Freestanding Medical Office Building
Office | 1,984 SqFt
Marketing description
11910 Little Road offers a unique opportunity to acquire a highly visible, freestanding ±1,984-square-foot medical/office building located at a signalized, high-traffic intersection in the heart of New Port Richey, FL. Positioned along the heavily traveled Little Road corridor, this well-maintained property is ideally suited for an owner-user in the medical or professional services sectors seeking to establish a presence in a rapidly expanding Pasco County submarket.
The building features efficient layout potential, excellent signage visibility, and ample surface parking, making it a turnkey solution for practitioners and small businesses looking for operational control in a strategic infill location. Zoned for medical and professional use, the site is surrounded by a dense concentration of healthcare providers, retail amenities, and residential developments, further enhancing its long-term usability and value.
For investors, this asset represents a compelling opportunity to reposition or lease the property on a long-term triple-net (NNN) basis to a stable, creditworthy tenant. The demand for small-format, freestanding NNN medical office buildings remains strong, driven by demographic growth, aging populations, and the migration of healthcare services into retail-like environments. With limited competing inventory and continued development in the immediate area, the property is well positioned for long-term appreciation and income stability.
Whether for immediate occupancy or future investment, 11910 Little Road delivers an exceptional blend of location, flexibility, and upside in one of West Central Florida’s most promising growth corridors.
Investment highlights
High-Visibility Location
Positioned at a signalized, high-traffic intersection on Little Rd, this freestanding medical/office building enjoys strong daily vehicle exposure and proximity to major residential and retail anchors—ideal conditions for long-term tenant demand.Attractive Basis & Value Play
Priced at just ~$290/SF, this offering sits well below replacement cost for new medical office construction, providing built-in equity and margin for lease-up or value-add enhancements.Pro forma cap rate of 7.6%–8.3% based on achievable rents of $22–$24/SF NNN, with long-term upside as market rates in Pasco County continue to rise.
Limited Supply, Strong Demand
The New Port Richey and Pasco County submarket is experiencing outsized population growth with rising demand for conveniently located healthcare and professional services. Freestanding buildings with signage potential and direct access are increasingly rare.Flexible Exit Strategy
Ideal for long-term hold with NNN lease to a stable medical/professional tenant, or short-term value-add via cosmetic upgrades and lease-up. Also attractive to future owner-users, enhancing resale optionality.
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