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    5140 Deer Park Dr New Port Richey, FL 34653

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    For Lease
    $38,952

    End-cap unit in a high-visibility professional center.

    Property size:
    10,067 SF
    Lot size:
    4.30 Acres

    Property Features for 5140 Deer Park Dr

    General Information

    Standard status
    Active
    Size
    10,067 SF
    Lot size
    4.30 Acres

    Building Details

    Year built
    2007

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    Listing Contact
    Michael Braccia, Pa
    Source: Exitrealty

    Listing Agency: BAY STREET COMMERCIAL LLC Listing Agent: Michael Braccia, Pa

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

    Learn more

    Overview

    Retail Space in Deer Park

    This 1,640 square foot end-cap unit is located at the front of a complex within the Deer Park Professional Center. The space features an open floor shell. Situated in the Seven Springs area along Little Road, just north of SR 54 and the Trinity Medical Center, the location offers high visibility and ample parking with a ratio of 5.9 per 1000. The property is surrounded by a mix of medical and retail establishments and is directly across from River Crossings Shopping Center. Nearby neighbors include Starbucks, McDonalds, Monticciolo Family Dentistry, Sonny's BBQ, Verizon Wireless, and Dunkin Donuts. The property is located near the intersection of Little Road and Troublecreek Road, east of US-19, north of State Road 54, and west of the Suncoast Highway, near the Trinity market. The owner, a general contractor specializing in building medical spaces, offers build-to-suit options or tenant improvement allowance for qualified tenants and lease terms, allowing for a customized floorplan. The initial estimated monthly rent is $3,246, including base rate and CAM, plus applicable sales tax. Estimated CAM is $7.75 per square foot per year. The lease rate is $16 per square foot per year, NNN.
    Location Intelligence

    Current Use by Public Records

    Dr. Katina Fosen Physician AdventHealth North Pinellas Hospital Dr. Palanisamy Rathinasamy Physician Wesley Neill Valdes Physician Wesley Valdes Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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
    -82.6679969
    Latitude
    28.2348004

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    FAQs

    What type of property is this?
    Retail space - End-cap unit in a high-visibility professional center.
    Where is this retail space located?
    The property is located at 5140 Deer Park Dr New Port Richey, FL.
    What is the lease rate?
    The lease rate is $38,952.
    What are key features of this property?
    This property features: - Prime location in the highly visible Deer Park Professional Center on busy Little Road in the thriving Seven Springs/Trinity area.; - Open floor shell space (1,640 SF) allowing for custom build-out to suit specific business needs.; - Build-to-suit option or tenant improvement allowance available for qualified tenants and lease terms.
    (813) 254-2110
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    5140 Deer Park Dr New Port Richey, FL 34653
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    New Port Richey, FL 34653
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5140 Deer Park Dr New Port Richey, FL 34653
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    We can help!
    Listing Contact
    Michael Braccia, Pa
    Real Estate License ID: 3033512
    (813) 254-2110 (813) 625-2375 (813) 254-6756
    Learn more
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