Pasco County, FL
Commercial real estate across Pasco County.
Pasco County retail was 5.1% vacant in the third quarter of 2026, with $258 million of retail sales over 12 months at an average of $384 a foot. Industrial vacancy was 20.0% in Pasco and 18.4% for Pasco and Hernando together.
My read. Retail in this county is tight and industrial is soft: 5.1% retail vacancy and 20.0% industrial vacancy in the third quarter of 2026. Not an appraisal.
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The numbers
Market at a glance.
Cushman & Wakefield figures cited by TenantBase. 433,797 SF under construction.
Cushman & Wakefield via TenantBase. Listings, not signed leases.
Pasco and Hernando together gained about 728,000 SF of occupied industrial space over 12 months, with 793,000 SF more under construction (Ironmark, third quarter of 2026).
The towns
Where to go next inside the county.
| Place | Population | Change since 2020 | Which count |
|---|---|---|---|
| Dade City | 10,173 | +39.8% | Census estimate, July 1, 2025. 10,173 from a 2020 count of 7,275. |
| Zephyrhills | 22,447 | +30.5% | Census estimate, July 1, 2025 |
| San Antonio | 1,541 | +18.8% | BEBR estimate, April 1, 2025. Census does not publish an annual estimate under 5,000 residents. |
| Wesley Chapel | 64,866 | 2020 Census only | Census-designated place. No annual population estimate. |
| Hernando County | 221,701 | +14.0% | Neighboring county. Census estimate, July 1, 2025. |
Census figures are U.S. Census Bureau QuickFacts, Vintage 2025, pulled October 2, 2026. San Antonio is the University of Florida BEBR estimate.
Recent sales
What sold, and for what.
Every qualified sale in Dade City, Zephyrhills, and San Antonio through October 23, 2026 is in the table. Each town page repeats its own rows.
| Date | Location | Type and size | Price | $ / SF or acre |
|---|---|---|---|---|
| 10/2025 | 13274 US 301, Dade City | Vacant commercial land, 1.72 acres | $950,000 | $552,326/acre |
| 10/2025 | 11906 US 301, Dade City | Vacant commercial land, 1.76 acres | $1,950,000 | $1,107,955/acre |
| 4/2025 | 9921 US 98, Dade City Pasco County Property Appraiser sales file, Book 11202 / Page 0985 | Industrial, 35,286 SF metal buildings | $2,240,200 | $63/SF |
| 4/2026 | 5131 Gall Blvd, Zephyrhills Pasco County Property Appraiser sales file, Book 11399 / Page 1744 | 4,146 SF retail | $768,000 | $185/SF |
| 4/2026 | 36521 Pure Water Way, Zephyrhills | 14,610 SF retail | $4,165,900 | $285/SF |
| 5/2025 | 36521 Pure Water Way, Zephyrhills | 14,610 SF retail, prior sale of the same building | $4,681,000 | $320/SF |
| 11/2025 | 38917 CR 54, Zephyrhills | 54,720 SF shopping center | $6,400,000 | $117/SF |
| 3/2025 | 5327 Gall Blvd, Zephyrhills | 3,254 SF restaurant | $575,000 | $177/SF |
| 9/2025 | 5740 7th St, Zephyrhills | 3,640 SF restaurant | $498,000 | $137/SF |
| 8/2026 | 7643 Gall Blvd, Zephyrhills | 4,556 SF restaurant (2003) | $4,266,700 | $937/SF |
| 9/2026 | 6712 Dairy Rd, Zephyrhills | 7,761 SF professional office | $1,950,000 | $251/SF |
| 5/2025 | 6844 Gall Blvd, Zephyrhills | 4,000 SF professional office | $900,000 | $225/SF |
| 10/2026 | 35365 Condominium Blvd, Zephyrhills | 12,600 SF metal building | $1,900,000 | $151/SF |
| 2/2026 | 40119 CR 54, Zephyrhills | 69,450 SF metal buildings | $5,000,000 | $72/SF |
| 2/2026 | 39599 Jerry Rd, Zephyrhills | Vacant commercial land, 1.95 acres | $225,000 | $115,385/acre |
| 8/2026 | 11853 Curley Rd, San Antonio | 7,227 SF retail | $1,250,000 | $173/SF |
| 2/2025 | 31722 CR 52, San Antonio Pasco County Property Appraiser sales file, Book 11158 / Page 2005 | 9,574 SF professional office | $3,038,000 | $317/SF |
| 3/2026 | 11741 Uradco Pl, San Antonio | 12,928 SF warehouse (2005) | $2,850,000 | $220/SF |
| 3/2025 | 31378 CR 52, San Antonio (card address 31376) | Vacant commercial land, 3.81 acres | $1,850,000 | $485,564/acre |
| 2/2026 | 31378 CR 52, San Antonio (card address 31376) | Same parcel, resale, 3.81 acres | $3,400,000 | $892,388/acre |
| 12/2025 | 32019 CR 52, San Antonio | Vacant commercial land, 8.00 acres | $2,250,000 | $281,250/acre |
| 11/2025 | CR 52, San Antonio, two parcels (card addresses 30556 and 30903) 30556 CR 52 parcel card 30903 CR 52 parcel card | Vacant commercial land, 64.82 acres | $9,570,000 | $147,640/acre |
Qualified sales, Pasco County Property Appraiser, sales through October 23, 2026. Price per square foot is the sale price divided by the building area on the appraiser record. Price per acre is the price divided by the acres on the parcel card, rounded to the nearest dollar.
