Freestanding Commercial Asset in Port
For Sale
Contact for pricing
7853 Leo Kidd Ave, Port Richey, FL 34668
Versatile commercial property in an active industrial corridor.
Property Size8,550 SF
Lot Size0.44 Acres
Price / SF$153
Days on Market179
Property Features for 7853 Leo Kidd Ave
General Information
Standard status
Active
Size
8,550 SF
Lot size
0.44 Acres
Property subtype
Industrial
Zoning
C3
Investment Type
Owner/User
Building Details
Year Built
2009
Buildings
1
Stories
1
Units
1
Listing Agency:
Marcus & Millichap
Listed By:
Devin Guilliams · License #SL3422521
Source:
Crexi
Added: Feb 13
Changed: Aug 8
Last Checked: Aug 8 at 6:36AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
The property at 7853 Leo Kidd Avenue is a freestanding commercial asset in Port Richey, Pasco County, Florida, within the Tampa Bay metropolitan region. It is situated in an established light industrial and service-oriented corridor characterized by contractor, automotive, and small warehouse users. The property occupies approximately 0.44 acres and benefits from a functional lot size that supports on-site parking, outdoor storage, and operational flexibility. Its location provides convenient access to US-19 and other major transportation routes serving Pasco County and the greater Gulf Coast market. The property includes a single-story building constructed with a metal exterior and metal roof, consistent with light industrial and warehouse design. The existing improvements provide a practical and adaptable layout capable of accommodating a variety of permitted uses, including warehouse, service, contractor, storage, and office-industrial configurations. The building’s construction and layout allow for efficient operations with limited common areas. The property offers the opportunity to control a standalone commercial facility. The zoning allows for a broad range of commercial and light industrial uses, enabling businesses to adapt the property as operational needs evolve. The site is well suited for users seeking a combination of indoor workspace and yard area, and it provides the ability for an owner to occupy the entire property or potentially offset occupancy costs through partial leasing, where permitted. The property benefits from strong local demand fundamentals for small-bay industrial and service space in Pasco County. The 8550 square foot asset’s zoning flexibility broadens the potential tenant base, supporting leasing durability.
Key Highlights
- Freestanding commercial building in a high‑demand Tampa Bay location.
- Functional 0.44‑acre lot featuring on‑site parking and outdoor storage.
- Adaptable layout suitable for warehouse, service, contractor, storage, and office‑industrial uses.
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
$92,032
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
7.04%
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%
$1,840,640
$1.8M
Cap Rate 7%
$1,314,743
$1.3M
Cap Rate 9%
$1,022,578
$1.0M
Market Conditions
NOI Build-Up for 8,550 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
$153.9K $18.00/SF
− Vacancy
−$12.3K −$1.44/SF
EGI
$141.6K $16.56/SF
− OpEx
−$49.6K −$5.80/SF
NOI
$92.0K $10.76/SF
Area
Pasco County, FL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,840,640
Cap Rate 7%
$1,314,743
Cap Rate 9%
$1,022,578
Alternative Uses
Best Use
Flex RnD
$1.31M
$1.15M – $1.53M
NOI $92,032 @ 7.0% cap · market cap 7.04%
Second Best
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,304 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,335 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,139
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Versatile commercial property in an active industrial corridor.
Where is this warehouse located?
The property is located at 7853 Leo Kidd Ave Port Richey, FL.
What is the asking price?
The asking price for this property is $1,308,150.
What are key features of this property?
This property features: Freestanding commercial building in a high‑demand Tampa Bay location.; Functional 0.44‑acre lot featuring on‑site parking and outdoor storage.; Adaptable layout suitable for warehouse, service, contractor, storage, and office‑industrial uses.
