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

    9920 Us Hwy 98 Dade City, FL 33525-1419

    • Investment properties
    • 1,616 SF
    • 2.33 lot acres
    OFF-MARKET
    Last Sale
    Oct 05, 2023
    $1,020,000
    Value Estimations
    $765,000
    Show details
    Cap Rate Potential
    2.5%
    Investment properties
    Location Intelligence
    Property ID
    US18-5032313
    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

    • Investment properties

    Property Details for 9920 Us Hwy 98

    Year built
    1958
    Lot size
    2.33 lot acres
    Property size
    1,616 SF
    Zone code
    00AC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    19-25-22-0000-00800-0000
    APU
    1925220000008000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $805,000
      ML approach
      $885,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $470,000
      Market price range: $186k - $470k

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

    Location Insight

    • Map
    • Local Demand
    City
    Dade City
    County
    Pasco
    State
    Florida
    Longitude
    -82.1522
    Latitude
    28.3026
    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
    $6,915
    $43,595
    $373,610
    $417,205
    -
    $43,595
    $373,610
    $417,205

    Comparable in this City

    • Value Estimation by Request
      1,244 SF

      11921 Frontage Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,244 SF
      11921 Frontage Rd, Dade City, FL 33525-6052
      View Details
    • Value Estimation by Request
      2,660 SF

      13415 Bull Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,660 SF
      13415 Bull Rd, Dade City, FL 33525-5524
      View Details
    • Value Estimation by Request
      720 SF

      37201 Clinton Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 720 SF
      37201 Clinton Ave, Dade City, FL 33525-5910
      View Details
    • Value Estimation by Request
      1,148 SF

      36027 Clinton Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,148 SF
      36027 Clinton Ave, Dade City, FL 33525-8435
      View Details
    • Value Estimation by Request
      1,881 SF

      38090 Coleman Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,881 SF
      38090 Coleman Ave, Dade City, FL 33525-5031
      View Details
    • Value Estimation by Request
      2,150 SF

      13950 5th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,150 SF
      13950 5th St, Dade City, FL 33525-4906
      View Details

    Similar Nearby for Sale

    • $1,200,000
      4.00 Acres

      37143 Clinton Ave

      Self storage facilities • 6,596 SF
      37143 Clinton Ave, Dade City, FL 33525
      View Details
    • $4,500,000
      60.00 Acres

      Dade City 60-Acre Multi-Use Land

      Prime 60-acre development opportunity near Mirada Lagoon.
      9229 Fort King Rd, Dade City, FL 33525
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    • $1,200,000
      6,596 SF

      Versatile Commercial Property on 4.47 Acres

      Mixed-use property with C2 and AR zoning in a growing area.
      37143 Clinton Ave, Dade City, FL 33525
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    • $1,300,000
      8.24 Acres

      Dade City Commercial Land

      8.24 Acres, Prime Location, $1.3M
      12954 Us Highway 301, Dade City, FL 33525
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    • $7,995,000
      5,500 SF

      Equestrian Estate with Barn

      267-acre equestrian estate in Dade City, Florida.
      36225 Covington Rd, Dade City, FL 33525
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    Similar Nearby for Lease

    • $20 SF/Yr
      37,024 SF

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      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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    9920 Us Hwy 98
    Dade City, FL 33525-1419
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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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