Flex Warehouse with
For Sale
Under Contract
$375,000
10120 RIDGEWAY Drive, Port Richey, FL 34668
Commercial Sale, PORT RICHEY, FL
Property Size1,860 SF
Lot Size0.09 Acres
Price / SF$201.61
Days on Market642
Property Features for 10120 RIDGEWAY Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Security features
Security Lighting
Subdivision
CRESCENT PARK
Directions
US19 heading south, turn West onto Graphic Drive. Turn right onto Scenic Drive and property will be on your right. Park outside the gated area.
Standard status
Active Under Contract
APN
16-25-16-0010-00800-0260
Size
1,860 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
CRESCENT PARK PB 2 PG 51 LOT 26 BLOCK 8 OR 9276 PG 2377
Tax Annual Amount
1380
Legal Description
CRESCENT PARK PB 2 PG 51 LOT 26 BLOCK 8 OR 9276 PG 2377
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Ductless (Heating)
Water source
Public
Amenities
video surveillance cameras
Building Details
Year built
1982
Floors in Building
1
Flooring type
Tile - Ceramic, Concrete
Building materials
Block
Roof type
Built-Up
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Jan Amis · License #3295983
(727) 667-2520
Added: Jan 9, 2025
Changed: Oct 13
Last Checked: Oct 13 at 5:06PM
MLS# TB8337216
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,860-square-foot block flex warehouse sits on a 0.09-acre parcel and includes reception and office space, a bathroom, storage closet, and loft. A 10-foot-by-10-foot roll-up door provides building access. The warehouse and office are air conditioned, and the roof was replaced in 2018. A kitchen cabinet showroom buildout and granite displays convey with the property. The site is fenced and gated, with video surveillance cameras included.
Located in Port Richey near US 19, the property also offers access to the Suncoast Expressway. C2 zoning and the existing office, storage, and showroom features support a range of commercial configurations.
Located in Port Richey near US 19, the property also offers access to the Suncoast Expressway. C2 zoning and the existing office, storage, and showroom features support a range of commercial configurations.
Key Highlights
- 1,860‑square‑foot block building on 0.09 acres
- C2 zoning
- 10' x 10' roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,021
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,420
$400.4K
Cap Rate 7%
$286,014
$286.0K
Cap Rate 9%
$222,456
$222.5K
Market Conditions
NOI Build-Up for 1,860 SF
Gross rent
$33.5K $18.00/SF
− Vacancy
−$2.7K −$1.44/SF
EGI
$30.8K $16.56/SF
− OpEx
−$10.8K −$5.80/SF
NOI
$20.0K $10.76/SF
Area
Pasco County, FL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,420
Cap Rate 7%
$286,014
Cap Rate 9%
$222,456
Alternative Uses
Best Use
Flex RnD
$286.0K
$250.3K – $333.7K
NOI $20,021 @ 7.0% cap · market cap 5.34%
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
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Under-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
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - C2-zoned flex space combines warehouse capacity with office and showroom improvements.
Where is this flex space 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: 1,860‑square‑foot block building on 0.09 acres; C2 zoning; 10' x 10' roll‑up door
