32800 EILAND BOULEVARD
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 23, 2026 | Listed by REALTY ONE GROUP ADVANTAGE | $2,300,000 | |
| Listed by REALTY ONE GROUP ADVANTAGE | |||
| May 17, 2025 | Listed by REALTY ONE GROUP ADVANTAGE | $795,000 | |
| Listed by REALTY ONE GROUP ADVANTAGE | |||
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Pre-Construction. To be built. Presenting a prime commercial development opportunity in one of the most sought-after retail corridors of Wesley Chapel ideally situated at the high-traffic intersection of Eiland Boulevard/Morris Bridge Road and State Road 54. Zoned C-2, the property offers flexible use options and excellent visibility with right-in/right-out access and additional connectivity to a nearby signalized intersection. Surrounded by established national retailers and service providers—including AutoZone, 7-Eleven, and a car wash—this site benefits from strong traffic counts and consumer draw. Nearby businesses include Publix, Home Depot, McDonald’s, Wendy’s, Suncoast Credit Union, O’Reilly Auto Parts, Anytime Fitness, Marco’s Pizza, and Subway, with AdventHealth coming soon. Ideal for a wide range of uses such as general retail, quick-service restaurants with drive-thru, medical offices, dental practices, or oil change services, this location is competitively priced. Don’t miss the opportunity to establish your business in one of Pasco County’s most active growth markets. One acre is fully permitted for an automated car wash, should Buyer want to utilize the property that way.
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| Dec 21, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017