Six-Unit Retail
6201 RIDGE ROAD, Port Richey, FL 34668
For Sale
$900,000
A six-suite commercial property with recent roof and parking lot work and HVAC systems less than three years old.
Property Size4,776 SF
Price / SF$188.44
Days on Market195
Property Features for 6201 RIDGE ROAD
General Information
Standard status
Size
Zoning
Net Operating Income
Additional Details
Cap Rate
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Central Air
Building Details
Building Size
Year Built
Stories
Tenancy
Listed By:
Ken Mullen, JR
(813) 278-9017
Source:
Evrealestate
Added: Apr 30
Changed: Nov 9
Last Checked: Nov 8 at 6:52AM
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 Ken Mullen, JR
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Investment Insights
Based on property information with market context.
This six-unit retail plaza in Pasco County, Florida, contains 4,777 square feet and was built in 1981. Occupancy is 95%, with 570 square feet unoccupied. Building updates include a shingle roof installed in 2025, HVAC systems under three years old, and parking lot resurfacing completed in 2/2026.
The property has a 7.65% cap rate. Current effective NOI is $65,000 and pro forma NOI is $71,000. The source also identifies potential income improvements by 2/2027.
The property has a 7.65% cap rate. Current effective NOI is $65,000 and pro forma NOI is $71,000. The source also identifies potential income improvements by 2/2027.
Key Highlights
- Six retail units totaling 4,777 square feet
- 95% occupied, with 570 square feet unoccupied
- 7.65% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,868
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,360
$1.1M
Cap Rate 7%
$812,400
$812.4K
Cap Rate 9%
$631,867
$631.9K
Market Conditions
NOI Build-Up for 4,776 SF
Gross rent
$86.0K $18.00/SF
− Vacancy
−$4.7K −$0.99/SF
EGI
$81.2K $17.01/SF
− OpEx
−$24.4K −$5.10/SF
NOI
$56.9K $11.91/SF
Area
Pasco County, FL
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,360
Cap Rate 7%
$812,400
Cap Rate 9%
$631,867
Alternative Uses
Best Use
Retail
$812.4K
$710.9K – $947.8K
NOI $56,868 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,265 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,014
Businesses Nearby
261k
Monthly Visits Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - A six-suite commercial property with recent roof and parking lot work and HVAC systems less than three years old.
Where is this strip mall located?
The property is located at 6201 RIDGE ROAD Port Richey, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Six retail units totaling 4,777 square feet; 95% occupied, with 570 square feet unoccupied; 7.65% cap rate
