Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1-2 Green Key Rd New Port Richey, FL 34652

    Sponsored
    For Sale
    $335,690

    Land - NEW PORT RICHEY, FL

    Lot size:
    0.33 Acres
    Days on Market:
    63
    Last Refresh:
    Feb 5 at 5:06 am

    Property Features for 1-2 Green Key Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    AR
    APN
    16-26-06-0080-00000-0010
    Lot size
    0.33 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dan Lanhaus

    Dalton Wade, Inc. (727) 888-4175

    Listing agent Dan Lanhaus (888) 668-8283 License #3096368

    Listing date Dec 5, 2025

    MLS# TB8432267 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Waterfront Lots - Gulf Access

    Two waterfront lots are available in New Port Richey, Florida, offering an opportunity to build two homes with Gulf access. The lots feature over 100 feet of frontage and short, direct access to the Gulf of Mexico, just 3 minutes from the beach and waterfront State Park. This double lot provides 170 linear feet of waterfrontage on Oyster Creek, with no bridges or locks. The property is located on Lot 1 & Lot 2 on Gifford's Subdivision on Green Key Road. There is no HOA and no deed restrictions. The lots are fully dockable and secluded near the end of the waterway, yet convenient to amenities. The property is located 1 mile from Robert K. Rees Memorial Park on the Gulf of Mexico, which features a sandy beach, playground, covered pavilion with picnic tables, grills, showers, restrooms, and an elevated nature walk. The zoning is AR. The lot size is 0.33 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Restaurant Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.73698586
    Latitude
    28.25362076

    Nearby Similar for Sale

    • $389,900
      1,600 SF

      New Port Richey Duplex For Sale

      Well-maintained duplex in a desirable New Port Richey location.
      5800-5808 Madison St, New Port Richey, FL 34652
      View Details
    • $1,898,000
      8,476 SF

      Medical/Mixed-Use Commercial Building For Sale

      Rare opportunity: mixed-use commercial building with multiple offices and ample parking.
      8726 Old County Road 54, New Port Richey, FL 34653
      View Details
    • $549,700
      2,753 SF

      Well-Maintained Multiplex Investment Opportunity

      Fully-leased, renovated multiplex in desirable New Port Richey neighborhood.
      5100 South Rd, New Port Richey, FL 34652
      View Details
    • New
      $589,988
      2,337 SF

      Adaptable Commercial Property on Little Road

      Highly visible and accessible commercial property with multiple potential uses.
      10129 Little Rd, New Port Richey, FL 34654
      View Details
    • $300,000
      1,650 SF

      New Port Richey Duplex Investment

      Updated duplex in downtown New Port Richey with strong rental potential.
      5845 Elm St, New Port Richey, FL 34652
      View Details
    • $350,000
      Pending

      New Port Richey Duplex

      Well-maintained duplex in New Port Richey with immediate income potential.
      7036/7038 Oelsner St, New Port Richey, FL 34652
      View Details
    • $305,000
      Pending

      New Port Richey Duplex Opportunity

      Duplex with two units, updated kitchens, and strong rental potential.
      4925 Ladyfish Ct, New Port Richey, FL 34652
      View Details
    • New
      $524,900
      3,500 SF

      Turnkey Income-Generating Hybrid MH/RV Park

      9-pad MH/RV community with strong cash flow and upside.
      6323 Trouble Creek Rd, New Port Richey, FL 34653
      View Details
    • $925,000
      2,373 SF

      Revitalized Downtown New Port Richey Office

      2300+ sq ft office building in prime downtown location.
      5801 Main St, New Port Richey, FL 34652
      View Details
    • $189,000
      2,614 SF

      Turnkey Restaurant in New Port Richey

      Fully equipped 82-seat restaurant in downtown New Port Richey, Florida.
      5414 Main St, New Port Richey, FL 34652
      View Details
    • $200,000
      1,027 SF

      Updated Duplex in Downtown Location

      Well-maintained duplex with strong rental income potential in New Port Richey.
      5714 Kenwood Ave, New Port Richey, FL 34652
      View Details
    • $179,800
      Pending

      Moon Lake Retreat Ready to Enjoy

      0.35-acre lot with workshop, utilities, and honeybee business.
      10277 Burton St, New Port Richey, FL 34654
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two waterfront lots with Gulf access, ideal for building.
    Where is this residential land & home lot located?
    The property is located at 1-2 Green Key Rd New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $335,690.
    What are key features of this property?
    This property features: - Waterfront property with direct Gulf of Mexico access (no bridges or locks).; - Opportunity to build two homes; live in one and rent/sell the other.; - Double lot with **170 feet of waterfrontage on Oyster Creek.**
    (727) 992-3435
    Request Owner's contact information
    1-2 Green Key Rd New Port Richey, FL 34652
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1-2 Green Key Rd
    New Port Richey, FL 34652
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1-2 Green Key Rd New Port Richey, FL 34652
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dan Lanhaus
    Real Estate License ID: 3096368
    (727) 992-3435
    Learn more
    Google sign-in failed. Please try again or use another login method.