5435 BEACH STREET New Port Richey, FL 34652
Six income-generating apartments near downtown New Port Richey.
Property Features for 5435 BEACH STREET
General Information
- Standard status
- Active
- Size
- 3,168 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1982
Listing office EPIQUE REALTY, INC. (813) 928-0440
Listing date Apr 11, 2025
Source Exitrealty
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 EPIQUE REALTY, INC.
Investment Insights
Based on property information with market context.
Key Highlights
- Below appraised value.
- Six income‑generating apartments across three buildings.
- Four of six units currently rented, providing immediate income.
Local Financial Insights For Apartment 5plus
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 | $57.0k | $18.00 |
| − Vacancy | −$4.0k | −$1.28 |
| EGI | $53.0k | $16.72 |
| − OpEx | −$23.8k | −$7.52 |
| NOI | $29.1k | $9.20 |
