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    7601 Little Rd New Port Richey, FL 34654

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    7601 Little Rd New Port Richey, FL 34654

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    • Office properties & Spaces
    • 97,000 SF
    • 13.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • YFA / Child Welfare Organization / Foster Care Service
    • CPI / Government Office
    • The Fox Lodge: A Clubhouse for Seniors / Community Center
    • Social Security Administration / Government Office / Social Security Office

    Property Details for 7601 Little Rd

    Year built
    1995
    Lot size
    13.00 lot acres
    Property size
    97,000 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This 97,000 square foot, Class B office park in New Port Richey, FL, offers multiple suites ranging from 1,757 to 4,000 contiguous square feet. Located at a signalized intersection on Little Road, across from the West Pasco Government Center, this multi-tenant campus boasts eight 3-story buildings, connected by an open-air atrium with water features and outdoor seating. Recently renovated in 2021, the property features new roofing, HVAC systems, elevators, and exterior paint. Ample parking is available. The property sits on 13 acres and is zoned C1. Building amenities include elevators. Incentives are available for qualified tenants, including up to three months of free rent on a five-year lease. The property includes 11,740 square feet of vacant space, ideal for executive, medical, or creative office uses. Built in 1995, this property offers a blend of established infrastructure and modern upgrades, making it an attractive option for businesses seeking a professional and convenient location. The property consists of four suites within the eight buildings.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.6748
    Latitude
    28.2681

    Comparable in this City

    • Value Estimation by Request
      2,172 SF

      7627 Little Rd

      MEDICAL BUILDING • 2,172 SF
      7627 Little Rd, New Port Richey, FL 34654-5525
      View Details
    • Value Estimation
      $11,970,000
      141,740 SF

      7900 Little Rd

      MEDICAL CLINIC • 141,740 SF
      7900 Little Rd, New Port Richey, FL 34654-5405
      View Details
    • Value Estimation
      $1,005,000
      6,624 SF

      7701 Little Rd Ste, Unit 201

      MEDICAL BUILDING • 6,624 SF
      7701 Little Rd Ste, New Port Richey, FL 34654-5403
      View Details
    • Value Estimation
      $1,105,000
      5,986 SF

      7599 Little Rd

      MEDICAL BUILDING • 5,986 SF
      7599 Little Rd, New Port Richey, FL 34654
      View Details
    • Value Estimation
      $590,000
      5,895 SF

      7701 Little Rd Ste, Unit 210

      MEDICAL BUILDING • 5,895 SF
      7701 Little Rd Ste, New Port Richey, FL 34654-5403
      View Details
    • Value Estimation
      $675,000
      7,270 SF

      9310 Little Rd

      MEDICAL BUILDING • 7,270 SF
      9310 Little Rd, New Port Richey, FL 34654-3415
      View Details

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      Ridge Road Office Space

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    Similar Nearby for Lease

    • New
      $3,990 /Mo
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      Professional Office Space For Rent

      2,400 SF office space with 11 private offices.
      7517 Little Rd, New Port Richey, FL 34654
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    • New
      $1,875 /Mo
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      Office Space Near Pasco Courthouse

      High-visibility office space with dedicated traffic light access.
      7511 Little Rd, New Port Richey, FL 34654
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      Retail Center with Publix Anchor

      Neighborhood retail center anchored by Publix and Michaels.
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      Professional Office Park For Rent

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      Retail Space in New Port Richey

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      Retail End Cap with Drive-Thru

      Retail space with drive-thru in high-traffic New Port Richey.
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    New Port Richey, FL 34654
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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