12212 Fort King RdDade City, FL 33525

Property Details for 12212 Fort King Rd

Year built

1973

Lot size

0.36 AC

Property size (Sq ft)

2,400 SF

Zone code

00C1

Property type

Office properties

Property subtype

Office buildings

APN

03-25-21-004A-00800-0010

APU

032521004A008000010

Description

This exceptional investment opportunity presents a 2,400 square foot commercial building located at 12212 Fort King Rd, Dade City, FL 33525. The property, situated on a 0.37-acre corner lot, boasts a highly visible location and ample parking with eight dedicated spaces. Currently operating as a fully leased and thriving daycare center, this single-story, concrete block building offers a consistent income stream. The building is zoned C1, allowing for diverse uses including retail, commercial, and office spaces. The existing daycare business provides a turnkey operation with a 100% occupancy rate under a gross lease agreement with a remaining term of three years, expiring December 31, 2027. The lease commenced January 1, 2023, and features a five-year term. Built in 1973, the building benefits from a partially new roof installed in 2023. The asking price is $600,000, representing an 8.00% cap rate. This property is ideal for investors seeking a low-maintenance, income-generating asset with significant upside potential due to the flexible zoning and strong existing tenant. The property's features include a single building, one story, and a Pasco County APN of 03-25-21-004A-00800-0010.

• CAP approach

  CAP return

  Valuation

  6%

  $484,526

  6.5%

  $447,255

  7%

  $415,308

• Comparable approach

  Method

  Valuation

  Relative Method

  $438,312

  Geo Method

  $438,312

• Alternative Use

  Use

  Valuation

  Residential

  $554,596

  Hospitality

  $508,007

  Educational

  $422,656

  Medical

  $437,192

  Retail

  $657,465

Location Insight

City

Dade City

County

Pasco

State

Florida

Latitude

28.3355

Longitude

-82.2037

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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