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    5305 Grand Blvd New Port Richey, FL 34652

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    For Sale
    $1,337,158

    Long-term leased medical office in New Port Richey, Florida.

    Property size:
    4,324 SF
    Lot size:
    0.62 Acres

    Property Features for 5305 Grand Blvd

    General Information

    Size
    4,324 SF
    Lot size
    0.62 Acres

    Source: STREAM Capital Partners Agent Connor Shell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Port Richey Medical Office

    This property, located in New Port Richey, Florida, features a long-term (15-year) absolute triple net lease with 2.50% annual escalations. The tenant, Rowan Eye Center, has been in operation for over 20 years and offers a variety of services to its patients. The property is situated in a location with a population of over 65,000 within a 3-mile radius. The site is positioned along a main thoroughfare, providing access to over 60,000 vehicles per day. A direct residential consumer base of more than 83,000 residents supports the trade area, with an average household income of $60,100 within a 3-mile radius. The property has a size of 4,324 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Alicia Havens Optometrist John Williams Optometrist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -82.7230293
    Latitude
    28.2358943

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    FAQs

    What type of property is this?
    Medical office - Long-term leased medical office in New Port Richey, Florida.
    Where is this medical office located?
    The property is located at 5305 Grand Blvd New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $1,337,158.
    What are key features of this property?
    This property features: - Long term (15-year) absolute triple net lease with 2.50% annual escalations.; - Located in New Port Richey, FL (Tampa MSA).; - High traffic location with over 60,000 VPD.
    (312) 899-6664
    Request Owner's contact information
    5305 Grand Blvd New Port Richey, FL 34652
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    New Port Richey, FL 34652
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5305 Grand Blvd New Port Richey, FL 34652
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