Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Retail Space For Lease Title is generated by Realmo AI

    5422 MAIN St, New Port Richey, FL 34652

    View on Map
    Claim this Listing
    For Lease
    $22,848 SF/Yr $3,465,280/Mo (calc)

    Downtown New Port Richey retail space available for lease.

    Type:Commercial
    Property size:
    1,820 SF
    Added:
    Apr 24, 2026
    Days on Market:
    38
    Last Refresh:
    Apr 24 at 3:58 pm

    Property Features for 5422 MAIN St

    General Information

    Standard status
    Active
    Size
    1,820 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    James Bailey

    Listing agent James Bailey License #3368352

    Listing office FUTURE HOME REALTY INC

    Listing date Apr 24, 2026

    Source Elliman

    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 FUTURE HOME REALTY INC

    HighLights

    • Prime Downtown New Port Richey location at the signalized intersection of Main Street and River Road.
    • Ample parking with over 50 spaces plus a parking garage.
    • 1,820 SF of downtown retail space.
    • Affordable lease rate of $13/SF + NNN ($4/SF CAM).
    • Open floor plan with two side rooms.
    • Main Street pylon and unit signage available.

    Overview

    This property offers an opportunity to lease retail space in Downtown New Port Richey, situated at the signalized intersection of Main Street and River Road. The location features ample parking, including over 50 spaces and a parking garage. The available space is 1,820 square feet with an open floor plan, two side rooms, and one bathroom. Signage options include a Main Street pylon and unit signage. The property is located on the West Side of the river.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare 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
    -82.7247221
    Latitude
    28.2497886

    Nearby Similar for Lease

    • $3,900/Mo
      1,350 SF

      New Port Richey Medical Suite

      Versatile 1,350 SF medical suite in a professional complex.
      5341 GRAND BOULEVARD, NEW PORT RICHEY, FL 34652
      View Details
    • $17 SF/Yr
      14,282 SF

      Downtown New Port Richey Retail

      Retail space in a high-traffic downtown location.
      5418 MAIN STREET, NEW PORT RICHEY, FL 34652
      View Details
    • $3,990/Mo
      2,400 SF

      Professional Office Space For Rent

      2,400 SF office space with 11 private offices.
      7517 LITTLE ROAD, NEW PORT RICHEY, FL 34654
      View Details
    • $14 SF/Yr
      4,820 SF

      Updated Office Space in Downtown

      Professional office space with residential apartment in New Port Richey.
      6232 MADISON STREET, NEW PORT RICHEY, FL 34652
      View Details
    • $1,875/Mo
      1,400 SF

      Office Space Near Pasco Courthouse

      High-visibility office space with dedicated traffic light access.
      7511 LITTLE ROAD, NEW PORT RICHEY, FL 34654
      View Details
    • $14 SF/Yr
      1,033 SF

      New Port Richey Office Space

      Office space for lease in high-traffic New Port Richey location.
      5340 GULF DRIVE, NEW PORT RICHEY, FL 34652
      View Details
    • $14 SF/Yr
      1,040 SF

      New Port Richey Office Space

      Office space for lease in high-traffic New Port Richey location.
      5340 GULF DRIVE, NEW PORT RICHEY, FL 34652
      View Details
    • $14 SF/Yr
      1,033 SF

      New Port Richey Office Space

      Office space for lease in high-traffic New Port Richey location.
      5340 GULF DRIVE, NEW PORT RICHEY, FL 34652
      View Details
    • $14 SF/Yr
      1,040 SF

      New Port Richey Office Space

      Office space for lease in high-traffic New Port Richey location.
      5340 GULF DRIVE, NEW PORT RICHEY, FL 34652
      View Details
    • $25 SF/Yr
      338 SF

      Office Space in Attorney's Office

      Office space with shared amenities in New Port Richey, FL.
      5422 TROUBLE CREEK ROAD, NEW PORT RICHEY, FL 34652
      View Details
    • $11,700/Mo
      760 SF

      New Port Richey Office Space

      760 Sq. Ft. office with bathroom and storage.
      7218 CONGRESS ST., New Port Richey, FL 34653
      View Details
    • $22,848 SF/Yr
      14,282 SF

      Retail Space on Main Street

      Retail space available for rent on Main Street.
      5422 MAIN STREET, NEW PORT RICHEY, FL 34652
      View Details

    FAQs

    What type of property is this?
    Retail space - Downtown New Port Richey retail space available for lease.
    Where is this retail space located?
    The property is located at 5422 MAIN St New Port Richey, FL.
    What is the lease rate?
    The lease rate is $22,848.
    What are key features of this property?
    This property features: Prime Downtown New Port Richey location at the signalized intersection of Main Street and River Road.; Ample parking with over 50 spaces plus a parking garage.; **1,820 SF of downtown retail space.**
    (727) 809-3038
    We can help!
    Listing Contact
    James Bailey
    Real Estate License ID: 3368352
    Learn More
    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
    5422 MAIN St, 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!