Mixed-Use Property with
For Sale
$495,000
7813 Leo Kidd Ave, Port Richey, FL 34668
Live-work configuration combines a remodeled residence, garage, fenced grounds, and a separate office-equipped metal building.
Property Size1,818 SF
Lot Size0.50 Acres
Price / SF$272.28
Days on Market64
Property Features for 7813 Leo Kidd Ave
General Information
Standard status
Active
Size
1,818 SF
Lot size
0.50 Acres
Zoning
C-3
Additional Details
Fenced Yard
Yes
Clear Height
11 ft
Building Details
Year Built
1980
Construction
metal
Listing Agency:
RE/MAX SUNSET REALTY
(813) 690-5898
Listed By:
Brian Pfister · License #3040827
Source:
Chenoregroup
Added: Jun 28
Changed: Aug 29
Last Checked: Aug 25 at 4:16AM
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 RE/MAX SUNSET REALTY
Investment Insights
Based on property information with market context.
This mixed-use property in Port Richey is configured for combined residential and commercial use. The main CBS structure, built in 1980, includes three bedrooms, two bathrooms, tile flooring, a granite kitchen, remodeled bathrooms, and central air conditioning. The residence offers more than 1,800 square feet of heated and cooled space, plus an attached 440-square-foot garage with two vehicle bays.
A separate metal building adds overhead doors, an air-conditioned office, 11-foot interior height, and electric service. Two additional carport structures provide further covered space. The nearly one-half-acre parcel is fully fenced and carries C-3 zoning, supporting the property's existing live-work arrangement and other commercial applications permitted under that designation.
A separate metal building adds overhead doors, an air-conditioned office, 11-foot interior height, and electric service. Two additional carport structures provide further covered space. The nearly one-half-acre parcel is fully fenced and carries C-3 zoning, supporting the property's existing live-work arrangement and other commercial applications permitted under that designation.
Key Highlights
- C‑3 zoning on a nearly 1/2‑acre parcel
- 3‑bedroom, 2‑bath CBS residence built in 1980
- More than 1,800 SF of heated and cooled residential space
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
$22,580
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
4.56%
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%
$451,600
$451.6K
Cap Rate 7%
$322,571
$322.6K
Cap Rate 9%
$250,889
$250.9K
Market Conditions
NOI Build-Up for 1,818 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
$39.3K $21.60/SF
− Vacancy
−$3.1K −$1.73/SF
EGI
$36.1K $19.87/SF
− OpEx
−$13.5K −$7.45/SF
NOI
$22.6K $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%
$451,600
Cap Rate 7%
$322,571
Cap Rate 9%
$250,889
Alternative Uses
Best Use
Mixed Use
$322.6K
$282.3K – $376.3K
NOI $22,580 @ 7.0% cap · market cap 4.56%
Second Best
Flex RnD
$279.6K
$244.6K – $326.2K
NOI $19,569 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$414.1K
$362.4K – $483.2K
NOI $28,989 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
923
Businesses Nearby
Explore this area
Business Placement
Demographics for 34668, FL
48,781
Population
23,883
Households
2
Avg Household Size
45
Median Age
13%
College-Educated
88%
High-School Grad
15.5 sq mi
ZIP Area
3,147
Density / Sq Mi
$45,760
Median Household Income
$35,610
Median Earnings
$1,278
Median Rent
$168,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Live-work configuration combines a remodeled residence, garage, fenced grounds, and a separate office-equipped metal building.
Where is this mixed-use property located?
The property is located at 7813 Leo Kidd Ave Port Richey, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: C‑3 zoning on a nearly 1/2‑acre parcel; 3‑bedroom, 2‑bath CBS residence built in 1980; More than 1,800 SF of heated and cooled residential space
