Mixed-Use Property on US
7618 US HIGHWAY 19 New Port Richey, FL 34652
7618 US HIGHWAY 19, New Port Richey, FL, 34652
$649,999
For Sale
$649,999
Income-producing property with commercial and residential units on high-traffic highway.
Property Size3,194 SF
Lot Size0.62 Acres
Price / SF$203.51
Days on Market265
Property Features for 7618 US HIGHWAY 19
General Information
- Standard status
- Active
- Size
- 3,194 SF
- Lot size
- 0.62 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
CENTURY 21 ELITE LOCATIONS, INC
(813) 960-0999
Listed by
SAMER SAMHOURY · License #3453868
Source
Corcoran
Added: Oct 29, 2025 Updated: Jul 10 at 12:54 pm Checked: Jul 20 at 4:04 am
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 CENTURY 21 ELITE LOCATIONS, INC
Investment Insights
Based on property information with market context.
This mixed-use property is located on US Highway 19 in New Port Richey. The property includes a 1,430 square foot commercial building with multiple permitted uses and five residential units totaling 1,764 square feet. All residential units are leased on 12-month rental agreements. The property offers cash flow with an 8% cap rate and visibility for future retail or office possibilities. The office building is currently vacant.
Key Highlights
- 8% cap rate: high return on investment.
- Mixed‑use property: diversified income streams.
- High‑traffic location on US Highway 19: excellent visibility and accessibility.
Local 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 | $69.0k | $21.60 |
| − Vacancy | −$5.5k | −$1.73 |
| EGI | $63.5k | $19.87 |
| − OpEx | −$23.8k | −$7.45 |
| NOI | $39.7k | $12.42 |
3,194 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$566.7K
$495.9K – $661.2K
NOI $39,669 @ 7.0% cap · market cap 6.10%
Second Best
Retail
$448.0K
$392.0K – $522.6K
NOI $31,357 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$727.6K
$636.6K – $848.8K
NOI $50,930 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Income-producing property with commercial and residential units on high-traffic highway.
Where is this mixed-use property located?
The property is located at 7618 US HIGHWAY 19 New Port Richey, FL.
What is the asking price?
The asking price for this property is $649,999.
What are key features of this property?
This property features: 8% cap rate: high return on investment.; Mixed‑use property: diversified income streams.; High‑traffic location on US Highway 19: excellent visibility and accessibility.
