Mixed-Use Property with
New
For Sale
$849,000
5812 MISSOURI, New Port Richey, FL 34652
Two residential apartments sit above adaptable ground-floor commercial space with plumbing connections and an existing restroom.
Property Size5,826 SF
Days on Market2
Property Features for 5812 MISSOURI
General Information
Standard status
Active
Size
5,826 SF
Property subtype
Commercial
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,332
Amenities
pool
patio
storage
on-site laundry
Building Details
Building Size
5,826 SF
Year Built
1963
Buildings
1
Listing Agency:
Charles Rutenberg Realty, Inc
Listed By:
Angela Julian PA · License #3301225
(727) 520-2157
Source:
Elliman
Added: Sep 18
Last Checked: Sep 18 at 4:00PM
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 Charles Rutenberg Realty, Inc
Investment Insights
Based on property information with market context.
Built in 1963, this mixed-use property combines a flexible commercial level with two separate residential apartments. The ground floor has an existing restroom, plumbing connections, and open space suitable for a future business concept, subject to zoning, permitting, and applicable approvals. A single-car garage, adjacent on-site parking area, exterior storage, and a pool with patio are also included.
The upper level contains a three-bedroom, two-bathroom apartment and a two-bedroom, one-bathroom apartment. Each residence has two entrances; the larger unit includes a private laundry room, while an exterior-access laundry room serves the two-bedroom unit. The property is located at 5812 Missouri in New Port Richey, one block from Main Street and near downtown. Buyer and buyer’s agent are responsible for verifying zoning, permitted uses, permits, parking availability, and rental opportunities.
The upper level contains a three-bedroom, two-bathroom apartment and a two-bedroom, one-bathroom apartment. Each residence has two entrances; the larger unit includes a private laundry room, while an exterior-access laundry room serves the two-bedroom unit. The property is located at 5812 Missouri in New Port Richey, one block from Main Street and near downtown. Buyer and buyer’s agent are responsible for verifying zoning, permitted uses, permits, parking availability, and rental opportunities.
Key Highlights
- Mixed‑use property with two residential apartments and adaptable commercial space
- Ground floor includes an existing restroom and plumbing connections
- Three‑bedroom, two‑bathroom apartment with private laundry room
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
$72,359
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
8.52%
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%
$1,447,180
$1.4M
Cap Rate 7%
$1,033,700
$1.0M
Cap Rate 9%
$803,989
$804.0K
Market Conditions
NOI Build-Up for 5,826 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
$125.8K $21.60/SF
− Vacancy
−$10.1K −$1.73/SF
EGI
$115.8K $19.87/SF
− OpEx
−$43.4K −$7.45/SF
NOI
$72.4K $12.42/SF
Area
Pasco County, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,447,180
Cap Rate 7%
$1,033,700
Cap Rate 9%
$803,989
Alternative Uses
Best Use
Mixed Use
$1.03M
$904.5K – $1.21M
NOI $72,359 @ 7.0% cap · market cap 8.52%
Second Best
Retail
$817.1K
$715.0K – $953.3K
NOI $57,197 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,899 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,448
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential apartments sit above adaptable ground-floor commercial space with plumbing connections and an existing restroom.
Where is this mixed-use property located?
The property is located at 5812 MISSOURI New Port Richey, FL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Mixed‑use property with two residential apartments and adaptable commercial space; Ground floor includes an existing restroom and plumbing connections; Three‑bedroom, two‑bathroom apartment with private laundry room
