Reconfigurable Professional Office
New
For Sale
$750,000
11910 OAK TRAIL WAY, Port Richey, FL 34668
A professional office property with two current suites and the option to restore a three-unit layout.
Property Size4,367 SF
Lot Size0.33 Acres
Price / SF$171.74
Days on Market4
Property Features for 11910 OAK TRAIL WAY
General Information
Standard status
Active
Size
4,367 SF
Lot size
0.33 Acres
Property subtype
Office
Additional Details
Highway Access
Yes
Office Units
2
Property Use
Office
Taxes and HOA fees
Annual Taxes
$5,171
Amenities
covered outdoor patio
detached storage building
Building Details
Building Size
4,367 SF
Year Built
1980
Buildings
2
Tenancy
Multi
Listing Agency:
SANDPEAK REALTY
Listed By:
Linda Beach · License #3434120
(727) 998-4663
Source:
Kingofrealestate
Added: Nov 2
Changed: Nov 5
Last Checked: Nov 4 at 4:23PM
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 SANDPEAK REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1980 on a 0.33-acre parcel, this professional office property is currently arranged as two suites, with the option to return to a three-unit configuration. Improvements include a roof replacement in 2017, newer HVAC systems, updated exterior pavers and lighting, and paint completed in 2025. Paved parking and a covered outdoor patio are also on site. A detached storage building measuring 20’ x 11’6” provides additional space.
The property is near State Road 52 and U.S. Highway 19 in Port Richey, Florida.
The property is near State Road 52 and U.S. Highway 19 in Port Richey, Florida.
Key Highlights
- 0.33‑acre office property
- Currently configured as two suites; can be returned to a three‑unit layout
- Roof replaced in 2017; newer HVAC systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,469
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,380
$589.4K
Cap Rate 7%
$420,986
$421.0K
Cap Rate 9%
$327,433
$327.4K
Market Conditions
NOI Build-Up for 4,367 SF
Gross rent
$48.2K $11.04/SF
− Vacancy
−$8.9K −$2.04/SF
EGI
$39.3K $9.00/SF
− OpEx
−$9.8K −$2.25/SF
NOI
$29.5K $6.75/SF
Area
Pasco County, FL
Vacancy
18.50%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,380
Cap Rate 7%
$420,986
Cap Rate 9%
$327,433
Alternative Uses
Best Use
Office B
$421.0K
$368.4K – $491.2K
NOI $29,469 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$994.8K
$870.4K – $1.16M
NOI $69,634 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
822
Businesses Nearby
Explore this area
Business Placement
Demographics for 34668, FL
48,781
Population
23,883
Households
2
Avg Household Size
45
Median Age
13%
College-Educated
88%
High-School Grad
15.5 sq mi
ZIP Area
3,147
Density / Sq Mi
$45,760
Median Household Income
$35,610
Median Earnings
$1,278
Median Rent
$168,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A professional office property with two current suites and the option to restore a three-unit layout.
Where is this office building located?
The property is located at 11910 OAK TRAIL WAY Port Richey, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 0.33‑acre office property; Currently configured as two suites; can be returned to a three‑unit layout; Roof replaced in 2017; newer HVAC systems
