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    Freestanding Commercial Asset in Port Richey Title is generated by Realmo AI

    7853 Leo Kidd Ave, Port Richey, FL 34668

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    For Sale
    $1,500,000

    Versatile commercial property in an active industrial corridor.

    Type:Warehouse
    Property size:
    8,550 SF
    Lot size:
    0.44 Acres
    Price / SF:
    $175/SF
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 4:59 am

    Property Features for 7853 Leo Kidd Ave

    General Information

    Standard status
    Active
    Size
    8,550 SF
    Lot size
    0.44 Acres
    Property subtype
    Warehouse

    Building Details

    Year Built
    2009

    We can help!

    Listing Contact
    Devin Guilliams

    Listing agent Devin Guilliams License #FL: SL3422521

    Listing office Tampa Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Tampa Office

    HighLights

    • Standalone commercial facility offering control without multi‑tenant constraints.
    • Functional lot size supports on‑site parking and outdoor storage.
    • Convenient access to US‑19 and major transportation routes.
    • Adaptable layout suitable for warehouse, service, contractor, storage, and office‑industrial uses.
    • Strong local demand for small‑bay industrial space.
    • Value‑add potential through improvements, re‑tenanting, or redevelopment.

    Overview

    The property at 7853 Leo Kidd Avenue is a freestanding commercial asset in Port Richey, Pasco County, Florida, within the Tampa Bay metropolitan region. It is situated in an established light industrial and service-oriented corridor characterized by contractor, automotive, and small warehouse users. The property occupies approximately 0.44 acres and benefits from a functional lot size that supports on-site parking, outdoor storage, and operational flexibility. Its location provides convenient access to US-19 and other major transportation routes serving Pasco County and the greater Gulf Coast market. The single-story building has a metal exterior and metal roof, consistent with light industrial and warehouse design. The existing improvements provide a practical and adaptable layout capable of accommodating a variety of permitted uses, including warehouse, service, contractor, storage, and office-industrial configurations. The building’s construction and layout allow for efficient operations with limited common areas, reducing unnecessary overhead while maintaining flexibility for tenant or owner customization. The property offers the opportunity to control a standalone commercial facility without the constraints typically associated with multi-tenant properties. The zoning allows for a broad range of commercial and light industrial uses, enabling businesses to adapt the property as operational needs evolve. The site is well suited for users seeking a combination of indoor workspace and yard area, and it provides the ability for an owner to occupy the entire property or potentially offset occupancy costs through partial leasing, where permitted. The property benefits from strong local demand fundamentals for small-bay industrial and service space in Pasco County. The asset’s zoning flexibility broadens the potential tenant base, supporting leasing durability. Additionally, the property presents value-add potential through physical improvements, re-tenanting, or operational enhancements, with longer-term upside through repositioning or redevelopment, subject to local approvals. The property size is 8550 square feet.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $106.9k $12.50
    − Vacancy −$8.9k −$1.04
    EGI $98.0k $11.46
    − OpEx −$14.7k −$1.72
    NOI $83.3k $9.74
    8,550 SF · lease $12.50/SF/yr · vacancy 8.30% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.19M
    $1.04M – $1.39M (±1% cap)
    NOI $83,304 @ 7.0% cap · market cap 5.55%
    Second Best
    Industrial
    $980.0K
    $857.5K – $1.14M (±1% cap)
    NOI $68,603 @ 7.0% cap · market cap 4.57%
    Theoretical Best
    Office A
    $1.95M
    $1.70M – $2.27M (±1% cap)
    NOI $136,335 @ 7.0% cap · market cap 9.09%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    • Palm Coast Center — 8050 Washington St, Port Richey, FL 34668
    • BMT Properties Southeast Inc — 7922 Grand Blvd, Port Richey, FL 34668
    • Gator State Storage — 7922 Grand Blvd, Port Richey, FL 34668
    • Fast and Forward Prep Center — 7801 Congress St, New Port Richey, FL 34653
    • Pete's Ultimate Movers — 7904 U.S. Hwy 19, Port Richey, FL 34668

    Location Insight

    • Map
    • Local Demand
    City
    Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.7159612
    Latitude
    28.2717721

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    FAQs

    What type of property is this?
    Warehouse - Versatile commercial property in an active industrial corridor.
    Where is this warehouse located?
    The property is located at 7853 Leo Kidd Ave Port Richey, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Standalone commercial facility offering control without multi‑tenant constraints.; Functional lot size supports on‑site parking and outdoor storage.; Convenient access to US‑19 and major transportation routes.
    (813) 387-4761
    We can help!
    Listing Contact
    Devin Guilliams
    Real Estate License ID: FL: SL3422521
    Learn More
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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
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