Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Richey Dr And Wilkins St Port Richey, FL

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    19.75 acres in Port Richey, Florida with city utilities.

    Lot size:
    19.75 Acres

    Property Features for Richey Dr And Wilkins St

    General Information

    Lot size
    19.75 Acres

    We can help!

    Listing Contact
    Carol L. Kinnard, Pa
    Source: Moodyscre

    Listing Agent: Carol L. Kinnard, Pa

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Port Richey Land For Sale

    This property features 19.75 acres (more or less) of land located within the city of Port Richey, Pasco County, Florida. The land is predominantly composed of tall pine forest with several natural ponds scattered throughout the parcel. City water and sewer utilities run parallel to the eastern boundary. A sewer lift station is located to the northwest corner of the property within the Old Post Road right-of-way. The dimensions are approximately 1,301 feet north/south by 661 feet east/west.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.7095413
    Latitude
    28.2810557

    Nearby Similar for Sale

    • $1,990,000
      7,116 SF

      Turnkey Gun Range & Retail

      Established gun range and retail storefront in Pasco County.
      6123 Ridge Rd, Port Richey, FL 34668
      View Details
    • $375,000
      1,860 SF

      Port Richey Warehouse with Showroom

      Well-maintained warehouse with showroom, ideal for kitchen/bath remodel business.
      10120 Ridgeway Dr, Port Richey, FL 34668
      View Details
    • $349,999
      2,080 SF

      Remodeled Office Building on Ridge Road

      Affordable commercial office with flexible layout and new roof.
      6609 Ridge Rd, Port Richey, FL 34668
      View Details
    • $349,999
      2,080 SF

      Remodeled Office Building on Ridge Road

      Affordable commercial office space with flexible layout and new roof.
      6609 Ridge Rd, Port Richey, FL 34668
      View Details
    • $799,000
      5,512 SF

      Port Richey Commercial Warehouse For Sale

      Commercial warehouse with retail frontage and high-visibility customer interaction.
      6028 Pine Hill Rd, Port Richey, FL 34668
      View Details
    • $1,600,000
      3,570 SF

      Turnkey Automotive Facility in Port Richey

      Fully equipped automotive facility on 0.33 acres in Pasco County.
      6826 Ridge Rd, Port Richey, FL 34668
      View Details
    • $510,000
      2,292 SF

      Prime Commercial Site on US-19

      Multi-building commercial site with high traffic and flexible zoning.
      8830 Us-19, Port Richey, FL 34668
      View Details
    • $4,421,053
      5,200 SF

      Prime Location Retail Investment Opportunity

      Located on heavily trafficked US Highway 19 in Tampa, FL MSA.
      10934 Us-19, Port Richey, FL
      View Details
    • Contact for pricing
      20,500 SF

      Industrial Facility on US-19 Corridor

      20,500 SF industrial facility on 4.52 acres with highway frontage.
      8822 Us 19, Port Richey, FL
      View Details
    • $1,300,000
      4,750 SF

      Automotive Services Property with Mezzanine

      8-bay automotive property with mezzanine storage, potential for vacancy.
      6135 Salt Springs Rd, Port Richey, FL 34668
      View Details
    • $319,000

      Waterfront Duplex with Floating Dock

      Waterfront duplex in Leisure Beach with two units and dock.
      12629 Isle Dr, Port Richey, FL 34667
      View Details
    • $275,000

      Port Richey Duplex Near Waterfront

      Income-producing duplex in a desirable location near waterfront amenities.
      8124 Cormel St, Port Richey, FL 34668
      View Details

    FAQs

    What type of property is this?
    Land - 19.75 acres in Port Richey, Florida with city utilities.
    Where is this land located?
    The property is located at Richey Dr And Wilkins St Port Richey, FL.
    What are key features of this property?
    This property features: - 19.75 acres (mol) within the city of Port Richey, Pasco County, Florida.; - City water and sewer utilities run parallel to the eastern boundary.; - Predominantly tall pine forest with several natural ponds.
    (727) 238-3876
    Request Owner's contact information
    Richey Dr And Wilkins St Port Richey, FL
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Richey Dr And Wilkins St
    Port Richey, FL
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Richey Dr And Wilkins St Port Richey, FL
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Carol L. Kinnard, Pa
    (727) 238-3876
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.