Freestanding Commercial Asset in Port
7853 Leo Kidd Ave Port Richey, FL 34668
7853 Leo Kidd Ave, Port Richey, FL, 34668
$1,308,150
For Sale
$1,308,150
Versatile commercial property in an active industrial corridor.
Property Size8,550 SF
Lot Size0.44 Acres
Price / SF$153
Days on Market110
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
Listing agency
Tampa Office
(813) 387-4761
Listed by
Devin Guilliams · License #License(s): FL: SL3422521
(813) 387-4761
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 1:16PM Checked: Jul 21 at 3:08AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
NOI $83,304 @ 7.0% cap · market cap 6.37%
Second Best
Industrial
$980.0K
$857.5K – $1.14M
NOI $68,603 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,335 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
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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 $1,308,150.
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.
