Multi-Tenant Warehouse
For Sale
$2,699,999
11918 MANCINI Way, New Port Richey, FL 34654
Commercial Sale, NEW PORT RICHEY, FL
Property Size16,000 SF
Lot Size2.47 Acres
Price / SF$168.75
Days on Market52
Property Features for 11918 MANCINI Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Subdivision
FOREST ACRES
Directions
State Road 52 location. Property is east of Little RD on the south side of SR 52.
Standard status
Active
APN
17-25-07-001.0-000.00-005.0
Lot size
2.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FOREST ACRES UNIT ONE PB 8 PG 72 TRACT 5 EXC THAT POR LYING IN FOLL DESC PROP: COM AT INTERSECTION OF SLY R/W LINE OF SR 52 & WLY LINE OF TRACT 3 FOR POB TH S00DG 22' 03"W ALG SAID WLY LINE 27.54 FT TH N79 DG 41' 56"E 357.46 FT TO PC TH 221.66 FT ALG ARC OF 3843.03 FT RAD CURVE CONCAVE SLY CHD BRG N81DG 21' 05"E THRU CEN- TRAL ANGLE OF 03DG 18' 17" TO ELY LINE OF TRACT 5 TH N00DG 18' 25"E ALG SAID ELY LINE 33.20 FT TO SLY R/W LINE OF SR 52 TH 53.65 FT ALG ARC OF 1859.86 FT RAD CURVE CONCAVE SLY CHD BRG S80DG 31' 31"W THRU CENTRAL ANGLE OF 01DG 39' 10" TO PT TH S79DG 42' 12"W ALG SAID R/W LINE 526.37 FT TO POB;TOGETHER WITH INGRESS/ EGRESS EASEMENT PER OR 5262 PG 603 OR 1318 PG 1583
Tax Annual Amount
15930
Legal Description
FOREST ACRES UNIT ONE PB 8 PG 72 TRACT 5 EXC THAT POR LYING IN FOLL DESC PROP: COM AT INTERSECTION OF SLY R/W LINE OF SR 52 & WLY LINE OF TRACT 3 FOR POB TH S00DG 22' 03"W ALG SAID WLY LINE 27.54 FT TH N79 DG 41' 56"E 357.46 FT TO PC TH 221.66 FT ALG ARC OF 3843.03 FT RAD CURVE CONCAVE SLY CHD BRG N81DG 21' 05"E THRU CEN- TRAL ANGLE OF 03DG 18' 17" TO ELY LINE OF TRACT 5 TH N00DG 18' 25"E ALG SAID ELY LINE 33.20 FT TO SLY R/W LINE OF SR 52 TH 53.65 FT ALG ARC OF 1859.86 FT RAD CURVE CONCAVE SLY CHD BRG S80DG 31' 31"W THRU CENTRAL ANGLE OF 01DG 39' 10" TO PT TH S79DG 42' 12"W ALG SAID R/W LINE 526.37 FT TO POB;TOGETHER WITH INGRESS/ EGRESS EASEMENT PER OR 5262 PG 603 OR 1318 PG 1583
Building Details
Year built
2006
Floors in Building
1
Building materials
Metal Frame
Listing Agency:
STROMER GROUP INC
(727) 457-5926
Listed By:
Rameena Stromer · License #704679
(727) 849-1411
Added: Aug 17
Changed: Sep 1
Last Checked: Oct 7 at 5:06AM
MLS# W7888737
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.
Investment Insights
Based on property information with market context.
This fully leased warehouse property contains 16,000 square feet across two metal buildings, with four 4,000-square-foot bays. Metal-frame construction dates to 2006, and the configuration accommodates multiple occupants within a functional industrial setting.
The 2.47-acre parcel includes asphalt paving, on-site parking, internal circulation improvements, and a separately fenced area for outdoor storage. The property is located at 11918 Mancini Way in New Port Richey, Florida, 34654, within Pasco County.
The 2.47-acre parcel includes asphalt paving, on-site parking, internal circulation improvements, and a separately fenced area for outdoor storage. The property is located at 11918 Mancini Way in New Port Richey, Florida, 34654, within Pasco County.
Key Highlights
- Fully leased 16,000‑square‑foot industrial asset
- Four 4,000‑square‑foot bays across two metal buildings
- 2.47‑acre parcel with asphalt paving and on‑site parking
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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Similar Off Market Nearby
- Mr Chucks Storage — 9539 State Rd 52, Hudson, FL 34669
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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 property with four bays distributed across two metal buildings and a fenced outdoor storage area.
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: Fully leased 16,000‑square‑foot industrial asset; Four 4,000‑square‑foot bays across two metal buildings; 2.47‑acre parcel with asphalt paving and on‑site parking
