Port Richey Warehouse with
For Sale
$375,000
10120 Ridgeway Dr, Port Richey, FL 34668
Well-maintained warehouse with showroom, ideal for kitchen/bath business.
Property Size1,860 SF
Price / SF$201.61
Days on Market220
Property Features for 10120 Ridgeway Dr
General Information
Standard status
Active
Size
1,860 SF
Building Details
Year Built
1982
Listing Agency:
CHARLES RUTENBERG REALTY INC
Listed By:
Jan Amis · License #3295983
(727) 667-2520
Source:
Chenoregroup
Added: Mar 11
Changed: Oct 15
Last Checked: Oct 7 at 5:41PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 major retail area. 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 full fencing and a gated perimeter. Video surveillance cameras are included with the property. Previously used as a kitchen and bath remodel business, the property includes a custom kitchen cabinet showroom build-out and granite displays, making it suitable for a similar business. The location offers convenient access to the Suncoast Expressway, facilitating commutes to Tampa Airport, Clearwater, and nearby beaches. The property is zoned C2, allowing for a range of potential uses within this industrial area.
Key Highlights
- Fully air‑conditioned warehouse and office space with mini‑split AC units.
- Secure property with full fencing, gate, and video surveillance cameras.
- New roof installed in 2018.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,261
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,220
$365.2K
Cap Rate 7%
$260,871
$260.9K
Cap Rate 9%
$202,900
$202.9K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$27.9K $15.00/SF
− Vacancy
−$1.8K −$0.98/SF
EGI
$26.1K $14.03/SF
− OpEx
−$7.8K −$4.21/SF
NOI
$18.3K $9.82/SF
Area
Pasco County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,220
Cap Rate 7%
$260,871
Cap Rate 9%
$202,900
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34668, FL
48,781
Population
23,883
Households
2
Avg Household Size
45
Median Age
13%
College-Educated
88%
High-School Grad
15.5 sq mi
ZIP Area
3,147
Density / Sq Mi
$45,760
Median Household Income
$35,610
Median Earnings
$1,278
Median Rent
$168,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Florida Boat Covered storage — 59 Shoppers Way Ln, Port Richey, FL 34668
- Storage Rentals of America — 9906 U.S. Hwy 19, Port Richey, FL 34668
- Storage — Jasmine Estates, FL 34668
- Hummingbird Self Storage Unit — 7114 westcott dr, port richey, fl 34668
- Hummingbird - Near Me Self Storage Unit — 7114 westcott dr, port richey, fl 34668
Frequently Asked Questions
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 Dr 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.; Secure property with full fencing, gate, and video surveillance cameras.; New roof installed in 2018.
