Corner Storefront with Indoor
For Sale
$1,990,000
6123 Ridge Road, Port Richey, FL 34668
Commercial storefront combining retail, training, gunsmithing, and indoor shooting facilities on a corner parcel.
Property Size7,116 SF
Lot Size0.50 Acres
Price / SF$279.65
Days on Market425
Property Features for 6123 Ridge Road
General Information
Standard status
Active
Size
7,116 SF
Lot size
0.50 Acres
Property subtype
Retail
Site & Location
Corner Location
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,858
Amenities
retail showroom
two restrooms
small kitchen/break area
dedicated classroom space
nine-lane indoor shooting range
electric target returns
Detroit bullet trap
ballistic rubber system
fully equipped gunsmith shop
ample storage
large paved parking area
Central Air
3
Corner Lot.
Corner.
Building Details
Year Built
1977
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
PEOPLE'S TRUST REALTY
(727) 946-0904
Listed By:
Sean Kwiatkowski · License #SL3347497
Source:
Xome
Added: Jul 3, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:09PM
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 PEOPLE'S TRUST REALTY
Investment Insights
Based on property information with market context.
This commercial storefront includes 7,116 SF under roof with a retail showroom, two restrooms, a kitchen and break area, and a classroom for training and certification courses. The facility also contains a nine-lane indoor shooting range with electric target returns, a Detroit bullet trap, and ballistic rubber for sound and safety control. A gunsmith shop, storage areas, retail fixtures, equipment, and current inventory are included in the sale. The business was established in 1999, while the building dates to 1977.
The property occupies a half-acre corner lot at 6123 Ridge Road in Port Richey, Florida. It offers a large paved parking area and access near US-19, with proximity to the Ridge Road extension, Suncoast Parkway (589), and Tampa. Commercial zoning and surrounding compatible businesses support the existing retail and range configuration.
The property occupies a half-acre corner lot at 6123 Ridge Road in Port Richey, Florida. It offers a large paved parking area and access near US-19, with proximity to the Ridge Road extension, Suncoast Parkway (589), and Tampa. Commercial zoning and surrounding compatible businesses support the existing retail and range configuration.
Key Highlights
- 7,116 SF building on a half‑acre corner lot
- Nine‑lane indoor shooting range with electric target returns
- Detroit bullet trap and ballistic rubber system
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,861
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,397,220
$1.4M
Cap Rate 7%
$998,014
$998.0K
Cap Rate 9%
$776,233
$776.2K
Market Conditions
NOI Build-Up for 7,116 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$106.7K $15.00/SF
− Vacancy
−$6.9K −$0.98/SF
EGI
$99.8K $14.03/SF
− OpEx
−$29.9K −$4.21/SF
NOI
$69.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,397,220
Cap Rate 7%
$998,014
Cap Rate 9%
$776,233
Alternative Uses
Best Use
Retail
$998.0K
$873.3K – $1.16M
NOI $69,861 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,469 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,014
Businesses Nearby
261k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 40%
Dining 30%
Shops & Services 25%
Electronics 2%
Walmart
Superstores
105,620 visits/mo
0.4 miles
Wawa
Shops & Services
43,103 visits/mo
0.3 miles
McDonald's
Dining
27,113 visits/mo
0.3 miles
Culver's
Dining
18,666 visits/mo
0.4 miles
Dunkin' Donuts
Dining
11,939 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront combining retail, training, gunsmithing, and indoor shooting facilities on a corner parcel.
Where is this storefront property located?
The property is located at 6123 Ridge Road Port Richey, FL.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 7,116 SF building on a half‑acre corner lot; Nine‑lane indoor shooting range with electric target returns; Detroit bullet trap and ballistic rubber system
