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    5427 Water St New Port Richey, FL 34652

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    For Sale
    $429,000

    2,920 SF professional office building in New Port Richey, FL.

    Property size:
    2,920 SF
    Lot size:
    0.19 Acres

    Property Features for 5427 Water St

    General Information

    Size
    2,920 SF
    Lot size
    0.19 Acres

    Source: Bay Street Commercial Agent Michael Braccia, P.A.

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

    Overview

    New Port Richey Office Building

    This 2,920 SF professional office building is located in New Port Richey on a shared (2 unit) site. The space was formerly used as a medical lab but could function as a medical office, given its location in a market surrounded by dense residential areas and complementary medical facilities. Upon entering, there is a large reception and waiting area with a waiting room that can accommodate 12-14 guests. The adjacent reception office is set up for two stations with an open bullpen area behind it. At the rear of the space, there are 4 private offices or exam rooms, 2 restrooms, a large open area, and another wide open bullpen area. The flexible open floor plan is suited for a new occupant to customize the space. The space is in need of some cosmetic improvement.
    Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Similar Places Nearby

    Vet Wellcare Vaccinations Clinic at Pet Supermarket

    Location Insight

    • Map
    • Local Demand
    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.7224473
    Latitude
    28.2379354

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    FAQs

    What type of property is this?
    Medical office - 2,920 SF professional office building in New Port Richey, FL.
    Where is this medical office located?
    The property is located at 5427 Water St New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $429,000.
    What are key features of this property?
    This property features: - 2,920 SF professional office building; - Suitable for medical office use; - Located in area with dense residential and complementary medical uses
    (813) 625-2375
    Request Owner's contact information
    5427 Water St 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
    5427 Water St New Port Richey, FL 34652
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