Mixed-Use Building with Medical
For Sale
Under Contract
$1,898,000
8726 OLD COUNTY ROAD 54, New Port Richey, FL 34653
Commercial Sale, NEW PORT RICHEY, FL
Property Size8,476 SF
Lot Size1.14 Acres
Price / SF$223.93
Days on Market483
Property Features for 8726 OLD COUNTY ROAD 54
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Window features
Aluminum Frames, Double Pane Windows, Blinds
Accessibility
Accessible Approach with Ramp
Appliances
Refrigerator
Subdivision
ACREAGE
Directions
Take rt 54 W to Little Rd N. Turn left on Old County Rd 54. Arc Nature Coast is on the left just before Trinity Assisted Living.
Standard status
Active Under Contract
APN
16-26-23-000.0-005.00-001.0
Size
8,476 SF
Lot size
1.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
THE NORTH 285.91 FT OF THE WEST 216.00 FT OF THE NORTH 3/4 OF THE NE1/4 OF THE NE1/4 OF SECTION 23 THE EAST 30.00 FT THEREOF SUBJECT TO AN EASEMENT FOR PUBLIC ROAD RIGHT OF-WAY & UTULITIES & THE WEST 10.00 FT THEREOF SUBJECT TO AN EASEMENT FOR DRAINA GE & LESS THE NORTH 50.00 FT FOR ROAD RIGHT-OF-WAY FOR COUNTY ROAD 54 LESS THE FOLL PORTION THEREOF COM AT THE NW COR OF THE NE1/4 OF THE NE1/4 OF SECTION 23 TH S00DEG17' 21"E 285.91 FT FOR POB TH N86DEG49' 10"E 216.127 FT TH S00DEG17' 21"E 12.00 FT TH WEST 216.00 FT TO POB & SUBJ TO DRAINAGE ESMT PER OR 9611 PG 2412 OR 9409 PG 3571
Tax Annual Amount
703
Legal Description
THE NORTH 285.91 FT OF THE WEST 216.00 FT OF THE NORTH 3/4 OF THE NE1/4 OF THE NE1/4 OF SECTION 23 THE EAST 30.00 FT THEREOF SUBJECT TO AN EASEMENT FOR PUBLIC ROAD RIGHT OF-WAY & UTULITIES & THE WEST 10.00 FT THEREOF SUBJECT TO AN EASEMENT FOR DRAINA GE & LESS THE NORTH 50.00 FT FOR ROAD RIGHT-OF-WAY FOR COUNTY ROAD 54 LESS THE FOLL PORTION THEREOF COM AT THE NW COR OF THE NE1/4 OF THE NE1/4 OF SECTION 23 TH S00DEG17' 21"E 285.91 FT FOR POB TH N86DEG49' 10"E 216.127 FT TH S00DEG17' 21"E 12.00 FT TH WEST 216.00 FT TO POB & SUBJ TO DRAINAGE ESMT PER OR 9611 PG 2412 OR 9409 PG 3571
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Floors in Building
2
Flooring type
Carpet, Laminate
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Susan Colby · License #3310156
(727) 744-9108
Added: May 1, 2025
Changed: Aug 24
Last Checked: Aug 26 at 1:06AM
MLS# TB8378965
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This C1-zoned mixed-use building contains 8,476 square feet on a 1.14-acre parcel at 8726 Old County Road 54 in New Port Richey. The interior includes a front reception area, waiting room, 17 office spaces, 10 restrooms, two kitchenettes, and a full kitchen with laundry hookups. The layout is arranged as six units, providing flexibility for a multi-occupant configuration.
The property provides 50+ parking spaces around the front, rear, and east sides of the building, along with space for truck deliveries. Building systems and finishes include central heating and cooling, block and stucco construction, carpet and laminate flooring, public water and sewer, and an accessible approach with ramp. The fire alarm system was updated in 05/2024, and the shingle roof dates to 2012. The building was constructed in 1973.
The property provides 50+ parking spaces around the front, rear, and east sides of the building, along with space for truck deliveries. Building systems and finishes include central heating and cooling, block and stucco construction, carpet and laminate flooring, public water and sewer, and an accessible approach with ramp. The fire alarm system was updated in 05/2024, and the shingle roof dates to 2012. The building was constructed in 1973.
Key Highlights
- 8,476‑square‑foot mixed‑use building on 1.14 acres
- 17 office spaces and 10 restrooms
- Six‑unit configuration with reception and waiting areas
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
$105,272
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
5.55%
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%
$2,105,440
$2.1M
Cap Rate 7%
$1,503,886
$1.5M
Cap Rate 9%
$1,169,689
$1.2M
Market Conditions
NOI Build-Up for 8,476 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
$183.1K $21.60/SF
− Vacancy
−$14.6K −$1.73/SF
EGI
$168.4K $19.87/SF
− OpEx
−$63.2K −$7.45/SF
NOI
$105.3K $12.42/SF
Area
Pasco County, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$2,105,440
Cap Rate 7%
$1,503,886
Cap Rate 9%
$1,169,689
Alternative Uses
Best Use
Mixed Use
$1.50M
$1.32M – $1.75M
NOI $105,272 @ 7.0% cap · market cap 5.55%
Second Best
Healthcare Medical
$1.12M
$977.2K – $1.30M
NOI $78,176 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,155 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C1-zoned building offers reception, exam-room flexibility, multiple restrooms, kitchens, and parking across the site.
Where is this mixed-use property located?
The property is located at 8726 OLD COUNTY ROAD 54 New Port Richey, FL.
What is the asking price?
The asking price for this property is $1,898,000.
What are key features of this property?
This property features: 8,476‑square‑foot mixed‑use building on 1.14 acres; 17 office spaces and 10 restrooms; Six‑unit configuration with reception and waiting areas
