6703-6707 Massachusetts Ave, New Port Richey, FL
Free-standing commercial building with investment and user opportunities.
- Added:
- Nov 5, 2024
- Days on Market:
- 586
- Last Refresh:
- May 20 at 8:43 pm
Property Features for 6703-6707 Massachusetts Ave
General Information
- Standard status
- Active
- Size
- 3,844 SF
- Lot size
- 0.35 Acres
- Property subtype
- OFFICE
Properties For Sale
at 6703-6707 Massachusetts Ave Contact usListing agent Lawrence D Gilbert (727) 580-8446
Listing office Klein & Heuchan, Inc. (727) 580-8446
Listing date Nov 5, 2024
Source Moodyscre
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 Klein & Heuchan, Inc.
HighLights
- Free‑standing commercial investment property.
- Opportunity for investor/user to occupy 1,724 SF of available space.
- High visibility on Massachusetts Ave.
- Excellent signage.
- Approximately 3,844 SF building.
- Two tenants already occupying 55% of the building.
Overview
Local Financial Insights For Office B
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 | $42.4k | $11.04 |
| − Vacancy | −$7.9k | −$2.04 |
| EGI | $34.6k | $9.00 |
| − OpEx | −$8.6k | −$2.25 |
| NOI | $25.9k | $6.75 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Port Richey
- County
- Pasco
- State
- Florida
- Longitude
- -82.7039
- Latitude
- 28.259
