Office Condo with Front
1-6609 Ridge Rd Port Richey, FL 34668
1-6609 Ridge Rd, Port Richey, FL, 34668
$169,000
For Sale
$169,000
Office condo on busy Ridge Rd with pylon sign, 3 offices, and 1 restroom, plus parking at front and back.
Property Size1,000 SF
Price / SF$169
Days on Market46
Property Features for 1-6609 Ridge Rd
General Information
- Standard status
- Active
- Size
- 1,000 SF
Listing agency
FLORIDA REALTY INVESTMENTS
(813) 618-3279
Listed by
Sujata Katikala · License #3057328
(813) 618-3279
Source
Exprealty
Added: Jun 6 Updated: Jul 21 at 9:48AM Checked: Jul 21 at 9:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FLORIDA REALTY INVESTMENTS
Investment Insights
Based on property information with market context.
This income-producing office condo offers a spacious interior with three offices and one restroom, totaling 1,000 square feet. The condo fee is described as low and includes trash, water, and all exterior maintenance. The unit is currently occupied, and the tenant is flexible to stay or leave, with owner-occupants and investors welcomed.
Located directly on busy Ridge Rd with a pylon sign for visibility, the property places you across the street from the Ridge Road Center plaza, which includes Pizza Hut and Family Dollar and also has an upcoming Latin market. Parking is available both in front and at the back of the building, providing convenient access for employees and visitors. The property is listed as under 2 miles from US 19 Hwy.
The layout is suited to a variety of office users who need multiple private rooms, with dedicated restrooms and straightforward access from the front and rear parking areas.
Located directly on busy Ridge Rd with a pylon sign for visibility, the property places you across the street from the Ridge Road Center plaza, which includes Pizza Hut and Family Dollar and also has an upcoming Latin market. Parking is available both in front and at the back of the building, providing convenient access for employees and visitors. The property is listed as under 2 miles from US 19 Hwy.
The layout is suited to a variety of office users who need multiple private rooms, with dedicated restrooms and straightforward access from the front and rear parking areas.
Key Highlights
- Income‑producing office condo on busy Ridge Rd with a pylon sign for visibility
- 1,000 sqft interior with 3 offices and 1 restroom
- Low monthly condo fee includes trash, water, and all exterior maintenance
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $11.0k | $11.04 |
| − Vacancy | −$2.0k | −$2.04 |
| EGI | $9.0k | $9.00 |
| − OpEx | −$2.2k | −$2.25 |
| NOI | $6.7k | $6.75 |
1,000 SF · lease $11.04/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$96.4K
$84.4K – $112.5K
NOI $6,748 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$227.8K
$199.3K – $265.8K
NOI $15,946 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Office condo on busy Ridge Rd with pylon sign, 3 offices, and 1 restroom, plus parking at front and back.
Where is this office units located?
The property is located at 1-6609 Ridge Rd Port Richey, FL.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Income‑producing office condo on busy Ridge Rd with a pylon sign for visibility; 1,000 sqft interior with 3 offices and 1 restroom; Low monthly condo fee includes trash, water, and all exterior maintenance
