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    Pasco County US-19 Frontage Property Title is generated by Realmo AI

    11321 US-19, Port Richey, FL 34668

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    8.5 AC property with adaptable office and warehouse space.

    Type:Industrial
    Property size:
    32,016 SF
    Lot size:
    8.50 Acres
    Price / SF:
    $164/SF
    Added:
    Sep 5, 2024
    Days on Market:
    646
    Last Refresh:
    May 12 at 9:09 pm

    Property Features for 11321 US-19

    General Information

    Standard status
    Active
    Size
    32,016 SF
    Lot size
    8.50 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1981

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    Listing Contact
    Marko Radosavljevic

    Listing agent Marko Radosavljevic License #FL 3464113

    Listing office Commercial Partners Realty

    Listing date Sep 5, 2024

    Source Crexi

    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 Commercial Partners Realty

    HighLights

    • 8.50 AC property with 495' frontage on US‑19 in a high‑growth area.
    • 20,000 SF adaptable office space (14’ clear height) and 10,000 SF warehouse (26’ clear height).
    • Heavy power: 9,000 amps of 480V.
    • High‑capacity parking with 150 spaces.
    • Excellent location with 50,000+ vehicles per day and proximity to SR‑52.
    • Delivered vacant with existing free‑standing pylon sign.

    Overview

    This 8.50 AC property is located in Pasco County and features 495' of direct frontage on US-19, with proximity to SR-52. The property includes nearly 20,000 SF of adaptable office space with 14’ clear height, and a 10,000 SF warehouse with 26’ clear height. It is equipped with 9,000 amps of 480V power and has high-capacity parking with 150 parking spaces. The property is fully sprinklered and features concrete block construction. The location benefits from over 50,000 vehicles per day and more than 210,000 households within a 30-minute drive. The property has an existing free-standing pylon sign. The site's infrastructure supports a range of uses, including production and light assembly, automotive showroom, last-mile distribution, or adaptive mixed-use redevelopment. The property will be delivered vacant.

    Local Financial Insights For Flex RnD

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $576.3k $18.00
    − Vacancy −$46.1k −$1.44
    EGI $530.2k $16.56
    − OpEx −$185.6k −$5.80
    NOI $344.6k $10.76
    32,016 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 35.00%

    Alternative Uses

    Best Use
    Flex RnD
    $4.92M
    $4.31M – $5.74M (±1% cap)
    NOI $344,620 @ 7.0% cap · market cap 6.53%
    Second Best
    Warehouse
    $4.46M
    $3.90M – $5.20M (±1% cap)
    NOI $311,936 @ 7.0% cap · market cap 5.91%
    Theoretical Best
    Office A
    $7.29M
    $6.38M – $8.51M (±1% cap)
    NOI $510,514 @ 7.0% cap · market cap 9.68%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.7007414
    Latitude
    28.3220561

    FAQs

    What type of property is this?
    Flex space - 8.5 AC property with adaptable office and warehouse space.
    Where is this flex space located?
    The property is located at 11321 US-19 Port Richey, FL.
    What is the asking price?
    The asking price for this property is $5,275,000.
    What are key features of this property?
    This property features: 8.50 AC property with 495' frontage on US‑19 in a high‑growth area.; **20,000 SF adaptable office space (14’ clear height) and 10,000 SF warehouse (26’ clear height).**; **Heavy power: 9,000 amps of 480V.**
    More about this property
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