Profitable Retail Property with
4132 Little Road New Port Richey, FL 34653
4132 Little Road, New Port Richey, FL, 34653
Contact for pricing
For Sale
Contact for pricing
Fully leased retail with development opportunity in New Port Richey.
Property Size16,178 SF
Price / SF$216.34
Days on Market61
Property Features for 4132 Little Road
General Information
- Standard status
- Active
- Size
- 16,178 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2008
Listing Agency
Mazi Realty
Listed by
Thano Mazas · License #BK3432799
Source
Crexi
Added: May 18 Checked: Jul 17 at 6:19 am
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 Mazi Realty
Investment Insights
Based on property information with market context.
This Florida retail property features a fully-leased, recession-resistant asset. The property is anchored by an established Ace Hardware franchisee under a 10-year lease extending through 2031, with three 5-year options extending visibility through 2046. A contractual 10% rent step-up is scheduled for October 2026. Adjacent to the storefront is a 5,500 square foot pad, subdivided, leveled, with infrastructure in place and lease-protected. The property offers the potential for a QSR or drive-thru build.
Key Highlights
- Fully‑leased property with Ace Hardware tenant through 2031, potentially to 2046, for stable cash flow.
- Recession‑resistant Ace Hardware ensures consistent income.
- Significant 10% rent increase contractually locked in for October 2026.
Local Financial Insights For Retail
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 | $242.7k | $15.00 |
| − Vacancy | −$15.8k | −$0.98 |
| EGI | $226.9k | $14.03 |
| − OpEx | −$68.1k | −$4.21 |
| NOI | $158.8k | $9.82 |
16,178 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.27M
$1.99M – $2.65M
NOI $158,828 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.69M
$3.22M – $4.30M
NOI $257,968 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Resharp
Sharpening Service
D's ACE Hardware ...
Building Supply
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Fully leased retail with development opportunity in New Port Richey.
Where is this retail space located?
The property is located at 4132 Little Road New Port Richey, FL.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Fully‑leased property with Ace Hardware tenant through 2031, potentially to 2046, for stable cash flow.; Recession‑resistant Ace Hardware ensures consistent income.; Significant 10% rent increase contractually locked in for October 2026.
