned PO2. The asking price is $799,000, translating to $403.54 per square foot. Its prime location ensures easy access from major roads and highways, with proximity to local amenities. The ample lot size allows for potential expansion and sufficient parking. This property is ideal for a variety of professional services, including medical offices, legal firms, or financial institutions seeking a prominent Dade City presence. The building's vacant status provides flexibility for customization and immediate occupancy. This is a chance to acquire a well-positioned asset in a growing market. The property's high visibility and convenient location make it an attractive investment for those seeking a strong return. The building's existing infrastructure provides a solid foundation for a successful redevelopment project.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dade City
    County
    Pasco
    State
    Florida
    Longitude
    -82.237130812713
    Latitude
    28.336636328011

    Comparable in this City

    • $325,000
      1,248 SF

      Dade City Office For Sale

      Prime office building in Dade City's business district.
      38016 Pasco Ave, Dade City, FL 33525
      View Details
    • $1,200,000
      4.00 Acres

      37143 Clinton Ave

      Self storage facilities • 6,596 SF
      37143 Clinton Ave, Dade City, FL 33525
      View Details
    • $1,200,000
      6,048 SF

      Income-Producing Land in Dade City

      10-acre site with income potential in Dade City, Florida.
      14638 Treeleaf Ln, Dade City, FL 33525
      View Details
    • $550,000

      16-Acre Parcel on Curley Road

      16-acre parcel perfect for a private retreat.
      Curley Rd, Dade City, FL 33525
      View Details
    • $400,000
      7.11 Acres

      7 Acres Agricultural/Residential Land

      7+ acres of land suitable for agricultural or residential use.
      St Joe Rd, Dade City, FL 33525
      View Details
    • $21,650,000
      86.65 Acres

      Residential Development Land Opportunity

      86.65 acres suitable for medium to high density development.
      38746 Clinton Ave, Dade City, FL 33525
      View Details

    Similar Nearby for Sale

    • $325,000
      1,248 SF

      Dade City Office For Sale

      Prime office building in Dade City's business district.
      38016 Pasco Ave, Dade City, FL 33525
      View Details
    • $1,200,000
      4.00 Acres

      37143 Clinton Ave

      Self storage facilities • 6,596 SF
      37143 Clinton Ave, Dade City, FL 33525
      View Details
    • $1,200,000
      6,048 SF

      Income-Producing Land in Dade City

      10-acre site with income potential in Dade City, Florida.
      14638 Treeleaf Ln, Dade City, FL 33525
      View Details
    • $400,000
      7.11 Acres

      7 Acres Agricultural/Residential Land

      7+ acres of land suitable for agricultural or residential use.
      St Joe Rd, Dade City, FL 33525
      View Details
    • $550,000

      16-Acre Parcel on Curley Road

      16-acre parcel perfect for a private retreat.
      Curley Rd, Dade City, FL 33525
      View Details
    • $21,650,000
      86.65 Acres

      Residential Development Land Opportunity

      86.65 acres suitable for medium to high density development.
      38746 Clinton Ave, Dade City, FL 33525
      View Details

    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
      View Details
    • $38,000

      Dade City Office/Retail Space

      Office and retail space available for lease in Dade City.
      36739 203, Dade City, FL 33525
      View Details
    • $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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    12304 Happy Hill Rd
    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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