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    New Port Richey Warehouse Title is generated by Realmo AI

    11321 US Hwy 19, New Port Richey, FL

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    32,016 SF warehouse for sale in Florida.

    Type:INDUSTRIAL
    Property size:
    32,016 SF
    Lot size:
    8.50 Acres
    Price / SF:
    $164/SF
    Added:
    Dec 13, 2024
    Days on Market:
    544
    Last Refresh:
    May 19 at 8:33 pm

    Property Features for 11321 US Hwy 19

    General Information

    Standard status
    Active
    Size
    32,016 SF
    Lot size
    8.50 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Marko Radosavljevic
    Marko Radosavljevic

    Listing agent Marko Radosavljevic License #3464113

    Listing office Commercial Partners Realty

    Listing date Dec 13, 2024

    Source Moodyscre

    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 Commercial Partners Realty

    HighLights

    • 32,016 SF warehouse
    • For sale
    • Located in Florida

    Overview

    This property is a 32,016 square foot warehouse located in New Port Richey, Florida.

    Local Financial Insights For Warehouse

    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 $400.2k $12.50
    − Vacancy −$33.2k −$1.04
    EGI $367.0k $11.46
    − OpEx −$55.0k −$1.72
    NOI $311.9k $9.74
    32,016 SF · lease $12.50/SF/yr · vacancy 8.30% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $4.46M
    $3.90M – $5.20M (±1% cap)
    NOI $311,936 @ 7.0% cap · market cap 5.91%
    Second Best
    Industrial
    $3.67M
    $3.21M – $4.28M (±1% cap)
    NOI $256,888 @ 7.0% cap · market cap 4.87%
    Theoretical Best
    Office A
    $7.29M
    $6.38M – $8.51M (±1% cap)
    NOI $510,514 @ 7.0% cap · market cap 9.68%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.7272
    Latitude
    28.2688

    FAQs

    What type of property is this?
    Industrial property - 32,016 SF warehouse for sale in Florida.
    Where is this industrial property located?
    The property is located at 11321 US Hwy 19 New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $5,275,000.
    What are key features of this property?
    This property features: 32,016 SF warehouse; For sale; Located in Florida
    (813) 993-6555 Call to check price and availability
    More about this property
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