Five-Unit Office
For Sale
$725,000
5441 5443 JAMES STREET, New Port Richey, FL 34652
Corner commercial property with individually conditioned suites, dedicated parking, and security on windows and doors.
Property Size4,032 SF
Price / SF$179.81
Days on Market51
Property Features for 5441 5443 JAMES STREET
General Information
Standard status
Active
Size
4,032 SF
Total Parking Spaces
16
Property subtype
Business
Additional Details
Road Access
Yes
Office Units
5
Amenities
Individual Heat and Air
Security on all windows and doors
0.31 acres, Dimensions: 97X140, Central Business District, Corner Lot
Built-Up
Public Sewer
Additional parcels description:, Parcel Number: 08-26-16-0020-00000-0160, Public Survey Range: 16E, Public Survey Section: 8, Annual Amount: $4,053.73, Tax Block: 00000, Tax Book Number: 7-118, Legal Description: CASSANDRA CRESCENT PB 7 PG 118 LOTS 16 & 17 OR 1699 PG 1912 OR 9197 PG 3958, Lot: 16, Year: 2025, Zoning: 0000
Carpet
Gross Income: $70,000, Gross ScheduledIncome: $70,000, Net Operating Income: $52,000, Rent Only
Central Air
Central, Electric
Listing ID: MFRW7888904, Standard Status: Active, MLS Status: Active, Property Subtype: Business, On market as of 2026-08-31, 2 days on market, Special Conditions: None
Ground Level
Storm Window(s)
Built in 1986, Living area: 4032, Living area units: Square Feet, Building faces East, 2 stories, Levels: Two, Construction Materials: Concrete, Stucco
Subdivision: CASSANDRA CRESCENT, MLS Area (Major): 34652 - New Port Richey, County/Parish: Pasco
Completed
Electricity Available, Water Connected, Water Source: Public, 4 separate electric meters
Slab
Close Of Escrow
Allowed: No
Frontage Type: Business District, City Street, Main Throrughfare, Road Responsibility: Public Maintained Road, Road Surface: Asphalt, Paved
Accessible Electrical and Environmental Controls, Accessible Entrance, Accessible Full Bath, Visitor Bathroom, Accessible Central Living Area
Building Details
Year Built
1986
Listing Agency:
RITA HILL REAL ESTATE
(727) 849-2411
Listed By:
Rita Hill · License #39587
Source:
Miharaandassociates
Added: Aug 31
Changed: Oct 19
Last Checked: Oct 19 at 10:33AM
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 RITA HILL REAL ESTATE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property contains five units, each equipped with individual heat and air. The building was constructed in 1986 and includes security measures on all windows and doors, supporting a straightforward multi-suite office configuration.
Positioned at the corner of Gulf and James, the property includes a 16-space parking lot. Walk Score is 30, characterized as car-dependent, while Bike Score is 56, characterized as bikeable. The address is 5441–5443 James in New Port Richey, Florida.
Positioned at the corner of Gulf and James, the property includes a 16-space parking lot. Walk Score is 30, characterized as car-dependent, while Bike Score is 56, characterized as bikeable. The address is 5441–5443 James in New Port Richey, Florida.
Key Highlights
- Five office units with individual heat and air
- 16‑space parking lot
- Security on all windows and doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,209
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,180
$544.2K
Cap Rate 7%
$388,700
$388.7K
Cap Rate 9%
$302,322
$302.3K
Market Conditions
NOI Build-Up for 4,032 SF
Gross rent
$44.5K $11.04/SF
− Vacancy
−$8.2K −$2.04/SF
EGI
$36.3K $9.00/SF
− OpEx
−$9.1K −$2.25/SF
NOI
$27.2K $6.75/SF
Area
Pasco County, FL
Vacancy
18.50%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,180
Cap Rate 7%
$388,700
Cap Rate 9%
$302,322
Alternative Uses
Best Use
Office B
$388.7K
$340.1K – $453.5K
NOI $27,209 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$918.5K
$803.7K – $1.07M
NOI $64,293 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,257
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Corner commercial property with individually conditioned suites, dedicated parking, and security on windows and doors.
Where is this office building located?
The property is located at 5441 5443 JAMES STREET New Port Richey, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Five office units with individual heat and air; 16‑space parking lot; Security on all windows and doors
