Mixed-Use Property on US
For Sale
$600,000
7618 US HIGHWAY 19, New Port Richey, FL 34652
Income-producing property with commercial space and residential units.
Property Size3,194 SF
Lot Size0.62 Acres
Price / SF$419.58
Days on Market186
Property Features for 7618 US HIGHWAY 19
General Information
Standard status
Active
Size
3,194 SF
Lot size
0.62 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,028
Building Details
Building Size
3,194 SF
Year Built
1950
Stories
1
Listing Agency:
CENTURY 21 ELITE LOCATIONS, INC
Listed By:
Samer Samhoury · License #3453868
(813) 853-2780
Source:
Elliman
Added: Mar 11
Changed: Sep 11
Last Checked: Sep 12 at 7:53AM
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 1,430 square foot commercial building has multiple permitted uses. There are also five residential units totaling 1,764 square feet, all leased on 12-month rental agreements. The property offers cash flow with an 8% cap rate. The property has long-term tenants and visibility for future retail or office possibilities. The office building is currently vacant.
Key Highlights
- High Income Potential: Enjoy an 8% Cap Rate
- Mixed‑Use Property: Commercial building with five residential units
- Fully Leased Residential Units: All units have 12‑month rental agreements
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
$17,761
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
2.96%
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%
$355,220
$355.2K
Cap Rate 7%
$253,729
$253.7K
Cap Rate 9%
$197,344
$197.3K
Market Conditions
NOI Build-Up for 1,430 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
$30.9K $21.60/SF
− Vacancy
−$2.5K −$1.73/SF
EGI
$28.4K $19.87/SF
− OpEx
−$10.7K −$7.45/SF
NOI
$17.8K $12.42/SF
Area
Pasco County, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$355,220
Cap Rate 7%
$253,729
Cap Rate 9%
$197,344
Alternative Uses
Best Use
Mixed Use
$253.7K
$222.0K – $296.0K
NOI $17,761 @ 7.0% cap · market cap 2.96%
Second Best
Retail
$200.6K
$175.5K – $234.0K
NOI $14,039 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$325.7K
$285.0K – $380.0K
NOI $22,802 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
639
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing property with commercial space and residential units.
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 $600,000.
What are key features of this property?
This property features: High Income Potential: Enjoy an 8% Cap Rate; Mixed‑Use Property: Commercial building with five residential units; Fully Leased Residential Units: All units have 12‑month rental agreements
