Mixed-Use Property with
For Sale
$799,000
5812 MISSOURI AVE, New Port Richey, FL 34652
Ground-floor commercial space sits beneath two separate apartments, with a pool, patio, and storage at the rear.
Property Size5,826 SF
Price / SF$137.14
Days on Market50
Property Features for 5812 MISSOURI AVE
General Information
Standard status
Active
Size
5,826 SF
Property subtype
Mixed Use
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Annual Taxes
$8,332
Amenities
pool
patio
storage
laundry room
Building Details
Building Size
5,826 SF
Year Built
1963
Buildings
1
Stories
2
Listing Agency:
CHARLES RUTENBERG REALTY INC
Listed By:
Angela Julian PA · License #3301225
(866) 580-6402
Source:
Therocksrealty
Added: Sep 17
Changed: Nov 2
Last Checked: Nov 4 at 8:55AM
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
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Investment Insights
Based on property information with market context.
A ground-level commercial area with a restroom and plumbing connections occupies the lower floor of this mixed-use property. Two separate apartments are located above: one has three bedrooms and two bathrooms, while the other contains two bedrooms and one bathroom. Each apartment has two entrances. The larger unit includes a dedicated laundry room, and a separate exterior-access laundry room serves the smaller apartment.
The property is one block from Main Street in New Port Richey. Site features include a single-car garage, parking space beside the building, and a backyard with a pool, patio, and additional storage. The building dates to 1963.
The property is one block from Main Street in New Port Richey. Site features include a single-car garage, parking space beside the building, and a backyard with a pool, patio, and additional storage. The building dates to 1963.
Key Highlights
- Two upstairs apartments: one with 3 bedrooms and 2 bathrooms, the other with 2 bedrooms and 1 bathroom
- Ground‑floor commercial area includes a restroom and plumbing connections
- Each apartment has two entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,359
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
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
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 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 9.06%
Second Best
Apartment 5plus
$765.5K
$669.8K – $893.0K
NOI $53,582 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,899 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,448
Businesses Nearby
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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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space sits beneath two separate apartments, with a pool, patio, and storage at the rear.
Where is this mixed-use property located?
The property is located at 5812 MISSOURI AVE New Port Richey, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two upstairs apartments: one with 3 bedrooms and 2 bathrooms, the other with 2 bedrooms and 1 bathroom; Ground‑floor commercial area includes a restroom and plumbing connections; Each apartment has two entrances