Asking rents
| Location | Space | Asking rent | Source |
|---|---|---|---|
| 36520 Pure Water Way, Zephyrhills | 3,000 SF second-generation restaurant | $14.00/SF + $4.37 NNN | London Foster |
| 5830 Gall Blvd, Zephyrhills | 1,772 SF freestanding restaurant | $30.47/SF NNN | Showcase |
| Mirada A3, McCabe Rd, San Antonio | New construction, 1,500 to 12,800 SF | $40 to $50/SF | Crexi listing |
Asking rents are from listings, not signed leases, as of October 29, 2026.
Projects and openings
By corridor.
US 301, Dade City
Chick-fil-A at 12645 US 301
Licensed August 26, 2026, with 106 seats.
Gall Boulevard, Zephyrhills
Monin, case CU 13-26
326,157 SF on about 62 acres. Details are on the Zephyrhills page.
SR 52, San Antonio
Double Branch and the CR 52 restaurant pads
Double Branch is under construction. Culver's is open. Chipotle and Panda Express have approved plans.
SR 54, Wesley Chapel
Rivian, Publix, Walmart, Orlando Health
The demand next door. Details and timing are on the Wesley Chapel page.
Case summaries come from P&Z Radar, which digests the agenda packets. The official agenda controls.
By property type
My read.
My read is a broker opinion based on public records and the sources listed on this page. It is not an appraisal and not a guarantee of value or results. Figures are approximate; verify them before you rely on them.
Retail
Pasco retail vacancy was 5.1% in the third quarter of 2026, with 433,797 SF under construction, and $258 million of sales over 12 months at $384 a foot. Asking rent was $24.93 a foot. Tampa Bay retail asking rent was $27.89 a foot, up 2.8% over the year. Asking rents are listings, not signed leases.
Office and medical
Small offices in Zephyrhills and San Antonio sold for $225 to $317 a foot. Tampa office averaged a 7.0% cap rate in the first quarter of 2026. The C-3 healthcare zoning at Dairy Road and Daughtery Road is the Zephyrhills medical node.
Industrial and flex
Pasco industrial vacancy was 20.0%, and Pasco and Hernando together were 18.4%, against 8.3% for Tampa Bay. Asking rent was $12.12 a foot. The two counties absorbed about 728,000 SF over 12 months, with 793,000 SF under construction. If a building is empty and over 30,000 SF, it is competing with that new space.
Land
Vacant commercial land in Dade City, Zephyrhills, and San Antonio sold for $115,385 to $1,107,955 an acre in 2025 and 2026. Frontage of 1.7 to 3.8 acres on CR 52 and US 301 sold for $485,564 to $1,107,955 an acre. Tracts of 8 acres and up sold for $147,640 to $281,250 an acre.
Next step
Three ways to use this.
A broker opinion of value is not an appraisal and is not a guarantee of price.
East Pasco Owner's Report, Fall 2026
Common questions about Pasco County
What is Pasco County retail vacancy?
5.1% in the third quarter of 2026, with 433,797 SF under construction, from Cushman & Wakefield figures cited by TenantBase. Retail sales were $258 million over 12 months at an average of $384 a foot. Asking rent was $24.93 a foot.
What is Pasco County industrial vacancy?
Ironmark puts Pasco alone at 20.0% in the third quarter of 2026. Pasco and Hernando together were 18.4%, against 8.3% for all of Tampa Bay. Industrial asking rent was $12.12 a foot. About 728,000 SF was absorbed over 12 months, with 793,000 SF under construction.
How fast is Pasco County growing?
The Census Bureau estimates 674,516 residents as of July 1, 2025, up 20.0% from 561,891 in the 2020 Census. BEBR estimates 648,369 as of April 1, 2025.
Where are the qualified sales?
The table on this page has every qualified sale in Dade City, Zephyrhills, and San Antonio through October 23, 2026. Each town page repeats its own rows, with the parcel-card link.
Which listings are in Pasco County?
13815 21st Street and 10351 Old Lakeland Highway, both in Dade City. The Cortez Boulevard listings are in Ridge Manor, on the Hernando County page.
Knowledge Catalog
Guides that go with this market.
The SR 52 Corridor: What's Built, Entitled, and Planned
Buying Vacant Land in Pasco County: A Due Diligence Checklist
Site Selection for a Pasco County Business: A Checklist With FDOT Traffic Data
Broker Opinion of Value (BOV): What It Is and When You Need an Appraisal
Nearby markets
Dade CityPasco County seat. US 301, downtown, and County Road 52.
ZephyrhillsGall Boulevard, the airport industrial park, and SR 54.
San AntonioSR 52 and CR 52, including the land resale and the new restaurant pads.
Wesley ChapelSR 54 demand next door to East Pasco.
Hernando CountyRidge Manor, SR 50 and Cortez Boulevard, Brooksville, and Spring Hill.Where this comes from
- U.S. Census Bureau, QuickFacts: Pasco County, Florida
- University of Florida BEBR, Florida Estimates of Population 2025
- TenantBase, Tampa Q3 2026, citing Cushman & Wakefield
- Cushman & Wakefield, Tampa Bay Retail MarketBeat, Q3 2026
- Ironmark, Tampa 3Q 2026
- Ironmark, Tampa Industrial Market Report
- Bounat, Tampa office market report, Q1 2026
Updated November 2, 2026. Qualified sales through October 23, 2026.