Adaptable Commercial Property on Little
10129 LITTLE Rd, New Port Richey, FL 34654
For Sale
$589,988
Versatile commercial property with high visibility and accessibility.
Property Size2,337 SF
Lot Size1.09 Acres
Price / SF$256.52
Days on Market245
Property Features for 10129 LITTLE Rd
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty
Listed By:
Brandon Rimes · License FL #3228106
(813) 917-1894
Source:
Elliman
Added: Mar 10
Changed: Aug 14
Last Checked: Aug 14 at 6:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty
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Investment Insights
Based on property information with market context.
This commercial property offers over 2,300 sq. ft. of space on over an acre along Little Road, a six-lane corridor. The location provides exposure and accessibility, with proximity to SR 52, US-19, the Suncoast Parkway, and public transportation. Formerly a chiropractic office, the property is designed for flexibility, suitable for professional, medical, or commercial uses. The building has no interior load-bearing walls, allowing for customization. Two curb cuts and a circular driveway facilitate ingress and egress, with over a dozen paved parking spaces. An ADA-compliant entrance ramp and restroom are included, along with a reception area, administrative office space, an integrated garage/storage area, and a kitchen or break room. A functional illuminated monument sign enhances street visibility. The load-bearing structural setup supports interior modifications. Additional amenities include two full bathrooms and two half bathrooms, a rear screened porch, and a paved rear patio. A new roof was installed in 2020. The property also presents an opportunity for conversion to an income-producing short-term rental or Airbnb-style use, subject to zoning and local regulations.
Key Highlights
- High‑visibility location on Little Road with easy access to major highways.
- Adaptable 2,300+ sq. ft. building on over an acre with no load‑bearing walls, allowing for easy customization.
- Excellent accessibility with two curb cuts, a circular driveway, and over a dozen paved parking spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,125
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,500
$622.5K
Cap Rate 7%
$444,643
$444.6K
Cap Rate 9%
$345,833
$345.8K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$58.0K $25.20/SF
− Vacancy
−$6.1K −$2.65/SF
EGI
$51.9K $22.55/SF
− OpEx
−$20.7K −$9.02/SF
NOI
$31.1K $13.53/SF
Area
Pasco County, FL
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$622,500
Cap Rate 7%
$444,643
Cap Rate 9%
$345,833
Alternative Uses
Best Use
Healthcare Medical
$444.6K
$389.1K – $518.8K
NOI $31,125 @ 7.0% cap · market cap 5.28%
Second Best
Office B
$400.1K
$350.1K – $466.8K
NOI $28,005 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$717.3K
$627.6K – $836.9K
NOI $50,211 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 34654, FL
23,508
Population
10,372
Households
2.3
Avg Household Size
48
Median Age
22%
College-Educated
88%
High-School Grad
25.3 sq mi
ZIP Area
929
Density / Sq Mi
$64,210
Median Household Income
$41,221
Median Earnings
$1,449
Median Rent
$257,500
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in New Port Richey, FL
Properties on Market for Medical Office Space in New Port Richey
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Versatile commercial property with high visibility and accessibility.
Where is this medical office space located?
The property is located at 10129 LITTLE Rd New Port Richey, FL.
What is the asking price?
The asking price for this property is $589,988.
What are key features of this property?
This property features: High‑visibility location on Little Road with easy access to major highways.; Adaptable 2,300+ sq. ft. building on over an acre with no load‑bearing walls, allowing for easy customization.; Excellent accessibility with two curb cuts, a circular driveway, and over a dozen paved parking spaces.
