Three-Bay Auto
For Sale
$995,000
5541 US Highway 19, New Port Richey, FL 34652
C2-zoned automotive property with an open-span building and direct US Highway 19 access.
Property Size3,760 SF
Lot Size1.03 Acres
Price / SF$264.63
Days on Market155
Property Features for 5541 US Highway 19
General Information
Standard status
Active
Size
3,760 SF
Class
C
Lot size
1.03 Acres
Property subtype
Retail - Freestanding
Zoning
C2
Site & Location
Traffic Count
65,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
3,760 SF
Year Built
1977
Buildings
1
Construction
concrete block
Listing Agency:
Grimaldi Commercial Realty Corp.
(314) 477-1593
Listed By:
Jordan Levy · License ##SL3607889
Source:
Commercialcafe
Added: Mar 31
Changed: Aug 30
Last Checked: Aug 30 at 9:47AM
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 Grimaldi Commercial Realty Corp.
Investment Insights
Based on property information with market context.
This automotive property includes a 3,760-square-foot concrete block building constructed in 1977. The interior has been reconfigured as an open-span layout with three oversized commercial bays, supporting vehicle-oriented operations and flexible commercial use. The site encompasses 1.03 acres and carries C2 zoning.
The property fronts US Highway 19 in New Port Richey and records exposure to more than 65,000 vehicles per day. It is located minutes from SR-54 and coastal communities within Pasco County. The western rear portion contains a Category 3 wetland, while the highway-facing upland area provides the primary developed portion of the parcel.
The property fronts US Highway 19 in New Port Richey and records exposure to more than 65,000 vehicles per day. It is located minutes from SR-54 and coastal communities within Pasco County. The western rear portion contains a Category 3 wetland, while the highway-facing upland area provides the primary developed portion of the parcel.
Key Highlights
- 3,760 SF concrete block building constructed in 1977
- Three oversized commercial bays in an open‑span layout
- 1.03‑acre C2‑zoned automotive property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,914
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$738,280
$738.3K
Cap Rate 7%
$527,343
$527.3K
Cap Rate 9%
$410,156
$410.2K
Market Conditions
NOI Build-Up for 3,760 SF
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.
Gross rent
$56.4K $15.00/SF
− Vacancy
−$3.7K −$0.98/SF
EGI
$52.7K $14.03/SF
− OpEx
−$15.8K −$4.21/SF
NOI
$36.9K $9.82/SF
Area
Pasco County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$738,280
Cap Rate 7%
$527,343
Cap Rate 9%
$410,156
Alternative Uses
Best Use
Retail
$527.3K
$461.4K – $615.2K
NOI $36,914 @ 7.0% cap · market cap 3.71%
Second Best
Industrial
$431.0K
$377.1K – $502.8K
NOI $30,169 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$856.5K
$749.4K – $999.3K
NOI $59,955 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
65,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,254
Businesses Nearby
250k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 27%
Dining 27%
Groceries 17%
Shops & Services 12%
Publix
Groceries
41,625 visits/mo
0.5 miles
T.J. Maxx
Apparel
36,265 visits/mo
0.5 miles
Burlington
Apparel
32,323 visits/mo
0.3 miles
McDonald's
Dining
23,124 visits/mo
0.3 miles
Big Lots
Superstores
18,111 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Jon's Mobile Mechanics — 4851 Cactus Dr, New Port Richey, FL 34652
- Flea Market Window Tinting — 4914 US-19, New Port Richey, FL 34652
- Goodyear Independent Tire Dealer NPR CRYSTAL BEACH TIRE & AUTO — 5038 U.S. Hwy 19, New Port Richey, FL 34652
- Take 5 Oil Change — 5028 U.S. Hwy 19, New Port Richey, FL 34652
- Precision Tires And Auto — 5144 U.S. Hwy 19, New Port Richey, FL 34652
Frequently Asked Questions
What type of property is this?
Auto shop - C2-zoned automotive property with an open-span building and direct US Highway 19 access.
Where is this auto shop located?
The property is located at 5541 US Highway 19 New Port Richey, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,760 SF concrete block building constructed in 1977; Three oversized commercial bays in an open‑span layout; 1.03‑acre C2‑zoned automotive property
