Professional Office Building with Updated
For Sale
$595,000
5838 MAIN Street, New Port Richey, FL 34652
SINGLE_FAMILY - NEW PORT RICHEY, FL
Property Size1,900 SF
Lot Size0.08 Acres
Price / SF$313.16
Days on Market112
Property Features for 5838 MAIN Street
General Information
Property type
Residential
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
Zoned, Central, Electric (Heating)
Cooling system
Zoned, Central Air
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: Aug 1
Last Checked: Aug 2 at 7:06PM
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 single-story professional office building totals 1,900 SF on a 0.08-acre lot. The multi-room layout includes three restrooms and has most recently operated as a long-standing dental office, with an existing foundation that can support a range of professional and medical-oriented uses. The interior is ready for renovation, offering an opportunity to design and build out a customized workspace.
Concrete block construction provides strong street presence on Main Street in historic downtown New Port Richey. A new public parking lot is immediately adjacent to the property, with additional street parking along Main Street, supporting convenient day-to-day access for visitors and staff.
Built in 1969, the building has public water and public sewer services. Updates include a new roof in 2023 and 2 brand new rooftop HVAC systems in 2023. Heating is described as zoned central electric, with cooling provided via central air and zoned systems, and the roof is noted as membrane.
Concrete block construction provides strong street presence on Main Street in historic downtown New Port Richey. A new public parking lot is immediately adjacent to the property, with additional street parking along Main Street, supporting convenient day-to-day access for visitors and staff.
Built in 1969, the building has public water and public sewer services. Updates include a new roof in 2023 and 2 brand new rooftop HVAC systems in 2023. Heating is described as zoned central electric, with cooling provided via central air and zoned systems, and the roof is noted as membrane.
Key Highlights
- 1,900 SF single‑story professional office on a 0.08‑acre lot
- Multi‑room layout with three restrooms, most recently operating as a dental office
- New roof in 2023 plus 2 brand new rooftop HVAC systems in 2023
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,068
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-story professional office on Main Street with three restrooms, concrete block construction, and a new roof plus rooftop HVAC.
Where is this office building 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 $595,000.
What are key features of this property?
This property features: 1,900 SF single‑story professional office on a 0.08‑acre lot; Multi‑room layout with three restrooms, most recently operating as a dental office; New roof in 2023 plus 2 brand new rooftop HVAC systems in 2023
