Multi-Tenant Warehouse
For Sale
$2,699,999
11918 MANCINI WAY, New Port Richey, FL 34654
Fully leased industrial asset with four bays across two metal buildings and a fenced area for outdoor storage.
Property Size16,000 SF
Lot Size2.47 Acres
Price / SF$168.75
Days on Market50
Property Features for 11918 MANCINI WAY
General Information
Standard status
Active
Size
16,000 SF
Lot size
2.47 Acres
Property subtype
Warehouse
Occupancy
100%
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$15,930
Building Details
Building Size
16,000 SF
Year Built
2006
Buildings
2
Construction
metal
Tenancy
Multi
Listing Agency:
STROMER GROUP INC
Listed By:
Rameena Stromer · License #704679
(727) 457-5926
Source:
Kingofrealestate
Added: Aug 19
Changed: Oct 4
Last Checked: Oct 5 at 8:48PM
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 STROMER GROUP INC
Investment Insights
Based on property information with market context.
This fully leased warehouse property contains 16,000 square feet across two metal buildings, arranged as four 4,000-square-foot bays. Built in 2006, the industrial improvements serve a diversified tenant roster with service, marine, martial arts, and healthcare users.
The 2.47-acre site in New Port Richey includes asphalt paving, parking, internal circulation areas, and a separately fenced section designated for outdoor storage. These site components support day-to-day industrial operations while providing distinct areas for tenant access and exterior storage.
The 2.47-acre site in New Port Richey includes asphalt paving, parking, internal circulation areas, and a separately fenced section designated for outdoor storage. These site components support day-to-day industrial operations while providing distinct areas for tenant access and exterior storage.
Key Highlights
- 16,000 square feet of warehouse space across two metal buildings
- Four 4,000‑square‑foot bays in a multi‑tenant configuration
- Fully leased to tenants spanning service, marine, martial arts, and healthcare uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$155,890
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,117,800
$3.1M
Cap Rate 7%
$2,227,000
$2.2M
Cap Rate 9%
$1,732,111
$1.7M
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$200.0K $12.50/SF
− Vacancy
−$16.6K −$1.04/SF
EGI
$183.4K $11.46/SF
− OpEx
−$27.5K −$1.72/SF
NOI
$155.9K $9.74/SF
Area
Pasco County, FL
Vacancy
8.30%
Lease Rate
$12.50 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,117,800
Cap Rate 7%
$2,227,000
Cap Rate 9%
$1,732,111
Alternative Uses
Best Use
Warehouse
$2.23M
$1.95M – $2.60M
NOI $155,890 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.64M
$3.19M – $4.25M
NOI $255,130 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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- Storage World and Car Wash — 10522 State Rd 52, Hudson, FL 34669
Frequently Asked Questions
What type of property is this?
Warehouse - Fully leased industrial asset with four bays across two metal buildings and a fenced area for outdoor storage.
Where is this warehouse located?
The property is located at 11918 MANCINI WAY New Port Richey, FL.
What is the asking price?
The asking price for this property is $2,699,999.
What are key features of this property?
This property features: 16,000 square feet of warehouse space across two metal buildings; Four 4,000‑square‑foot bays in a multi‑tenant configuration; Fully leased to tenants spanning service, marine, martial arts, and healthcare uses
