Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    34480 Cortez Blvd Dade City, FL 33523-8908

    • Retail space
    • 4,769 SF
    • 1.50 lot acres
    OFF-MARKET
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4041328
    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

    • Pizza Manor / Take-out & Catering

    Property Details for 34480 Cortez Blvd

    Year built
    1960
    Lot size
    1.50 lot acres
    Property size
    4,769 SF
    Zone code
    C-1
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    R11-423-21-0000-0020-0000
    APU
    R1142321000000200000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $780,000
      6.5%
      $720,000
      7%
      $670,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $557,000
      Market price range: $474k - $1.08M
      AI Estimate
      $401,000
      Market price range: $304k - $781k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $760,000
      Current use
      MEDICAL BUILDING
      $645,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dade City
    County
    Hernando
    State
    Florida
    Longitude
    -82.1718
    Latitude
    28.5069
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,358
    $22,046
    $199,090
    $221,136
    -
    $129,110
    $92,026
    $221,136

    Comparable in this City

    • Value Estimation
      $1,660,000
      9,217 SF

      34464 Cortez Blvd

      STORE, RETAIL OUTLET • 9,217 SF
      34464 Cortez Blvd, Dade City, FL 33523-8908
      View Details
    • Value Estimation
      $685,000
      4,860 SF

      5273 Treiman Blvd

      STORE, RETAIL OUTLET • 4,860 SF
      5273 Treiman Blvd, Dade City, FL 33523-8825
      View Details
    • Value Estimation by Request
      864 SF

      20909 Us Hwy 301

      RETAIL STORES (PERSONAL SERVICES) • 864 SF
      20909 Us Hwy 301, Dade City, FL 33523
      View Details
    • Value Estimation by Request
      1,872 SF

      Dade City, FL 33523

      RETAIL STORES (PERSONAL SERVICES) • 1,872 SF
      Dade City, FL 33523
      View Details
    • Value Estimation by Request
      2,516 SF

      20810 Us Hwy 301

      RETAIL STORES (PERSONAL SERVICES) • 2,516 SF
      20810 Us Hwy 301, Dade City, FL 33523-6621
      View Details
    • Value Estimation by Request
      2,516 SF

      14717 7th St

      RETAIL STORES (PERSONAL SERVICES) • 2,516 SF
      14717 7th St, Dade City, FL 33523-3106
      View Details

    Similar Nearby for Sale

    • New
      $1,500,000
      4,860 SF

      Mixed-Use Property on Highway 301

      High-visibility mixed-use property with owner financing available.
      5273 Treiman Blvd, Dade City, FL 33523
      View Details
    • $2,225,000
      9,301 SF

      Dollar General NNN Investment Opportunity

      NNN Dollar General with zero landlord responsibilities in Dade City.
      14645 7Th St, Dade City, FL 33523
      View Details
    • $550,000
      Pending

      Established Auto Mechanic Business For Sale

      Turn-key auto mechanic business with two buildings and vacant parcel.
      15804 Us Highway 301, Dade City, FL 33523
      View Details
    • $300,000
      1,456 SF

      Duplex in Ridge Manor

      Duplex with separately metered utilities and renovated units.
      34814 Evergreen Way, Dade City, FL 33523
      View Details
    • $36,500
      0.33 Acres

      Residential Lot on Quiet Cul-de-Sac

      0.30-acre residential lot on a paved corner in Dade City.
      Gladiola Ct, Dade City, FL 33523
      View Details
    • Contact for pricing
      0.30 Acres

      Residential Land in Dade City

      0.30-acre lot, build your dream home or invest.
      Turtle St, Dade City, FL 33523
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Dade City Industrial Space Available

      Over 1 million SF of industrial space for lease.
      15486 S 301, Dade City, FL 33523
      View Details
    • Contact for pricing
      1,000,000 SF

      Dade City Industrial Center

      1M SF Distribution/Flex Space, 11 Units
      15486 Us Highway 301, Dade City, FL 33523
      View Details
    • $159,511

      Renovated Office Space on Highway

      Newly renovated office space with flexible build-out options.
      15552 Us Highway 301, Dade City, FL 33523
      View Details
    • Contact for pricing
      7,557 SF

      Dade City Industrial Property

      Industrial property with on-site water treatment and deep water wells.
      15134 Citrus Country Dr, Dade City, FL 33523
      View Details
    • Contact for pricing
      15,440 SF

      Dade City Warehouse with Water

      15,440 SF warehouse with water treatment facility for rent.
      37824 Vitality Way, Dade City, FL 33523
      View Details
    • $3,200 /Mo

      Commercial Land with Highway Frontage

      Prime commercial land with versatile buildings and highway frontage.
      20031 Us Highway 301, Dade City, FL 33523
      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.
    34480 Cortez Blvd
    Dade City, FL 33523-8908
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!