Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12842 MIDVALE AVENUE New Port Richey, FL 34654

    View on Map
    Claim this Listing
    For Sale
    $65,000

    Land - NEW PORT RICHEY, FL

    Lot size:
    1.57 Acres
    Added:
    Feb 7, 2025
    Days on Market:
    435
    Last Refresh:
    Apr 18 at 4:06 pm

    Property Features for 12842 MIDVALE AVENUE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    AR
    Standard status
    Active
    APN
    17-25-21-013.0-00A.00-000.0
    Lot size
    1.57 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    74.89

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Irena Castro

    Listing agent Irena Castro License #3122779

    Listing office PEOPLE'S CHOICE REALTY SVC LLC 4014 Gunn Hwy, Suite 243, Tampa, FL

    Listing date Feb 7, 2025

    MLS# TB8347777 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.

    Overview

    New Port Richey Vacant Land

    This vacant land, spanning just over 1.5 acres, offers a rural lifestyle with privacy. The property features over 380 feet of road frontage on Midvale Avenue. Zoned AR, the parcel allows for building a dream home and keeping up to 3 grazing animals and/or 20 small animals for each acre. Located in New Port Richey, Florida, the property is near SR-52 and the Suncoast Parkway, providing access throughout Pasco and Hernando Counties, and to downtown Tampa. The 1.57-acre lot presents an opportunity to embrace country life without HOA or CDD restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Building Supply Auto Repair Shop Kitchen & Bath Showroom HVAC Service Garden Center Car Rental Facility Clothing & Fashion Store Computer & Electronic Repair

    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
    -82.6019616
    Latitude
    28.3021811

    Nearby Similar for Sale

    • $595,000
      1,900 SF

      Downtown New Port Richey Office

      1,900 SF professional office building in booming downtown area.
      5838 MAIN STREET, 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 STREET, NEW PORT RICHEY, FL 34652
      View Details
    • $1,300,000
      3,127 SF

      Versatile Land with Custom Pool Home

      6.19 acres with home, pond, and commercial zoning.
      9215 RIDGE ROAD, NEW PORT RICHEY, FL 34654
      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
    • $875,000

      Waterfront Land with Gulf Access

      2.3-acre waterfront land with Gulf access, boat ramp, RV parking.
      4915 SOUTH ROAD, NEW PORT RICHEY, FL 34652
      View Details
    • $249,900

      New Port Richey Acreage Opportunity

      4.83 acres in New Port Richey with established access easements.
      INDALE DRIVE, NEW PORT RICHEY, FL 34654
      View Details
    • $189,900

      New Port Richey Land Parcel

      3.19 acres in New Port Richey with flexible potential.
      INDALE DR, NEW PORT RICHEY, FL 34654
      View Details
    • $393,000

      Waterfront Land in Flor-a-Mar

      Prime waterfront parcel with dock in desirable Flor-a-Mar community.
      5008 ENSIGN LOOP, NEW PORT RICHEY, FL 34652
      View Details
    • $115,000

      New Port Richey Acreage Opportunity

      4 acres in New Port Richey, suitable for recreation/investment.
      INDALE DRIVE, NEW PORT RICHEY, FL 34654
      View Details
    • $579,900

      Waterfront Lot in Gated Community

      Oversized waterfront lot near open Gulf water in gated community.
      Lot 13 CAPTAINS COURT, NEW PORT RICHEY, FL 34652
      View Details
    • $19,000

      Residential Land in Moon Lake

      Wooded lot suitable for mobile or site-built homes.
      11000 MALATI STREET, NEW PORT RICHEY, FL 34654
      View Details
    • $41,000

      Buildable Lot in Moon Lake

      0.27-acre lot near Moon Lake Park, no HOA.
      33 POPLAR STREET, NEW PORT RICHEY, FL 34654
      View Details

    FAQs

    What type of property is this?
    Land - 1.57 acres of vacant land perfect for a dream home.
    Where is this land located?
    The property is located at 12842 MIDVALE AVENUE New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: 1.57 acres of vacant land ideal for building a dream home.; Zoned AR with no HOA or CDD restrictions, offering flexibility.; Allows for grazing animals (up to 3) and/or small animals (up to 20 per acre).
    (727) 271-0901
    We can help!
    Listing Contact
    Irena Castro
    Real Estate License ID: 3122779
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!