For Sale
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5636 GRAND BLVD, New Port Richey, FL 34652
Office Units
Property Size6,847 SF
Price / SF$186.21
Days on Market133
Property Features for 5636 GRAND BLVD
General Information
Standard status
Active
Size
6,847 SF
Total Parking Spaces
48
Property subtype
Office
Zoning
Office
Building Details
Year Built
1977
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
KW Commercial Orlando Lake Nona
Listed By:
DJ Frees · License #FL SL3432139
Source:
Crexi
Added: Jun 18
Changed: Oct 25
Last Checked: Oct 26 at 4:19PM
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 KW Commercial Orlando Lake Nona
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Key Highlights
- Office building built in 1977
- 6,847 SF multi‑tenant office property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,205
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$924,100
$924.1K
Cap Rate 7%
$660,071
$660.1K
Cap Rate 9%
$513,389
$513.4K
Market Conditions
NOI Build-Up for 6,847 SF
Gross rent
$75.6K $11.04/SF
− Vacancy
−$14.0K −$2.04/SF
EGI
$61.6K $9.00/SF
− OpEx
−$15.4K −$2.25/SF
NOI
$46.2K $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%
$924,100
Cap Rate 7%
$660,071
Cap Rate 9%
$513,389
Alternative Uses
Best Use
Office B
$660.1K
$577.6K – $770.1K
NOI $46,205 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,180 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,255
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
Where is this office unit located?
The property is located at 5636 GRAND BLVD New Port Richey, FL.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Office building built in 1977; 6,847 SF multi‑tenant office property
