Multi-Tenant Office Building

For Sale

$1,275,000

5636 GRAND Boulevard, New Port Richey, FL 34652

Commercial Sale, NEW PORT RICHEY, FL

Property Size6,950 SF

Lot Size0.94 Acres

Price / SF$183.45

Days on Market134

Property Features for 5636 GRAND Boulevard

General Information

Property type Commercial Sale

Property subtype Office

Directions Take I-4 West toward Tampa. Merge onto I-275 North toward St. Petersburg/Tampa International Airport. Take Exit 39 for FL-60 West briefly, then connect to US-19 North. Continue north on US-19 through Clearwater and Palm Harbor. In New Port Richey, turn left onto Main Street (FL-54). Turn right onto Grand Boulevard. Arrive at 5636 Grand Blvd, which will be on your left

Subdivision 34652 - New Port Richey

Standard status Active

APN 08 26 16 0340 00000 00B0

Lot size 0.94 Acres

Taxes and HOA fees

Tax Year 2025

Tax Description RIVER VILLAS PB 10 PGS 110 & 111 POR LOT B COM NE COR LOT B FOR POB TH S 115FT TH W 50FT TH S 77.51FT TH W 143.37FT TH N 44.14FT TH N 128.35FT TH ALG ARC OF CV R N 44DG E 21.21FT TH N 89DG E 10FT TH[full...]

Tax Annual Amount 16069

Legal Description RIVER VILLAS PB 10 PGS 110 & 111 POR LOT B COM NE COR LOT B FOR POB TH S 115FT TH W 50FT TH S 77.51FT TH W 143.37FT TH N 44.14FT TH N 128.35FT TH ALG ARC OF CV R N 44DG E 21.21FT TH N 89DG E 10FT TH[full...]

Utilities

Cooling system Central Air

Building Details

Year built 1977

Building materials Block

Listing Agency: KELLER WILLIAMS ADVANTAGE III · Keller Williams Realty

Listed By: Jeremy Miller

Added: Jun 17 Changed: Oct 12 Last Checked: Oct 28 at 10:06AM

MLS# S5152146

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Investment Insights

Based on property information with market context.

This multi-tenant office building is located at 5636 Grand Boulevard in New Port Richey, Florida. The property was constructed in 1977 using block construction and is equipped with central air conditioning.

The site encompasses 0.94 acres in Pasco County and carries a New Port Richey address within ZIP Code 34652. Its multi-tenant layout provides an established office configuration for an owner-user or investor, as identified in the property information.

Key Highlights

Multi‑tenant office building
0.94‑acre site
Block construction

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,900

Cap Rate

3.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$938,000 $938.0K

Cap Rate 7%

$670,000 $670.0K

Cap Rate 9%

$521,111 $521.1K

Market Conditions

NOI Build-Up for 6,950 SF

Gross rent

$76.7K $11.04/SF

− Vacancy

−$14.2K −$2.04/SF

EGI

$62.5K $9.00/SF

− OpEx

−$15.6K −$2.25/SF

NOI

$46.9K $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%

$938,000

Cap Rate 7%

$670,000

Cap Rate 9%

$521,111

Alternative Uses

Best Use

Office B

$670.0K

$586.3K – $781.7K (±1% cap)

NOI $46,900 @ 7.0% cap · market cap 3.68%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.58M

$1.39M – $1.85M (±1% cap)

NOI $110,822 @ 7.0% cap · market cap 8.69%

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

Catherine Rubio, Coldwell ... Real Estate Agency Sunista Realty Property Management Company Vicki Trenchard, Realtor Real Estate Agency Patty Vesh-Broker Associate Real Estate Agency Ana Sanchez, Coldwell ... Real Estate Agency