Automotive Service Property with Rental
For Sale
$849,000
6118 GRAND Boulevard, New Port Richey, FL 34652
Business Opportunity, NEW PORT RICHEY, FL
Property Size4,636 SF
Lot Size0.34 Acres
Price / SF$183.13
Days on Market89
Property Features for 6118 GRAND Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C
Appliances
Refrigerator
Subdivision
NEW PORT RICHEY CITY
Lot features
Central Business District, Corner Lot, Curb and Gutters, City Limits, Level, Near Public Transit, Shopping Center, Sidewalk, Paved
Directions
From US Highway 19 in New Port Richey, East on Main Street, South on Grand Boulevard to property MASTER MECHANICS on East side of Grand Blvd. approximately 3 blocks South of Main Located on the corner of Montana and Grand Blvd.
Standard status
Active
APN
16-26-05-0030-12400-0070
Size
4,636 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CITY OF NEW PORT RICHEY PB 4 PG 49 LOTS 7 8 & 17 BLOCK 124 OR 9185 PG 780
Tax Annual Amount
7536
Legal Description
CITY OF NEW PORT RICHEY PB 4 PG 49 LOTS 7 8 & 17 BLOCK 124 OR 9185 PG 780
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1938
Floors in Building
1
Number of units
4
Flooring type
Concrete
Building materials
Block, Brick, Stucco
Roof type
Built-Up
Additional Structures
Outbuilding
Listing Agency:
RE/MAX MARKETING SPECIALISTS · RE/MAX International
(727) 853-7801
Listed By:
Rebecca Huffsmith · License #520697
(727) 457-7550
Added: May 28
Changed: Aug 20
Last Checked: Aug 24 at 8:06AM
MLS# W7886158
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 C-zoned commercial property encompasses 4,636 square feet on a 0.34-acre parcel and includes four addresses: 6112, 6114, 6118, and 6124 Grand Boulevard. The improvements date to 1938 and feature block, brick, and stucco construction, concrete flooring, a built-up roof, public water, and public sewer. The sale includes the automotive repair business, inventory, intellectual property, customer-management software, signage, website, and related business assets.
The corner parcel provides 350 feet of road frontage, including 150 feet along Grand Boulevard. Three rental units are fully occupied, with month-to-month tenants that include a florist, hairdressers, and a consignment shop. The property is within the City of New Port Richey, and the automotive operation has served the area for 53 years.
The corner parcel provides 350 feet of road frontage, including 150 feet along Grand Boulevard. Three rental units are fully occupied, with month-to-month tenants that include a florist, hairdressers, and a consignment shop. The property is within the City of New Port Richey, and the automotive operation has served the area for 53 years.
Key Highlights
- 4,636 SF commercial property on a 0.34‑acre parcel
- Four addresses included: 6112, 6114, 6118, and 6124 Grand Boulevard
- 350 feet of road frontage, including 150 feet directly on Grand Boulevard
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
$57,579
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
6.78%
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%
$1,151,580
$1.2M
Cap Rate 7%
$822,557
$822.6K
Cap Rate 9%
$639,767
$639.8K
Market Conditions
NOI Build-Up for 4,636 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
$100.1K $21.60/SF
− Vacancy
−$8.0K −$1.73/SF
EGI
$92.1K $19.87/SF
− OpEx
−$34.5K −$7.45/SF
NOI
$57.6K $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%
$1,151,580
Cap Rate 7%
$822,557
Cap Rate 9%
$639,767
Alternative Uses
Best Use
Mixed Use
$822.6K
$719.7K – $959.7K
NOI $57,579 @ 7.0% cap · market cap 6.78%
Second Best
Retail
$650.2K
$568.9K – $758.6K
NOI $45,514 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$1.06M
$924.1K – $1.23M
NOI $73,924 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,541
Businesses Nearby
18k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 20%
Hotels & Casinos 15%
Beef 'O' Brady's
Dining
8,741 visits/mo
0.3 miles
Thai Bistro
Dining
2,731 visits/mo
0.4 miles
Comfort Inn & Suites
Hotels & Casinos
2,631 visits/mo
0.5 miles
Minuteman Press
Shops & Services
2,614 visits/mo
0.4 miles
Truist
Shops & Services
949 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Auto shop - C-zoned commercial property combines an established repair operation with occupied auxiliary spaces and public utilities.
Where is this auto shop located?
The property is located at 6118 GRAND Boulevard 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: 4,636 SF commercial property on a 0.34‑acre parcel; Four addresses included: 6112, 6114, 6118, and 6124 Grand Boulevard; 350 feet of road frontage, including 150 feet directly on Grand Boulevard
