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    4519 Hwy 19 New Port Richey, FL 34652

    Sponsored
    For Sale
    $1,961,766

    Florida Medical Office Investment: NNN Lease, High NOI

    Property size:
    3,844 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 3,844 square foot medical office building in New Port Richey, Florida, currently operating as a 100% occupied, single-tenant Suncoast Specialty Surgery Center. The property is offered as a sale-leaseback with a 15-year Absolute NNN lease, providing significant long-term stability and passive income. The lease features a 2.5% annual rent increase, ensuring consistent growth in rental income. The asking price is $1,961,766, representing a compelling $510.34 per square foot and a 7.25% cap rate based on a current Net Operating Income (NOI) of $142,228. The tenant, Suncoast Specialty Surgery Center, provides a diverse range of services including eye care and various surgical specialties. The property is strategically located at 4519 U.S. Hwy 19, in Pasco County, Florida, zip code 34652, benefiting from high visibility and accessibility. The lease includes options for renewal at 4 and 5 years. This sale-leaseback offers a secure, high-yield investment with built-in appreciation potential. The strong tenant, long-term lease, and attractive financial metrics make this an ideal addition to any portfolio seeking stable, passive income generation. The property serves a substantial population base within a three-mile radius, exceeding 65,000 residents, with an average household income of $60,100. The location along a major highway provides excellent visibility and access to over 60,000 vehicles per day.

    Property Features for 4519 Hwy 19

    General Information

    Property type
    Medical offices
    Square Feet
    3,844 SF

    HighLights

    • 15‑year absolute triple‑net (NNN) lease with 2.5% annual rent escalations.
    • Multi‑specialty ambulatory surgery center, including ophthalmology.
    • Excellent location in New Port Richey, FL (Tampa MSA), with over 60,000 vehicles per day (VPD) on major roadways and a population exceeding 65,000 within a 3‑mile radius.
    • Strong demographics: over 83,000 residents within a 3‑mile radius, boasting an average household income of $60,100.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.734081708009
    Latitude
    28.224996593865

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    FAQs

    What type of property is this?
    Medical office - Florida Medical Office Investment: NNN Lease, High NOI
    Where is this medical office located?
    The property is located at 4519 Hwy 19 New Port Richey, FL.
    What is the asking price?
    The asking price for this property is $1,961,766.
    What are key features of this property?
    This property features: 15-year absolute triple-net (NNN) lease with 2.5% annual rent escalations.; Multi-specialty ambulatory surgery center, including ophthalmology.; Excellent location in New Port Richey, FL (Tampa MSA), with over 60,000 vehicles per day (VPD) on major roadways and a population exceeding 65,000 within a 3-mile radius.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4519 Hwy 19 New Port Richey, FL 34652
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