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    The Largest CRE Database in the US with Over 1 Million Listings

    10129 Little Rd New Port Richey, FL 34654

    Sponsored
    For Sale
    $589,988

    Office - NEW PORT RICHEY, FL

    Type:Office
    Property size:
    2,337 SF
    Lot size:
    1.09 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 3 at 3:06 am

    Property Features for 10129 Little Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    ER
    APN
    16-25-14-0020-00000-0100
    Size
    2,337 SF
    Lot size
    1.09 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1979
    Building materials
    Concrete, Stone, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Brandon Rimes
    Brandon Rimes

    Keller Williams Realty (727) 772-0772

    Listing agent Brandon Rimes (727) 772-0772 License #3228106

    Listing date Feb 2, 2026

    MLS# TB8348638 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

    Adaptable Commercial Property on Little Road

    This commercial property, situated on over an acre along Little Road, offers exposure and accessibility. Its location provides proximity to SR 52, US-19, the Suncoast Parkway, and public transportation. Formerly a chiropractic office, the property is designed for flexibility, making it suitable for professional, medical, or commercial uses. The building features no interior load-bearing walls, allowing for customization. Two curb cuts and a circular driveway provide ingress and egress, while over a dozen paved parking spaces accommodate clients and staff. The property also offers an ADA-compliant entrance ramp and restroom, a reception area with administrative office space, an integrated garage/storage area, a kitchen or break room, and an illuminated monument sign for street visibility. The load-bearing structural setup supports interior modifications. Additional amenities include two full bathrooms and two half bathrooms, a rear screened porch, and a paved rear patio, offering flexibility for expansion or outdoor space. A new roof was installed in 2020. The property also presents an opportunity for conversion to an income-producing short-term rental or Airbnb-style use, subject to zoning and local regulations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ligertwood Chiropractic Clinic Alternative Medicine Practice Dr. Paul Ligertwood Alternative Medicine Practice

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel

    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
    -82.66791
    Latitude
    28.304813

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    FAQs

    What type of property is this?
    Medical office - Highly visible and accessible commercial property with multiple potential uses.
    Where is this medical office located?
    The property is located at 10129 Little Rd New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $589,988.
    What are key features of this property?
    This property features: - High-traffic location on Little Road with excellent visibility and accessibility to major highways.; - Highly adaptable 2,300+ sq. ft. building on over an acre with no interior load-bearing walls, allowing for easy customization.; - Two curb cuts and a circular driveway provide seamless ingress/egress, with over a dozen paved parking spaces.
    (813) 917-1894
    Request Owner's contact information
    10129 Little Rd New Port Richey, FL 34654
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    New Port Richey, FL 34654
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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
    10129 Little Rd New Port Richey, FL 34654
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    We can help!
    Listing Contact
    Brandon Rimes
    Brandon Rimes
    Real Estate License ID: 3228106
    (813) 917-1894
    Learn more
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