Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6514 Ridge Rd Port Richey, FL 34668

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Ground lease opportunity at lighted corner with high traffic.

    Type:Retail
    Added:
    Feb 27, 2023
    Days on Market:
    1158
    Last Refresh:
    Mar 17 at 1:19 pm

    Property Features for 6514 Ridge Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 6514 Ridge Rd Contact us

    $117,187 /Mo

    Size
    83,635 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Jeffery Robison

    Listing agent Jeffery Robison License #FL 3113472

    Listing office Lightle Beckner Robison Inc

    Listing date Feb 27, 2023

    Source Crexi

    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 Lightle Beckner Robison Inc

    Overview

    Corner Retail Land for Lease

    This commercial land is available for ground lease at a lighted corner location. The site benefits from a high traffic count of 35,000 AADT. It is situated at the southeast corner of Ridge Road and Congress Street, along a main east-west thoroughfare. The property was formerly a bank and is surrounded by retail establishments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bank of America ATM ... Atm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.7066639
    Latitude
    28.2798714

    Nearby Similar for Lease

    • $12 SF/Yr

      Retail Space on State Road

      Affordable retail bays with high visibility on a busy road.
      7414 STATE ROAD 52, PORT RICHEY, FL 34667
      View Details
    • $15 SF/Yr

      Versatile Commercial Space with Bay Doors

      2,700 SF unit with office and general space.
      7006 Ridge Rd, Port Richey , FL 34668
      View Details
    • $13,200/Mo

      Warehouse with Office and Accessibility

      Convenient warehouse space with office, accessibility, and gated access.
      7821 CLARK MOODY Blvd, Port Richey, FL 34668
      View Details
    • $15 SF/Yr

      Former Napa Auto Parts Store

      Second-generation retail space in a vibrant Port Richey community.
      7008 Ridge Road, Port Richey, FL 34668
      View Details
    • $15 SF/Yr

      Former Napa Auto Parts Store

      2nd-generation retail space in a vibrant Port Richey community.
      7008 Ridge Road, Port Richey, FL 34668
      View Details
    • $3,000/Mo

      Industrial Land Parcel For Lease

      Prime industrial land for lease, ideal for outdoor storage.
      6702 Industrial Ave, Port Richey, FL
      View Details
    • $12,000/Mo

      Ridge Road Commercial Space

      Commercial space for rent at Ridge Road, Port Richey.
      7200 RIDGE ROAD 14, PORT RICHEY, FL 34668
      View Details
    • Contact for pricing

      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
    • Contact for pricing

      Regional Center Retail Space Available

      Dominant regional center with high visibility and strong demographics.
      9656-9686 US Hwy 19 N, Port Richey, FL
      View Details
    • Contact for pricing

      Regional Center Retail Opportunity

      Dominant regional center with high visibility and strong demographics.
      9570-9654 US Hwy 19 N, Port Richey, FL
      View Details
    • Contact for pricing

      Retail Space in Port Richey

      Retail space available in a busy Port Richey shopping center.
      8600-8623 Regency Park Blvd, Port Richey, FL
      View Details
    • Contact for pricing

      Retail Space in Harmony Plaza

      Retail spaces available in reimagined neighborhood center, Port Richey.
      11938 US 19, Port Richey, FL
      View Details

    FAQs

    What type of property is this?
    Commercial land - Ground lease opportunity at lighted corner with high traffic.
    Where is this commercial land located?
    The property is located at 6514 Ridge Rd Port Richey, FL.
    What is the lease rate?
    The lease rate is $117,187.
    What are key features of this property?
    This property features: Ground lease opportunity at a lighted corner.; High traffic location: **35,000 AADT**.; Excellent access.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeffery Robison
    Real Estate License ID: FL 3113472
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!