Mixed-Use Property with
New
For Sale
$849,000
5812 MISSOURI Avenue, New Port Richey, FL 34652
Commercial Sale, NEW PORT RICHEY, FL
Property Size5,826 SF
Lot Size0.17 Acres
Price / SF$145.73
Days on Market3
Property Features for 5812 MISSOURI Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MF2
Subdivision
NEW PORT RICHEY CITY
Lot features
Corner Lot, Fire Hydrant, City Limits, Near Public Transit
Directions
Adding north on US 19 turn right onto Maine Street, then right onto Adams Street, and the building will be on the corner of Adams Street and Missouri Avenue.
Standard status
Active
APN
16-26-05-0030-10700-0010
Size
5,826 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CITY OF NEW PORT RICHEY PB 4 PG 49 LOT 1 BLOCK 107
Tax Annual Amount
8333
Legal Description
CITY OF NEW PORT RICHEY PB 4 PG 49 LOT 1 BLOCK 107
Utilities
Cooling system
Wall/Window Unit(s), Central Air, Window Unit(s)
Amenities
pool
patio
storage
laundry room
Building Details
Year built
1963
Floors in Building
2
Building materials
Block, Stucco, Frame
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Angela Julian PA · License #3301225
(727) 520-2157
Added: Sep 17
Changed: Sep 19
Last Checked: Sep 19 at 5:06AM
MLS# TB8549429
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.
Investment Insights
Based on property information with market context.
This 5826-square-foot mixed-use property combines a flexible ground-floor commercial area with two separate upstairs residences. The commercial level includes an existing restroom and plumbing connections, while the residential component consists of a three-bedroom, two-bathroom apartment and a two-bedroom, one-bathroom apartment. Each apartment has two entrances; the larger unit includes a private laundry room, and the smaller unit is served by an exterior-access laundry room. A single-car garage, on-site parking area, storage, pool, and spacious patio are also included.
Situated one block from Main Street in New Port Richey, the property occupies 0.17 acres and is zoned MF2. The 1963 building features block, stucco, and frame construction, along with shingle roofing and a combination of window, wall/window, and central air-conditioning systems.
Situated one block from Main Street in New Port Richey, the property occupies 0.17 acres and is zoned MF2. The 1963 building features block, stucco, and frame construction, along with shingle roofing and a combination of window, wall/window, and central air-conditioning systems.
Key Highlights
- 5826‑square‑foot mixed‑use property on 0.17 acres
- Ground‑floor commercial area with restroom and plumbing connections
- Upstairs residences include 3‑bedroom/2‑bathroom and 2‑bedroom/1‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,359
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,447,180
$1.4M
Cap Rate 7%
$1,033,700
$1.0M
Cap Rate 9%
$803,989
$804.0K
Market Conditions
NOI Build-Up for 5,826 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$125.8K $21.60/SF
− Vacancy
−$10.1K −$1.73/SF
EGI
$115.8K $19.87/SF
− OpEx
−$43.4K −$7.45/SF
NOI
$72.4K $12.42/SF
Area
Pasco County, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,447,180
Cap Rate 7%
$1,033,700
Cap Rate 9%
$803,989
Alternative Uses
Best Use
Mixed Use
$1.03M
$904.5K – $1.21M
NOI $72,359 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$765.5K
$669.8K – $893.0K
NOI $53,582 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,899 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,448
Businesses Nearby
Explore this area
Business Placement
Demographics for 34652, FL
26,697
Population
14,700
Households
1.8
Avg Household Size
51
Median Age
20%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
3,104
Density / Sq Mi
$52,396
Median Household Income
$36,819
Median Earnings
$1,189
Median Rent
$198,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units sit above a flexible commercial ground floor with restroom and plumbing connections.
Where is this mixed-use property located?
The property is located at 5812 MISSOURI Avenue New Port Richey, FL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 5826‑square‑foot mixed‑use property on 0.17 acres; Ground‑floor commercial area with restroom and plumbing connections; Upstairs residences include 3‑bedroom/2‑bathroom and 2‑bedroom/1‑bathroom units
