Flex Space with
For Sale
Contact for pricing
Pending
8499 Tom Chittum Loop, New Port Richey, FL 34653
Versatile commercial building combining dedicated office areas with warehouse space, loading access, parking, and LI zoning.
Property Size11,025 SF
Lot Size1.07 Acres
Days on Market200
Property Features for 8499 Tom Chittum Loop
General Information
Standard status
Pending
Size
11,025 SF
Total Parking Spaces
33
Lot size
1.07 Acres
Property subtype
Industrial
Zoning
LI
Lease Type
NNN
Investment Type
Owner/User
Warehouse & Industrial
Warehouse Space
8,052 SF
Office Build-Out
2,973 SF
Amenities
conference rooms
kitchen/break area
Building Details
Year Renovated
2025
Buildings
1
Building Size
11,025 SF
Listing Agency:
F.I. Grey & Son
Listed By:
Jeff Grey · License #FL 3278557
(727) 849-2424
Source:
Crexi
Added: Apr 1
Changed: Oct 6
Last Checked: Oct 16 at 8:01AM
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
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Investment Insights
Based on property information with market context.
This flex property combines office and warehouse functions within 11,025 square feet. The office component includes five offices, two conference rooms, three restrooms, and a spacious kitchen or break area. Warehouse operations are supported by four bay doors measuring 12 x 12, while the site provides 33 parking spaces.
The property occupies 1.07 acres at 8499 Tom Chittum Loop in New Port Richey, Florida. LI zoning supports its industrial-oriented commercial classification and complements the building’s blend of administrative and warehouse areas.
The property occupies 1.07 acres at 8499 Tom Chittum Loop in New Port Richey, Florida. LI zoning supports its industrial-oriented commercial classification and complements the building’s blend of administrative and warehouse areas.
Key Highlights
- 11,025 total sf with 2,973 sf of office and 8,052 sf of warehouse
- Five offices, two conference rooms, three restrooms, and a large kitchen/break area
- Four 12 x 12 bay doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,673
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,373,460
$2.4M
Cap Rate 7%
$1,695,329
$1.7M
Cap Rate 9%
$1,318,589
$1.3M
Market Conditions
NOI Build-Up for 11,025 SF
Gross rent
$198.5K $18.00/SF
− Vacancy
−$15.9K −$1.44/SF
EGI
$182.6K $16.56/SF
− OpEx
−$63.9K −$5.80/SF
NOI
$118.7K $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 Rate 5%
$2,373,460
Cap Rate 7%
$1,695,329
Cap Rate 9%
$1,318,589
Alternative Uses
Best Use
Flex RnD
$1.70M
$1.48M – $1.98M
NOI $118,673 @ 7.0% cap · market cap 4.94%
Second Best
Warehouse
$1.53M
$1.34M – $1.79M
NOI $107,418 @ 7.0% cap · market cap 4.48%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,800 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 34653, FL
33,381
Population
17,752
Households
1.9
Avg Household Size
49
Median Age
18%
College-Educated
90%
High-School Grad
10.9 sq mi
ZIP Area
3,062
Density / Sq Mi
$47,660
Median Household Income
$35,327
Median Earnings
$1,222
Median Rent
$180,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building combining dedicated office areas with warehouse space, loading access, parking, and LI zoning.
Where is this flex space located?
The property is located at 8499 Tom Chittum Loop New Port Richey, FL.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 11,025 total sf with 2,973 sf of office and 8,052 sf of warehouse; Five offices, two conference rooms, three restrooms, and a large kitchen/break area; Four 12 x 12 bay doors
