Retail
For Sale
Contact for pricing
Pending
7205 US-19, New Port Richey, FL 34652
Commercial retail space positioned along US-19 in New Port Richey.
Property Size3,206 SF
Days on Market154
Property Features for 7205 US-19
General Information
Standard status
Pending
Size
3,206 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Corbett & Dullea Real Estate
Listed By:
Christopher Oliveto · License #SL3568006
Source:
Crexi
Added: Apr 4
Changed: Sep 2
Last Checked: Sep 1 at 8:40AM
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 Corbett & Dullea Real Estate
Investment Insights
Based on property information with market context.
This retail property provides 3,206 square feet of commercial space at 7205 US-19 in New Port Richey, Florida. The asset is identified as retail space within a commercial property setting.
Key Highlights
- 3,206 square feet of retail space
- Located at 7205 US‑19, New Port Richey, FL 34652
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,475
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$629,500
$629.5K
Cap Rate 7%
$449,643
$449.6K
Cap Rate 9%
$349,722
$349.7K
Market Conditions
NOI Build-Up for 3,206 SF
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.
Gross rent
$48.1K $15.00/SF
− Vacancy
−$3.1K −$0.98/SF
EGI
$45.0K $14.03/SF
− OpEx
−$13.5K −$4.21/SF
NOI
$31.5K $9.82/SF
Area
Pasco County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$629,500
Cap Rate 7%
$449,643
Cap Rate 9%
$349,722
Alternative Uses
Best Use
Retail
$449.6K
$393.4K – $524.6K
NOI $31,475 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$730.3K
$639.0K – $852.0K
NOI $51,122 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 35%
Home Improvements & Furnishings 14%
Hotels & Casinos 7%
Scooter's Coffee
Dining
4,342 visits/mo
0.1 miles
Avis Budget Car Rental
Shops & Services
1,593 visits/mo
0.1 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,433 visits/mo
0.4 miles
Mobil
Shops & Services
977 visits/mo
0.3 miles
U-Haul
Shops & Services
930 visits/mo
0.3 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Commercial retail space positioned along US-19 in New Port Richey.
Where is this retail space located?
The property is located at 7205 US-19 New Port Richey, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 3,206 square feet of retail space; Located at 7205 US‑19, New Port Richey, FL 34652
