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    8726 OLD COUNTY ROAD 54 New Port Richey, FL 34653

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    For Sale
    $1,898,000

    Mixed Use - NEW PORT RICHEY, FL

    Type:Mixed Use
    Property size:
    8,476 SF
    Lot size:
    1.14 Acres
    Price / SF:
    $223/SF
    Added:
    May 1, 2025
    Days on Market:
    373
    Last Refresh:
    May 8 at 12:06 pm

    Property Features for 8726 OLD COUNTY ROAD 54

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Zoning
    C1
    Security features
    Fire Alarm
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    16-26-23-000.0-005.00-001.0
    Size
    8,476 SF
    Lot size
    1.14 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    703

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1973
    Flooring type
    Carpet, Laminate
    Building materials
    Block, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Susan Colby

    Listing agent Susan Colby License #3310156

    Listing office DALTON WADE INC 260 1st Ave S. Suite 200, St. Petersburg, FL

    Listing date May 1, 2025

    MLS# TB8378965 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.

    HighLights

    • Versatile Medical/Mixed‑Use Commercial Building with 17 Office Spaces and 10 Restrooms.
    • Potential for Income Generation through Subletting Office Spaces.
    • Ample Parking with 50+ Spaces for Staff and Clients.
    • Updated Fire Alarm System (05/2024).
    • Equipped with 2 Kitchenettes and 1 Full Kitchen with Laundry Hook‑Up.
    • Suitable for Various Uses: Medical Practice, Charter School, Preschool, etc.

    Overview

    Medical/Mixed-Use Commercial Building For Sale

    This mixed-use commercial building offers a front reception area, waiting room, and numerous offices or exam rooms. The property features 17 office spaces, 10 restrooms, 2 kitchenettes, and a full kitchen with laundry hook-ups. The building is configured as 6 units, offering flexibility in space arrangement and potential for subletting to increase income. The fire alarm system was updated in May 2024, and the roof was replaced in 2012. Ample parking is available around the front, rear, and east side of the building, with over 50 spaces, and sufficient space for truck deliveries. The property is suitable for various uses, including a medical practice, charter school, or preschool. The building contains 8,476 square feet and is located in NEW PORT RICHEY, FL. The lot size is 1.14 acres. The zoning is C1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CHERYL MAE LOZANO ... Physician PELVIC EXPERT Medical Clinic Eric Lim Physician ARC Crisis Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Tanner Lisa DVM — 4041 Little Rd, New Port Richey, FL 34655
    • Animal Care Center-Pasco County: Reeves Kenneth DVM — 4041 Little Rd, New Port Richey, FL 34655
    • Dr. Heather Brownell — 4041 Little Rd, New Port Richey, FL 34655

    Location Insight

    • Map
    • Local Demand
    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.669864
    Latitude
    28.216593

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    FAQs

    What type of property is this?
    Medical Office Space - Rare opportunity: mixed-use commercial building with multiple offices and ample parking.
    Where is this medical office space located?
    The property is located at 8726 OLD COUNTY ROAD 54 New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $1,898,000.
    What are key features of this property?
    This property features: Versatile Medical/Mixed‑Use Commercial Building with 17 Office Spaces and 10 Restrooms.; Potential for Income Generation through Subletting Office Spaces.; Ample Parking with 50+ Spaces for Staff and Clients.
    (727) 744-9108
    We can help!
    Listing Contact
    Susan Colby
    Real Estate License ID: 3310156
    Learn More
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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.

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