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

    37838 Pasco Ave Dade City, FL 33525-4211

    • Retail space
    • 3,000 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Jan 31, 2024
    $630,000
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    4.7%
    Retail space
    Location Intelligence
    Property ID
    US18-7039775
    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

    • Magnolia Title Agency LLC / Title Company

    Property Details for 37838 Pasco Ave

    Year built
    1950
    Lot size
    0.23 lot acres
    Property size
    3,000 SF
    Zone code
    0CBD
    Property type
    Retail space
    APN
    27-24-21-0280-00500-00D0
    APU
    27242102800050000D0

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $630,000
      ML approach
      $630,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $490,000
      6.5%
      $455,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $520,000
      Market price range: $298k - $677k
      AI Estimate
      $472,000
      Market price range: $187k - $628k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $480,000
      Current use
      MEDICAL BUILDING
      $650,000
      Change: +36% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $560,000
      Change: +17% Conversion: Easy
      OFFICE BUILDING
      $445,000
      Change: -7% Conversion: Easy
      WAREHOUSE, STORAGE
      $415,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Dade City
    County
    Pasco
    State
    Florida
    Longitude
    -82.1896
    Latitude
    28.3636
    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
    2023
    $6,300
    $75,387
    $183,099
    $258,486
    -
    $75,387
    $183,099
    $258,486

    Comparable in this City

    • Value Estimation
      $240,000
      1,890 SF

      38220 Howard Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,890 SF
      38220 Howard Ave, Dade City, FL 33525-4342
      View Details
    • Value Estimation
      $380,000
      3,968 SF

      10216 Us Hwy 301

      RETAIL STORES (PERSONAL SERVICES) • 3,968 SF
      10216 Us Hwy 301, Dade City, FL 33525-1842
      View Details
    • Value Estimation
      $225,000
      1,400 SF

      12307 Us Hwy 301

      RETAIL STORES (PERSONAL SERVICES) • 1,400 SF
      12307 Us Hwy 301, Dade City, FL 33525-6044
      View Details
    • Value Estimation
      $385,000
      6,000 SF

      36801 County Rd 52

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      36801 County Rd 52, Dade City, FL 33525-5133
      View Details
    • Value Estimation
      $280,000
      4,756 SF

      14118 7th St

      RETAIL STORES (PERSONAL SERVICES) • 4,756 SF
      14118 7th St, Dade City, FL 33525-4203
      View Details
    • Value Estimation
      $280,000
      1,410 SF

      14110 7th St

      RETAIL STORES (PERSONAL SERVICES) • 1,410 SF
      14110 7th St, Dade City, FL 33525-4203
      View Details

    Similar Nearby for Sale

    • $695,000

      C2 Zoned Property on Highway

      C2 zoned property with high visibility and multiple uses.
      10736 Us Highway 301, Dade City, FL 33525
      View Details
    • $2,699,000
      2,928 SF

      Turn-Key Automotive Dealership Opportunity

      Legacy-owned automotive dealership with excellent exposure and commercial zoning.
      13815 21St St, Dade City, FL 33525
      View Details
    • $229,000
      1,513 SF

      Dade City Retail Building - $229K

      Freestanding Retail Space, High Traffic Area
      10405 Us Highway 301, Dade City, FL 33525
      View Details
    • Contact for pricing
      7,097 SF

      Freestanding Building on Corner Parcel

      7,097 SF building on 0.66 acres with 38 parking spaces.
      37939 Church Ave, Dade City, FL 33525
      View Details
    • $2,100,000
      1,250 SF

      Dade City Gas Station Investment

      4-pump Marathon gas station with long-term lease near I-4.
      13851 7Th St, Dade City, FL 33525
      View Details
    • $229,000
      1,513 SF

      Freestanding Building on Highway 301

      1,513 SF building on a 9,173 SF lot.
      10405 Us Highway 301, Dade City, FL 33525
      View Details

    Similar Nearby for Lease

    • $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
    • $20 SF/Yr
      37,024 SF

      Lynan Professional Center

      Coworking space • 37,024 SF
      36739 Co Rd 52, Dade City, FL 33525
      View Details
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    37838 Pasco Ave
    Dade City, FL 33525-4211
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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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