Single-Story Professional Office
5838 MAIN Street New Port Richey, FL 34652
For Sale
$595,000
SINGLE_FAMILY - NEW PORT RICHEY, FL
Property Size1,900 SF
Lot Size0.08 Acres
Price / SF$313.16
Days on Market106
Property Features for 5838 MAIN Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- O
- Standard status
- Active
- APN
- 16-26-05-0030-07900-0090
- Size
- 1,900 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- CITY OF NEW PORT RICHEY PB 4 PG 49 LOT 9 & WEST 10 FT OF LOT 8 BLOCK 79 OR 9739 PG 991
- Tax Annual Amount
- 5772
Utilities
- Sewer type
- Public Sewer
- Heating system
- Zoned, Central, Electric (Heating)
- Cooling system
- Zoned, Central Air
- Water source
- Public
Building Details
- Year built
- 1969
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Block
- Roof type
- Membrane
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Jim Knetsch · License #3015997
(813) 629-0341
Added: Apr 13
Changed: Jul 22
Last Checked: Jul 27 at 9:06AM
MLS# TB8497632
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 single-story professional office building offers a multi-room interior layout and three restrooms. The property is constructed with concrete block and is described as a strong Main Street presence. The most recent use operated as a long-standing dental office, and the existing arrangement is positioned to support a variety of professional environments. Interior finishes are noted as ready for renovation, allowing for customization to fit a future tenant or owner-occupant’s needs.
Located on Main Street in historic downtown New Port Richey, the property is paired with an adjacent new public parking lot, along with additional street parking on Main Street.
Recent updates include a new roof in 2023 and two new rooftop HVAC systems installed in 2023. The building’s layout may also support multiple suites, depending on the intended configuration.
Located on Main Street in historic downtown New Port Richey, the property is paired with an adjacent new public parking lot, along with additional street parking on Main Street.
Recent updates include a new roof in 2023 and two new rooftop HVAC systems installed in 2023. The building’s layout may also support multiple suites, depending on the intended configuration.
Key Highlights
- 1,900 SF single‑story professional office building with multi‑room layout, most recently used as a dental office
- Concrete block construction; roof replaced in 2023 with a membrane roof
- Two brand new rooftop HVAC systems installed in 2023; zoned central air and electric heating
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.9k | $16.80 |
| − Vacancy | −$2.7k | −$1.43 |
| EGI | $29.2k | $15.37 |
| − OpEx | −$11.7k | −$6.15 |
| NOI | $17.5k | $9.22 |
1,900 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$250.3K
$219.1K – $292.1K
NOI $17,524 @ 7.0% cap · market cap 2.95%
Second Best
Office B
$183.2K
$160.3K – $213.7K
NOI $12,822 @ 7.0% cap · market cap 2.15%
Theoretical Best
Office A
$432.8K
$378.7K – $505.0K
NOI $30,297 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Single-story professional office building with multi-room layout, three restrooms, and updated 2023 roof and rooftop HVAC.
Where is this office building located?
The property is located at 5838 MAIN Street New Port Richey, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1,900 SF single‑story professional office building with multi‑room layout, most recently used as a dental office; Concrete block construction; roof replaced in 2023 with a membrane roof; Two brand new rooftop HVAC systems installed in 2023; zoned central air and electric heating
