Functional Warehouse in Growing
For Sale
$650,000
7816 CLARK MOODY BOULEVARD, Port Richey, FL 34668
5,173 SF warehouse with functional layout on 0.46 acres.
Property Size4,400 SF
Lot Size0.46 Acres
Price / SF$147.73
Days on Market188
Property Features for 7816 CLARK MOODY BOULEVARD
General Information
Standard status
Active
Size
4,400 SF
Lot size
0.46 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,166
Amenities
Pool
Public Pool
Building Details
Year Built
1986
Listing Agency:
JAY ALAN REAL ESTATE
(855) 529-2526
Listed By:
JAY PHILLIPS
Source:
Corcoran
Added: Feb 2
Changed: Aug 8
Last Checked: Aug 8 at 6:13AM
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 JAY ALAN REAL ESTATE
Investment Insights
Based on property information with market context.
This 5,173 square foot warehouse is located in the Pasco County submarket. Constructed in 1986, the building features an open and functional layout on a 0.46-acre lot. It has a 10-foot clear height and a surface parking ratio of 1.35 per 1,000 square feet, providing 7 spaces. The property is zoned C3. It benefits from strong market fundamentals, including rising demand and limited supply in the Pasco County industrial corridor. The location provides access to US Hwy 19 and is within an hour's drive of Tampa International and St. Pete-Clearwater International airports. This property may suit an end-user or investor seeking warehouse space in a growing Tampa Bay submarket.
Key Highlights
- Located in the growing Pasco County submarket with strong market fundamentals.
- Functional 5,173 SF warehouse layout.
- Quick access to US Hwy 19.
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
$42,870
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
6.60%
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%
$857,400
$857.4K
Cap Rate 7%
$612,429
$612.4K
Cap Rate 9%
$476,333
$476.3K
Market Conditions
NOI Build-Up for 4,400 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
$55.0K $12.50/SF
− Vacancy
−$4.6K −$1.04/SF
EGI
$50.4K $11.46/SF
− OpEx
−$7.6K −$1.72/SF
NOI
$42.9K $9.74/SF
Area
Pasco County, FL
Vacancy
8.30%
Lease Rate
$12.50 /SF/Yr
Expense Ratio
15.00%
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%
$857,400
Cap Rate 7%
$612,429
Cap Rate 9%
$476,333
Alternative Uses
Best Use
Warehouse
$612.4K
$535.9K – $714.5K
NOI $42,870 @ 7.0% cap · market cap 6.60%
Second Best
Industrial
$504.4K
$441.3K – $588.4K
NOI $35,305 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$1.00M
$877.0K – $1.17M
NOI $70,161 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
923
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Palm Coast Center — 8050 Washington St, Port Richey, FL 34668
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- Gator State Storage — 7922 Grand Blvd, Port Richey, FL 34668
- Fast and Forward Prep Center — 7801 Congress St, New Port Richey, FL 34653
- Pete's Ultimate Movers — 7904 U.S. Hwy 19, Port Richey, FL 34668
Frequently Asked Questions
What type of property is this?
Warehouse - 5,173 SF warehouse with functional layout on 0.46 acres.
Where is this warehouse located?
The property is located at 7816 CLARK MOODY BOULEVARD Port Richey, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Located in the growing Pasco County submarket with strong market fundamentals.; Functional 5,173 SF warehouse layout.; Quick access to US Hwy 19.
