For Sale
$235,000
4923 STATE ROAD 54, New Port Richey, FL 34652
Commercial Sale, NEW PORT RICHEY, FL
Property Size852 SF
Lot Size0.14 Acres
Price / SF$275.82
Days on Market95
Property Features for 4923 STATE ROAD 54
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Subdivision
GROVE PARK
Lot features
Near Public Transit, Oversized Lot, Sidewalk, Paved
Directions
Head northeast on US-19 N. Turn right onto FL-54 E. Make a U-turn at Jupiter Dr. Property will be on the right.
Standard status
Active
APN
16-26-18-008.0-00C.00-044.0
Size
852 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GROVE PARK 3 PB 7 PG 97 LOT 44 BLK C OR 9511 PG 3326
Tax Annual Amount
887
Legal Description
GROVE PARK 3 PB 7 PG 97 LOT 44 BLK C OR 9511 PG 3326
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1964
Floors in Building
1
Flooring type
Tile
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS RLTY NEW TAMPA · Keller Williams Realty
(813) 994-4422
Listed By:
Tahitiana Chaffin, PA
(813) 388-8582
Added: Jul 15
Changed: Oct 16
Last Checked: Oct 17 at 11:06PM
MLS# TB8529533
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,836
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$156,720
$156.7K
Cap Rate 7%
$111,943
$111.9K
Cap Rate 9%
$87,067
$87.1K
Market Conditions
NOI Build-Up for 852 SF
Gross rent
$15.3K $18.00/SF
− Vacancy
−$1.1K −$1.28/SF
EGI
$14.2K $16.72/SF
− OpEx
−$6.4K −$7.52/SF
NOI
$7.8K $9.20/SF
Area
Pasco County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$156,720
Cap Rate 7%
$111,943
Cap Rate 9%
$87,067
Alternative Uses
Best Use
Apartment 5plus
$111.9K
$98.0K – $130.6K
NOI $7,836 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$194.1K
$169.8K – $226.4K
NOI $13,586 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
Explore this area
Business Placement
Demographics for 34652, FL
26,697
Population
14,700
Households
1.8
Avg Household Size
51
Median Age
20%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
3,104
Density / Sq Mi
$52,396
Median Household Income
$36,819
Median Earnings
$1,189
Median Rent
$198,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
Where is this commercial land located?
The property is located at 4923 STATE ROAD 54 New Port Richey, FL.
What is the asking price?
The asking price for this property is $235,000.
