Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Commercial Lot on Road Title is generated by Realmo AI

    4024 BARKER DRIVE, New Port Richey, FL 34652

    View on Map
    Claim this Listing
    For Sale
    $439,900

    Commercial lot on Road 54, Pasco County, C2 zoning.

    Lot size:
    0.90 Acres
    Added:
    Feb 14, 2025
    Days on Market:
    477
    Last Refresh:
    Mar 16 at 11:16 am

    Property Features for 4024 BARKER DRIVE

    General Information

    Standard status
    Active
    Lot size
    0.90 Acres

    We can help!

    Listing Contact
    MENA ANTANIOS
    MENA ANTANIOS

    Listing agent MENA ANTANIOS License #3366128

    Listing office TRINITY REALTY

    Listing date Feb 14, 2025

    Source Corcoran

    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 TRINITY REALTY

    HighLights

    • Prime commercial lot on Road 54 in Pasco County.
    • Zoned C2, allowing for a diverse range of commercial uses.
    • High‑traffic location with excellent visibility and access.
    • Lot size of 0.9 acres.
    • Located in Flood Zone X, indicating minimal flood risk.
    • Ideal for retail, office space, or other business ventures.

    Overview

    This commercial lot is located on Road 54 in Pasco County. The property is zoned C2, allowing for a diverse range of commercial uses. The lot size is 0.9 acres. The location on Road 54 provides excellent visibility and access. The property is located in Flood Zone X, indicating minimal flood risk. This lot is suitable for various business ventures, including a retail store or office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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
    -82.7191285
    Latitude
    28.2176778

    Nearby Similar for Sale

    • $595,000
      1,900 SF

      Downtown New Port Richey Office

      1,900 SF professional office building in booming downtown area.
      5838 MAIN STREET, NEW PORT RICHEY, FL 34652
      View Details
    • $849,000
      4,636 SF

      Automotive Service Property with Rental Units

      Corner-lot automotive service business plus three income-producing rental units on a heavily traveled Grand Blvd corridor.
      6118 GRAND BOULEVARD, NEW PORT RICHEY, FL 34652
      View Details
    • $579,900
      2,283 SF

      Waterfront Duplex with In-Law Suite

      Remodeled waterfront duplex with in-law suite, ideal for Airbnb.
      5822 RIVER ROAD, NEW PORT RICHEY, FL 34652
      View Details
    • $485,000
      44,867 SF

      Commercial Corner Lot in Florida

      1.03-acre commercial land suitable for various business ventures.
      0 MASSACHUSETTS AVENUE, NEW PORT RICHEY, FL 34653
      View Details
    • $189,000
      2,614 SF

      Turnkey Restaurant in New Port Richey

      Fully equipped 82-seat restaurant in downtown New Port Richey, Florida.
      5414 MAIN STREET, NEW PORT RICHEY, FL 34652
      View Details
    • $849,000
      4,636 SF

      Mixed-Use Corner Parcel with Automotive

      Mixed-use property on a corner lot combining a long-running automotive service business with occupied rental units.
      0 MASTER MECHANICS OF NEW PORT RICHEY, INC. BOULEVARD, NEW PORT RICHEY, FL 34652
      View Details
    • $299,000
      1,205 SF

      Cash Flowing Duplex For Sale

      Turnkey, renovated duplex with dual income stream and expansion potential.
      5045 GREEN KEY ROAD, NEW PORT RICHEY, FL 34652
      View Details
    • $399,000
      2,880 SF

      Freestanding Commercial Property in New Port Richey

      Freestanding 2,880 SF commercial building on 0.32-acre lot.
      6153 MASSACHUSETTS Ave, New Port Richey, FL 34653
      View Details
    • $1,898,000
      8,476 SF

      Medical/Mixed-Use Commercial Building For Sale

      Rare opportunity: mixed-use commercial building with multiple offices and ample parking.
      8726 OLD COUNTY ROAD 54, NEW PORT RICHEY, FL 34653
      View Details
    • $393,000

      Waterfront Land in Flor-a-Mar

      Prime waterfront parcel with dock in desirable Flor-a-Mar community.
      5008 ENSIGN LOOP, NEW PORT RICHEY, FL 34652
      View Details
    • $299,000
      1,736 SF

      Income Producing Duplex

      Two-unit income duplex with a roof under five years old and recent interior updates, located in a no-flood zone.
      6937 MCBRIDE COURT, NEW PORT RICHEY, FL 34652
      View Details
    • $250,000

      Land Assemblage in Growing Area

      Large land assemblage in New Port Richey, Florida.
      4710 TROUBLE CREEK ROAD, NEW PORT RICHEY, FL 34652
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot on Road 54, Pasco County, C2 zoning.
    Where is this commercial land located?
    The property is located at 4024 BARKER DRIVE New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $439,900.
    What are key features of this property?
    This property features: Prime commercial lot on Road 54 in Pasco County.; Zoned C2, allowing for a diverse range of commercial uses.; High‑traffic location with excellent visibility and access.
    (347) 543-4080
    We can help!
    Listing Contact
    MENA ANTANIOS
    MENA ANTANIOS
    Real Estate License ID: 3366128
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4024 BARKER DRIVE, NEW PORT RICHEY, FL 34652
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!