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    C2 Marina Development Land with Hotel Title is generated by Realmo AI

    5325 TREADWAY DRIVE, Port Richey, FL 34668

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    For Sale
    $4,100,000

    Land - PORT RICHEY, FL

    Lot size:
    1.23 Acres
    Added:
    Oct 2, 2025
    Days on Market:
    247
    Last Refresh:
    Jun 5 at 3:06 pm

    Property Features for 5325 TREADWAY DRIVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    C2
    Exterior features
    Dock
    Dock
    1
    Standard status
    Active
    APN
    32-25-16-0260-00000-0080
    Lot size
    1.23 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    8622.69

    Utilities

    Water front features
    Canal - Saltwater, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Shawn Mcnair

    Listing agent Shawn Mcnair

    Listing office LPT REALTY, LLC 1400 South International Parkw, Lake Mary, FL

    Listing date Oct 2, 2025

    MLS# TB8434091 Listing URL

    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.

    HighLights

    • Unique Commercial Docking Expansion Opportunity: The only port in Pasco County with Gulf access.
    • High‑Income Potential: Existing commercial wet slip docking is 80% leased.
    • Prime Commercial Zoning & Development Potential: 1.23 AC C2 commercial zoning with FAR 75%.
    • Strategic Location: Situated on the Cotee River next to Hooters Restaurant.
    • Located in the City of Port Richey's redevelopment area, benefiting from a $4‑5 million infrastructure improvement project.
    • Multi‑Use Development Property: Includes a 100’ wet slip commercial marina, seaside bar, historic bar, hotel, and additional land for development.

    Overview

    This offering is a C2 commercial zoning development land package in Port Richey that includes waterfront marina improvements and a hotel component. The property spans 1.23 acres across two parcels and five lots, and includes 100 feet of commercial wet slip docking. The site is positioned for multi-use development, with references to a hotel resort concept and additional development land for expansion.

    The property is described as part of a larger redevelopment setting in South Pasco County, noted as the only port in the county with Gulf water access. It is located along the Cotee River adjacent to a major resort bar and restaurant area, with nearby mentions of a Hooters restaurant and a historic bar on the river. The City of Port Richey is described as undertaking waterfront infrastructure work, including a boardwalk and waterway dredging project, along with roadway, lighting, streetscape, sidewalks, and parking-related improvements.

    For buyers and operators, the combination of C2 zoning, commercial wet slip capacity, and planned redevelopment infrastructure supports a hospitality and marina-focused redevelopment strategy. The listing notes that the hotel is not operating due to being on the market for sale, and that Phase 1 environmental and survey work is available. With concepts and reports referenced for developing a hotel resort and river walk-style waterfront connections, this site is presented for commercial multi-use redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Seaside Bar and Grill Bar & Pub

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.726127
    Latitude
    28.273568

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    FAQs

    What type of property is this?
    Hotel - C2 waterfront development site with commercial wet slips and room for hotel and marina expansion in Port Richey.
    Where is this hotel located?
    The property is located at 5325 TREADWAY DRIVE Port Richey, FL.
    What is the asking price?
    The asking price for this property is $4,100,000.
    What are key features of this property?
    This property features: Unique Commercial Docking Expansion Opportunity: The only port in Pasco County with Gulf access.; High‑Income Potential: Existing commercial wet slip docking is 80% leased.; Prime Commercial Zoning & Development Potential: 1.23 AC C2 commercial zoning with FAR 75%.
    (813) 731-1499
    We can help!
    Listing Contact
    Shawn Mcnair
    Real Estate License ID: 621807
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    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.

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