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 Market232
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: Oct 25
Last Checked: Oct 26 at 3:37PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$17,761
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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
