Port Richey Warehouse with
10120 RIDGEWAY DRIVE Port Richey, FL 34668
10120 RIDGEWAY DRIVE, Port Richey, FL, 34668
$375,000
For Sale
$375,000
Well-maintained warehouse with showroom, ideal for kitchen/bath business.
Property Size1,860 SF
Lot Size0.09 Acres
Price / SF$201.61
Days on Market557
Property Features for 10120 RIDGEWAY DRIVE
General Information
- Standard status
- Active
- Size
- 1,860 SF
- Lot size
- 0.09 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1982
Listing agency
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed by
JAN AMIS · License #3295983
Source
Corcoran
Added: Jan 10, 2025 Updated: Jul 6 at 10:08AM Checked: Jul 21 at 6:05AM
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 CHARLES RUTENBERG REALTY INC
Investment Insights
Based on property information with market context.
This well-maintained block warehouse building is situated in a small industrial area of Port Richey, near US19 and a big box store. The property features a new roof installed in 2018, a 10' x 10’ roll-up door for convenient access, and a reception/office space that includes a bathroom and storage closet. The warehouse boasts high ceilings, along with a loft area suitable for additional storage or office space. The entire building is fully air-conditioned, utilizing mini-split AC units in both the warehouse and office areas. Security is enhanced by a full fence and gate, and video surveillance cameras are included. Previously used as a successful kitchen/bath remodel business, the owner is retiring. The custom kitchen cabinet showroom build-out and granite displays are included, making it ideal for those looking to start their own kitchen/bath remodel business. This presents a great opportunity for businesses relocating from out of state or expanding their current operations with an additional showroom. Located in an industrial area, the 1860 square foot building offers many potential uses under its C2 zoning. The property is located on the beautiful west coast of Florida. US19, a main north/south thoroughfare, provides easy access to the Suncoast Expressway for commuting to Tampa Airport, Clearwater, and beaches.
Key Highlights
- Fully air‑conditioned warehouse and office space with mini‑split AC units.
- Secured property with full fencing, gated access, and video surveillance cameras.
- Includes reception/office space with bath and storage.
Local Financial Insights For Retail
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 | $27.9k | $15.00 |
| − Vacancy | −$1.8k | −$0.98 |
| EGI | $26.1k | $14.03 |
| − OpEx | −$7.8k | −$4.21 |
| NOI | $18.3k | $9.82 |
1,860 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$260.9K
$228.3K – $304.4K
NOI $18,261 @ 7.0% cap · market cap 4.87%
Second Best
Warehouse
$258.9K
$226.5K – $302.0K
NOI $18,122 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$423.7K
$370.7K – $494.3K
NOI $29,659 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
MINAVE CABINETRY & STONE ...
General Contractor
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FAQs
What type of property is this?
Warehouse - Well-maintained warehouse with showroom, ideal for kitchen/bath business.
Where is this warehouse located?
The property is located at 10120 RIDGEWAY DRIVE Port Richey, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Fully air‑conditioned warehouse and office space with mini‑split AC units.; Secured property with full fencing, gated access, and video surveillance cameras.; Includes reception/office space with bath and storage.
