Versatile Commercial Building in Port
For Sale
$354,900
9330 REGENCY PARK Blvd, Port Richey, FL 34668
1,808 sq ft commercial building, ideal for office/professional space.
Property Size1,916 SF
Lot Size0.13 Acres
Price / SF$196.29
Days on Market153
Property Features for 9330 REGENCY PARK Blvd
General Information
Standard status
Active
Size
1,916 SF
Lot size
0.13 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,214
Building Details
Building Size
1,916 SF
Year Built
1983
Stories
1
Listing Agency:
SNAP REALTY LLC
(813) 967-3837
Listed By:
Shawn Poole · License #3035580
(813) 967-3837
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:55AM
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 SNAP REALTY LLC
Investment Insights
Based on property information with market context.
This 1,808 sq ft commercial building is located along the established Regency Park professional corridor in Port Richey. Offered as-is, the property provides an opportunity for an owner-user or investor to customize the space. The building features a functional layout suitable for a variety of commercial uses, including medical, office, administrative, service-based business, or professional operations. Interior spaces include a reception area, multiple private rooms/offices, open workspace, and restroom facilities. The property does not include a kitchen, providing flexibility to redesign the space. Positioned along Regency Park Blvd, the site offers visibility, easy access, and proximity to US Highway 19, residential neighborhoods, and surrounding commercial activity. Onsite parking ensures accessibility for customers and staff. This location provides excellent potential at an approachable price point.
Key Highlights
- Prime location along Regency Park Blvd with high visibility and easy access to US Highway 19.
- Versatile 1,808 sq ft commercial building suitable for various professional uses.
- Functional layout includes a reception area, private rooms/offices, open workspace, and restrooms.
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
$12,201
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
3.44%
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%
$244,020
$244.0K
Cap Rate 7%
$174,300
$174.3K
Cap Rate 9%
$135,567
$135.6K
Market Conditions
NOI Build-Up for 1,808 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
$20.0K $11.04/SF
− Vacancy
−$3.7K −$2.04/SF
EGI
$16.3K $9.00/SF
− OpEx
−$4.1K −$2.25/SF
NOI
$12.2K $6.75/SF
Area
Pasco County, FL
Vacancy
18.50%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
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%
$244,020
Cap Rate 7%
$174,300
Cap Rate 9%
$135,567
Alternative Uses
Best Use
Office B
$174.3K
$152.5K – $203.4K
NOI $12,201 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$411.9K
$360.4K – $480.5K
NOI $28,830 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 1,808 sq ft commercial building, ideal for office/professional space.
Where is this office units located?
The property is located at 9330 REGENCY PARK Blvd Port Richey, FL.
What is the asking price?
The asking price for this property is $354,900.
What are key features of this property?
This property features: Prime location along Regency Park Blvd with high visibility and easy access to US Highway 19.; Versatile 1,808 sq ft commercial building suitable for various professional uses.; Functional layout includes a reception area, private rooms/offices, open workspace, and restrooms.
