Market Building with Food
8040 Washington Street, Port Richey, FL 34668
For Sale
Contact for pricing
The existing format combines grocery sales, meat service, prepared food, and additional retail businesses.
Property Size12,420 SF
Price / SF$144.93
Days on Market40
Property Features for 8040 Washington Street
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Building Details
Buildings
Listing Agency:
F.I. Grey & Son
Listed By:
Robert "Bob" Upton · License #FL 3255388
(727) 214-7764
Source:
Crexi
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 8 at 4:42PM
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 F.I. Grey & Son
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 12,420-square-foot market building is configured for grocery retail, with a butcher operation and hot-food counter. Additional retail businesses are also part of the property. The commercial footprint can accommodate a single occupant or be divided for multiple retail operators.
The property is immediately adjacent to US-19 and is located at 8040 Washington Street in Port Richey, Florida.
The property is immediately adjacent to US-19 and is located at 8040 Washington Street in Port Richey, Florida.
Key Highlights
- 12,420‑square‑foot market building
- Includes supermarket, butcher service, and a hot‑food counter
- Additional retail businesses occupy the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,885
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,957,700
$3.0M
Cap Rate 7%
$2,112,643
$2.1M
Cap Rate 9%
$1,643,167
$1.6M
Market Conditions
NOI Build-Up for 12,420 SF
Gross rent
$223.6K $18.00/SF
− Vacancy
−$12.3K −$0.99/SF
EGI
$211.3K $17.01/SF
− OpEx
−$63.4K −$5.10/SF
NOI
$147.9K $11.91/SF
Area
Pasco County, FL
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,957,700
Cap Rate 7%
$2,112,643
Cap Rate 9%
$1,643,167
Alternative Uses
Best Use
Specialty Retail
$2.43M
$2.12M – $2.83M
NOI $169,906 @ 7.0% cap · market cap 9.44%
Second Best
Retail
$2.11M
$1.85M – $2.46M
NOI $147,885 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$3.87M
$3.39M – $4.52M
NOI $271,141 @ 7.0% cap · market cap 15.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
87k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 45%
Home Improvements & Furnishings 1%
Wawa
Shops & Services
43,103 visits/mo
0.5 miles
Culver's
Dining
18,666 visits/mo
0.4 miles
Dunkin' Donuts
Dining
11,939 visits/mo
0.4 miles
Hardee's
Dining
8,125 visits/mo
0.4 miles
Shell
Shops & Services
3,349 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The existing format combines grocery sales, meat service, prepared food, and additional retail businesses.
Where is this grocery and convenience store located?
The property is located at 8040 Washington Street Port Richey, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 12,420‑square‑foot market building; Includes supermarket, butcher service, and a hot‑food counter; Additional retail businesses occupy the property
