For Sale
New Port Richey, FL
Commercial Real Estate Market Trends & Data
$270 per SF
Avg asking sale price
$16 per SF
Avg asking lease rate
7,228 SF
Avg unit lease size
8,711 SF
Avg building size for sale
7.10%
Average cap rate
New Port Richey's Demographic Profile
New Port Richey has 8,674 households and a median income of $41,619, providing context for rent absorption and tenant demand across retail and multifamily assets. A +18% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 18,704 |
| # Households | 8,674 |
| Median age | 47 |
| Median household income | $41,619 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 4,062 |
| 5-year population change | +18% |
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| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| New Port Richey | $307 | 5,038 SF | 8.54% |
| Port Richey | $300 | 4,442 SF | 4.86% |
| Elfers | $424 | 4,259 SF | 8.54% |
| Bayonet Point | $328 | 5,358 SF | 8.76% |
| Trinity | $593 | 7,413 SF | 6.05% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| New Port Richey | $266 | 4,776 SF | 8.14% |
| Port Richey | $206 | 12,383 SF | 6.00% |
| Elfers | $519 | 1,348 SF | 8.14% |
| Bayonet Point | $260 | 16,128 SF | 8.76% |
| Trinity | $299 | 13,984 SF | 6.39% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| New Port Richey | $245 | 6,504 SF |
| Port Richey | $226 | 4,386 SF |
| Elfers | $469 | 3,383 SF |
| Bayonet Point | $286 | 4,158 SF |
| Trinity | $593 | 7,413 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| New Port Richey | $140 | 37,493 SF | 8.07% |
| Port Richey | $141 | 4,624 SF | 8.07% |
Commercial Properties For Sale in New Port Richey
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether New Port Richey pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| New Port Richey | $270 | 8,711 SF |
| Port Richey | $217 | 8,868 SF |
| Elfers | $403 | 17,145 SF |
| Bayonet Point | $231 | 14,712 SF |
| Trinity | $491 | 9,950 SF |
Regional Demographic Comparison
This comparison places New Port Richey alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in New Port Richey or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| New Port Richey | 18,704 | 8,674 | 47 | $41,619 | 2 | 4,062 | 18% |
| Port Richey | 3,772 | 1,750 | 51 | $55,322 | 2 | 611 | 19% |
| Elfers | 16,904 | 6,918 | 42 | $47,334 | 2 | 2,427 | 18% |
| Bayonet Point | 27,553 | 12,267 | 48 | $41,619 | 2 | 3,994 | 17% |
| Trinity | 16,227 | 6,182 | 46 | $101,818 | 3 | 1,024 | 16% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in New Port Richey, FL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in New Port Richey
View All Commercial Real Estate For Sale in New Port Richey
Is New Port Richey a good market for a first-time commercial real estate investor?
New Port Richey offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in New Port Richey?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in New Port Richey. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in New Port Richey?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for New Port Richey. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does New Port Richey compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to New Port Richey. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for New Port Richey acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in New Port Richey, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
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