6507 Massachusetts Ave New Port Richey, FL 34653
Property profile & analytics
6507 Massachusetts Ave New Port Richey, FL 34653
- Retail space
- 11,097 SF
- 0.98 lot acres
Property ID
US18-1222985
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Aaron's / Furniture & Home Goods / Home Decor Store
Property Details for 6507 Massachusetts Ave
- Year built
- 1998
- Lot size
- 0.98 lot acres
- Property size
- 11,097 SF
- Zone code
- 000C
- Property type
- Retail space
- APN
- 33-25-16-0110-00C00-0090
- APU
- 332516011000C000090
Description
This 10,908 square foot retail building in New Port Richey, Florida, presents a compelling investment or owner-user opportunity. Currently leased to Aaron's Furniture under a corporate-guaranteed Absolute Net (NNN) lease expiring April 1, 2028, offering a remaining lease term of approximately 3.4 years. The property features a 1.54-acre lot with 44 parking spaces, high ceilings, grade-level loading, and multiple ingress/egress points. A 2019 renovation updated the showroom with state-of-the-art fixtures and finishes. The building boasts prominent signage opportunities at a four-way lighted intersection with over 400 feet of frontage on Massachusetts Ave and Congress St, experiencing a combined 25,000 vehicles per day. Its strategic location is less than 2.5 miles from the "New Port Corners" development, a large-scale project encompassing 3,397 residential units and 4.8 million square feet of commercial space. The property's proximity to US 19 and Little Road further enhances its visibility and accessibility. The asking price is $1,950,000, representing a price per square foot of $178.77 and a 7.64% cap rate with a Net Operating Income (NOI) of $148,894. Built in 1998, the single-story Class B building is zoned C2 and benefits from its location in a rapidly growing area of Pasco County, Florida, known for its strong demographics and customer base. The property is ideal for a variety of retail uses, including daycare, grocery, or pharmacy.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,815,000
- 6.5%
- $1,675,000
- 7%
- $1,555,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,141,000
Market price range: $643k - $2.89M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,130,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- New Port Richey
- County
- Pasco
- State
- Florida
- Longitude
- -82.7069
- Latitude
- 28.259
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$30,746
$146,175
$1,104,934
$1,251,109
-
$146,175
$1,104,934
$1,251,109
