Office Units with Flexible
For Sale
$349,999
6609 RIDGE RD #2&4, Port Richey, FL 34668
Two office suites can operate separately or together, with a waiting room and wired security.
Property Size2,080 SF
Price / SF$168.27
Days on Market1088
Property Features for 6609 RIDGE RD #2&4
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Office
Additional Details
HOA Fee
$530
Office Units
2
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$1,997
Amenities
wired for security
bathroom
kitchen
waiting room
Building Details
Building Size
2,080 SF
Year Built
1981
Tenancy
Multi
Listing Agency:
F I GREY & SON RESIDENTIAL
Listed By:
Jeanine Affetto · License #3026821
(727) 495-2424
Source:
Therocksrealty
Added: Nov 14, 2023
Changed: Nov 2
Last Checked: Nov 4 at 8:55AM
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 F I GREY & SON RESIDENTIAL
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Investment Insights
Based on property information with market context.
The 2,080-square-foot office property contains two units that can function independently or be joined by removing the movable dividing wall. Unit #2 has a bathroom and waiting room; unit #4 includes a bathroom and kitchen. The space has been remodeled, was built in 1981, and received a new roof in March 2025. Wiring for security is in place.
A tenant occupies unit #4 on a month-to-month lease and would prefer to remain, but can leave by closing. The HOA handles exterior maintenance, including roof maintenance.
A tenant occupies unit #4 on a month-to-month lease and would prefer to remain, but can leave by closing. The HOA handles exterior maintenance, including roof maintenance.
Key Highlights
- 2,080 square feet across two office units, with a movable partition for separate or combined use
- Unit #2 has a bathroom and waiting room; unit #4 has a bathroom and kitchen
- Remodeled; new roof installed in March 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,036
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,720
$280.7K
Cap Rate 7%
$200,514
$200.5K
Cap Rate 9%
$155,956
$156.0K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$23.0K $11.04/SF
− Vacancy
−$4.2K −$2.04/SF
EGI
$18.7K $9.00/SF
− OpEx
−$4.7K −$2.25/SF
NOI
$14.0K $6.75/SF
Area
Pasco County, FL
Vacancy
18.50%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,720
Cap Rate 7%
$200,514
Cap Rate 9%
$155,956
Alternative Uses
Best Use
Office B
$200.5K
$175.5K – $233.9K
NOI $14,036 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.8K
$414.6K – $552.8K
NOI $33,167 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,004
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Two office suites can operate separately or together, with a waiting room and wired security.
Where is this office unit located?
The property is located at 6609 RIDGE RD #2&4 Port Richey, FL.
What is the asking price?
The asking price for this property is $349,999.
What are key features of this property?
This property features: 2,080 square feet across two office units, with a movable partition for separate or combined use; Unit #2 has a bathroom and waiting room; unit #4 has a bathroom and kitchen; Remodeled; new roof installed in March 2025
