Downtown Office Building For
5838 MAIN St New Port Richey, FL 34652
For Sale
$595,000
1,900 SF professional office building in booming downtown.
Property Size1,900 SF
Price / SF$313.16
Days on Market95
Property Features for 5838 MAIN St
General Information
- Standard status
- Active
- Size
- 1,900 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1969
Listing Agency:
LPT Realty, LLC.
(813) 563-2185
Listed By:
Kristie King, LLC · License #3015997
(813) 563-2185
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 6:03AM
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 LPT Realty, LLC.
Investment Insights
Based on property information with market context.
Located in the heart of historic downtown New Port Richey, this 1,900 SF professional office building benefits from high visibility and steady traffic. A new public parking lot is located immediately adjacent to the property, with additional street parking available along Main Street. The single-story layout includes three restrooms and a multi-room configuration, previously used as a dental office. This layout is suitable for various uses, including medical, dental, wellness, legal, financial services, salon suites, executive offices, or general professional office space. The interior is ready for renovation, presenting an opportunity for a customized space. The configuration also allows for multiple suites, making it suitable for multi-tenant income, professional office condos, or owner-occupancy. Constructed of concrete block, the property offers a strong Main Street presence and walkable downtown surroundings. Recent updates include a new roof in 2023 and two new rooftop HVAC systems in 2023. The location is positioned for long-term success, surrounded by a thriving and in-demand community. The property has a bike score of 43, indicating it is somewhat bikeable, and a walk score of 16, indicating car-dependent surroundings.
Key Highlights
- Prime Main Street location in booming Historic Downtown New Port Richey.
- New roof and two new rooftop HVAC systems installed in 2023.
- Adjacent to a new public parking lot, plus additional street parking.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.9k | $16.80 |
| − Vacancy | −$2.7k | −$1.43 |
| EGI | $29.2k | $15.37 |
| − OpEx | −$11.7k | −$6.15 |
| NOI | $17.5k | $9.22 |
1,900 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$250.3K
$219.1K – $292.1K
NOI $17,524 @ 7.0% cap · market cap 2.95%
Second Best
Office B
$183.2K
$160.3K – $213.7K
NOI $12,822 @ 7.0% cap · market cap 2.15%
Theoretical Best
Office A
$432.8K
$378.7K – $505.0K
NOI $30,297 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - 1,900 SF professional office building in booming downtown.
Where is this office building located?
The property is located at 5838 MAIN St New Port Richey, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Prime Main Street location in booming Historic Downtown New Port Richey.; New roof and two new rooftop HVAC systems installed in 2023.; Adjacent to a new public parking lot, plus additional street parking.
