Multi-Room Medical
For Sale
$500,000
5838 MAIN Street, New Port Richey, FL 34652
Commercial Sale, NEW PORT RICHEY, FL
Property Size1,900 SF
Lot Size0.08 Acres
Price / SF$263.16
Days on Market186
Property Features for 5838 MAIN Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
O
Subdivision
NEW PORT RICHEY CITY
Lot features
Sidewalk, Street Lights, Paved
Directions
From US-19 go east on Main Street to property on right.
Standard status
Active
APN
16-26-05-0030-07900-0090
Size
1,900 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CITY OF NEW PORT RICHEY PB 4 PG 49 LOT 9 & WEST 10 FT OF LOT 8 BLOCK 79 OR 9739 PG 991
Tax Annual Amount
5772
Legal Description
CITY OF NEW PORT RICHEY PB 4 PG 49 LOT 9 & WEST 10 FT OF LOT 8 BLOCK 79 OR 9739 PG 991
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central, Zoned
Cooling system
Central Air, Zoned
Water source
Public
Building Details
Year built
1969
Floors in Building
1
Number of units
1
Building materials
Block
Roof type
Membrane
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Jim Knetsch · License #3015997
(813) 629-0341
Added: Apr 13
Changed: Oct 15
Last Checked: Oct 15 at 12:06PM
MLS# TB8497632
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.
Investment Insights
Based on property information with market context.
This 1,900-square-foot, single-story medical office occupies a 0.08-acre parcel at 5838 Main Street in New Port Richey. The building has a multi-room interior, three restrooms, and block construction. It most recently operated as a dental office. The roof and two rooftop HVAC systems were replaced in 2023, and the property is zoned O.
Public parking is immediately adjacent to the building, with additional street parking on Main Street. Public water and sewer serve the property.
Public parking is immediately adjacent to the building, with additional street parking on Main Street. Public water and sewer serve the property.
Key Highlights
- 1,900‑square‑foot medical office on a 0.08‑acre parcel
- Multi‑room, single‑story layout with three restrooms
- Roof and two rooftop HVAC systems installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,524
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,480
$350.5K
Cap Rate 7%
$250,343
$250.3K
Cap Rate 9%
$194,711
$194.7K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$31.9K $16.80/SF
− Vacancy
−$2.7K −$1.43/SF
EGI
$29.2K $15.37/SF
− OpEx
−$11.7K −$6.15/SF
NOI
$17.5K $9.22/SF
Area
Pasco County, FL
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,480
Cap Rate 7%
$250,343
Cap Rate 9%
$194,711
Alternative Uses
Best Use
Healthcare Medical
$250.3K
$219.1K – $292.1K
NOI $17,524 @ 7.0% cap · market cap 3.50%
Second Best
Office B
$183.2K
$160.3K – $213.7K
NOI $12,822 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$432.8K
$378.7K – $505.0K
NOI $30,297 @ 7.0% cap · market cap 6.06%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,448
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story configuration with three restrooms and public parking immediately beside the property.
Where is this medical office space located?
The property is located at 5838 MAIN Street New Port Richey, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,900‑square‑foot medical office on a 0.08‑acre parcel; Multi‑room, single‑story layout with three restrooms; Roof and two rooftop HVAC systems installed in 2023
