Freestanding Commercial Asset in Port
7853 Leo Kidd Ave, Port Richey, FL 34668
For Sale
Contact for pricing
Versatile commercial property in an active industrial corridor.
Property Size8,550 SF
Lot Size0.44 Acres
Price / SF$153
Days on Market273
Property Features for 7853 Leo Kidd Ave
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Investment Type
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
Marcus & Millichap
Listed By:
Devin Guilliams · License FL SL3422521
(813) 387-4761
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$83,304
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,666,080
$1.7M
Cap Rate 7%
$1,190,057
$1.2M
Cap Rate 9%
$925,600
$925.6K
Market Conditions
NOI Build-Up for 8,550 SF
Gross rent
$106.9K $12.50/SF
− Vacancy
−$8.9K −$1.04/SF
EGI
$98.0K $11.46/SF
− OpEx
−$14.7K −$1.72/SF
NOI
$83.3K $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 Rate 5%
$1,666,080
Cap Rate 7%
$1,190,057
Cap Rate 9%
$925,600
Alternative Uses
Best Use
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,304 @ 7.0% cap · market cap 6.37%
Second Best
Flex RnD
$1.11M
$966.9K – $1.29M
NOI $77,353 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$2.67M
$2.33M – $3.11M
NOI $186,655 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
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
$168,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Pasco County, FL
Properties on Market for Warehouses in Pasco County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Fast and Forward Prep Center — 7801 Congress St, New Port Richey, FL 34653
- BMT Properties Southeast Inc — 7922 Grand Blvd, Port Richey, FL 34668
- Gator State Storage — 7922 Grand Blvd, Port Richey, FL 34668
- Pete's Ultimate Movers — 7904 U.S. Hwy 19, Port Richey, FL 34668
- Palm Coast Center — 8050 Washington St, Port Richey, FL 34668
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.
