10129 Little RdNew Port Richey, FL 34654

Property Details for 10129 Little Rd

Year built

1979

Lot size

1.09 AC

Property size (Sq ft)

2,337 SF

Zone code

00ER

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

14-25-16-0020-00000-0100

APU

1425160020000000100

Description

This exceptional 2,641 square foot medical office building, situated on a 1.09-acre lot in New Port Richey, Florida, presents a unique owner-user investment opportunity. Boasting a convenient location with high visibility on Little Road (AADT 41,500), the property offers easy access to SR 52, Hwy 19, and the Suncoast Parkway, as well as public transit. The single-story, Class B building, constructed in 1979, features a spacious layout including a reception area, administrative offices, integrated garage storage, a kitchen/break area, and a fireplace. The property includes two full bathrooms and two half-baths, a screened rear porch, and a paved patio. Ample parking is provided with over twelve paved spaces, complemented by two curb cuts and a circular driveway. An ADA-compliant entrance ramp and bathroom ensure accessibility. The building also benefits from a new roof installed in 2020 and a functional lit monument sign. The permitted ER zoning and load-bearing structural setup facilitate potential interior modifications. The asking price is $699,900, translating to $265.01 per square foot, based on the 2,641 square feet of building space and a net rentable area of 3,316 square feet. This property is a fee-simple ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $484,683

  6.5%

  $447,400

  7%

  $415,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $257,724

  Geo Method

  $257,724

• Alternative Use

  Use

  Valuation

  Residential

  $554,776

  Hospitality

  $508,171

  Educational

  $422,793

  Medical

  $437,333

  Retail

  $657,677

Location Insight

City

New Port Richey

County

Pasco

State

Florida

Latitude

28.3048

Longitude

-82.6679

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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