Highway Frontage Commercial
6217 US HIGHWAY 19 New Port Richey, FL 34652
For Sale
$649,900
Two commercial buildings with highway frontage and income-producing billboard.
Property Size4,314 SF
Lot Size0.65 Acres
Price / SF$150.65
Days on Market562
Property Features for 6217 US HIGHWAY 19
General Information
- Standard status
- Active
- Size
- 4,314 SF
- Lot size
- 0.65 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1962
Listing Agency:
NEW VISION REALTY INC
(727) 400-2352
Listed By:
Yasmina Jacaj · License #3566186
(727) 400-2352
Source:
Exitrealty
Added: Jan 10, 2025
Changed: Jul 10
Last Checked: Jul 25 at 4:12AM
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 NEW VISION REALTY INC
Investment Insights
Based on property information with market context.
This property, located off US Highway 19 S next to Main St in New Port Richey, is zoned in Pasco and includes almost 0.75 acres of land. The property features two commercial buildings and a double-sided billboard that generates rental income, currently $1,000 per month with a scheduled increase to $1,200 per month. The property provides approximately 150 feet of frontage on US Highway 19, which sees traffic counts exceeding 60,000 vehicles per day. The first building is approximately 2,500 square feet, featuring a spacious storefront and an area suitable for office, storage, or conversion to a restaurant. The second building is approximately 1,800 square feet and includes a storefront, as well as a separated office/storage area. Fenced land behind the buildings can be used for exterior storage or other entrepreneurial purposes. The total size of the buildings is 4,314 square feet. The property is being sold AS-IS, with value assessed on the land and billboard.
Key Highlights
- High‑traffic US Highway 19 frontage with over 60,000 vehicles per day.
- Rental income from a double‑sided billboard ($1000/month, increasing to $1200/month).
- Two commercial buildings: 2500 sqft and 1800 sqft, each with storefront and office/storage space.
Financial Insights For Mixed Use
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 | $93.2k | $21.60 |
| − Vacancy | −$7.5k | −$1.73 |
| EGI | $85.7k | $19.87 |
| − OpEx | −$32.1k | −$7.45 |
| NOI | $53.6k | $12.42 |
4,314 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$765.4K
$669.8K – $893.0K
NOI $53,580 @ 7.0% cap · market cap 8.24%
Second Best
Retail
$605.0K
$529.4K – $705.9K
NOI $42,353 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$982.7K
$859.9K – $1.15M
NOI $68,789 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Mixed-use property - Two commercial buildings with highway frontage and income-producing billboard.
Where is this mixed-use property located?
The property is located at 6217 US HIGHWAY 19 New Port Richey, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: High‑traffic US Highway 19 frontage with over 60,000 vehicles per day.; Rental income from a double‑sided billboard ($1000/month, increasing to $1200/month).; Two commercial buildings: 2500 sqft and 1800 sqft, each with storefront and office/storage space.
