Mixed-Use Property with
For Sale
$799,000
5812 MISSOURI Avenue, New Port Richey, FL 34652
Commercial Sale, NEW PORT RICHEY, FL
Property Size5,826 SF
Lot Size0.17 Acres
Price / SF$137.14
Days on Market50
Property Features for 5812 MISSOURI Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MF2
Subdivision
NEW PORT RICHEY CITY
Lot features
Corner Lot, Fire Hydrant, City Limits, Near Public Transit
Directions
Adding north on US 19 turn right onto Maine Street, then right onto Adams Street, and the building will be on the corner of Adams Street and Missouri Avenue.
Standard status
Active
APN
16-26-05-0030-10700-0010
Size
5,826 SF
Lot size
0.17 Acres
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2025
Tax Description
CITY OF NEW PORT RICHEY PB 4 PG 49 LOT 1 BLOCK 107
Tax Annual Amount
8333
Legal Description
CITY OF NEW PORT RICHEY PB 4 PG 49 LOT 1 BLOCK 107
Utilities
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s)
Amenities
garage
pool
patio
storage
Building Details
Year built
1963
Floors in Building
2
Building materials
Block, Stucco, Frame
Roof type
Shingle
Additional Structures
Storage
Buildings
1
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Angela Julian PA · License #3301225
(727) 520-2157
Added: Sep 17
Changed: Oct 26
Last Checked: Nov 5 at 12:06AM
MLS# TB8549429
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,826-square-foot mixed-use property, built in 1963, combines a ground-floor commercial area with two apartments above. The commercial space has a restroom and plumbing connections. One apartment offers three bedrooms, two bathrooms, and a private laundry room; the other has two bedrooms, one bathroom, and access to a separate exterior laundry room. The building also includes a single-car garage and storage space.
The 0.17-acre property is one block from Main Street in New Port Richey. Outdoor features include a backyard pool and patio, with space beside the building for on-site parking. Public parking is across the street, and street parking is also available nearby. The property is zoned MF2.
The 0.17-acre property is one block from Main Street in New Port Richey. Outdoor features include a backyard pool and patio, with space beside the building for on-site parking. Public parking is across the street, and street parking is also available nearby. The property is zoned MF2.
Key Highlights
- 5,826‑square‑foot building on a 0.17‑acre lot
- Ground‑floor commercial area with restroom and plumbing connections
- Two upstairs apartments: one with 3 bedrooms and 2 bathrooms, the other with 2 bedrooms and 1 bathroom
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
Retail
$817.1K
$715.0K – $953.3K
NOI $57,197 @ 7.0% cap · market cap 7.16%
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
Multi-tenant
Tenancy
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 Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A street-level commercial space with plumbing and a restroom is configured below two separate residential apartments.
Where is this mixed-use property located?
The property is located at 5812 MISSOURI Avenue 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: 5,826‑square‑foot building on a 0.17‑acre lot; Ground‑floor commercial area with restroom and plumbing connections; Two upstairs apartments: one with 3 bedrooms and 2 bathrooms, the other with 2 bedrooms and 1 bathroom
