Mixed-Use Property with Live-Work
For Sale
$470,250
7813 LEO KIDD Avenue, Port Richey, FL 34668
Commercial Sale, PORT RICHEY, FL
Property Size1,818 SF
Lot Size0.47 Acres
Price / SF$258.66
Days on Market65
Property Features for 7813 LEO KIDD Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C3
Subdivision
GARDEN HILL
Directions
US 19 to E on Ridge Rd to S on Leo Kidd.
Standard status
Active
APN
16-25-32-001.0-000.00-008.0
Size
1,818 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GARDEN HILL PB 5 PG 42 LOT 8 & VACATED GARDEN AVE LYING SOUTH OF & ADJACENT TO PER OR 4080 PG 11 OR 3613 PG 1912
Tax Annual Amount
1801
Legal Description
GARDEN HILL PB 5 PG 42 LOT 8 & VACATED GARDEN AVE LYING SOUTH OF & ADJACENT TO PER OR 4080 PG 11 OR 3613 PG 1912
Utilities
Cooling system
Central Air
Building Details
Year built
1980
Floors in Building
1
Building materials
Block, Metal Frame, Metal Siding, Stucco
Listing Agency:
RE/MAX SUNSET REALTY · RE/MAX International
(727) 863-2402
Listed By:
Brian Pfister · License #3040827
(813) 690-5898
Added: Jun 22
Changed: Aug 24
Last Checked: Aug 25 at 9:06AM
MLS# W7886980
Copyright © 2026 West Pasco Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This C3-zoned mixed-use property includes a 1,818-square-foot block residence with three bedrooms, two bathrooms, tile flooring, granite kitchen finishes, remodeled bathrooms, and central air. The home also includes an attached two-car garage. A separate metal building provides overhead doors, an air-conditioned office, 11-foot interior height, and electric service. Two additional carport structures add covered storage capacity.
The property occupies 0.47 acres in Port Richey and is fully fenced. Built in 1980, the improvements combine residential space with work and storage components in a single live-work configuration. Construction includes block, metal frame, metal siding, and stucco materials.
The property occupies 0.47 acres in Port Richey and is fully fenced. Built in 1980, the improvements combine residential space with work and storage components in a single live-work configuration. Construction includes block, metal frame, metal siding, and stucco materials.
Key Highlights
- C3 zoning on a 0.47‑acre mixed‑use property
- 1,818‑square‑foot residence with 3 bedrooms and 2 bathrooms
- Attached 2‑car garage plus 2 additional carport structures
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
4.80%
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 4.80%
Second Best
Flex RnD
$279.6K
$244.6K – $326.2K
NOI $19,569 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$414.1K
$362.4K – $483.2K
NOI $28,989 @ 7.0% cap · market cap 6.16%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C3-zoned property combines a residence, separate metal building, office, garage, and covered storage structures.
Where is this mixed-use property located?
The property is located at 7813 LEO KIDD Avenue Port Richey, FL.
What is the asking price?
The asking price for this property is $470,250.
What are key features of this property?
This property features: C3 zoning on a 0.47‑acre mixed‑use property; 1,818‑square‑foot residence with 3 bedrooms and 2 bathrooms; Attached 2‑car garage plus 2 additional carport structures
