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    6609 RIDGE ROAD Port Richey, FL 34668

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    For Sale
    $349,999

    Office - PORT RICHEY, FL

    Type:Office
    Property size:
    2,080 SF
    Lot size:
    2.12 Acres
    Price / SF:
    $168/SF
    Added:
    Nov 14, 2023
    Days on Market:
    898
    Last Refresh:
    Apr 30 at 1:06 pm

    Property Features for 6609 RIDGE ROAD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    MF2
    Security features
    Security System
    Exterior features
    Paved
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    28-25-16-014J-00400-00N0
    Size
    2,080 SF
    Lot size
    2.12 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    1997.74

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1981
    Flooring type
    Laminate
    Building materials
    Block, Concrete, Stucco
    Roof type
    Tile
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeanine Affetto
    Jeanine Affetto

    Listing agent Jeanine Affetto

    Listing office RE/MAX CHAMPIONS 11541 Trinity Blvd, Trinity, FL

    Listing date Nov 14, 2023

    MLS# W7859439 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.

    Overview

    Remodeled Office Building on Ridge Road

    This remodeled commercial office building, located on busy Ridge Road, offers flexibility as either one or two office spaces. The 2080 square foot property features a easily movable wall, allowing for customization of the layout. Building #4 includes a bathroom and kitchen, while Building #2 has a bathroom and its own waiting room. The property is wired for security. A tenant currently occupies Building #4 on a month-to-month lease, paying $1600 per month, and is willing to remain but can vacate by closing. The Homeowner's Association (HOA) covers all outside maintenance, including the roof, for a monthly fee of $530. The roof was replaced in March 2025. The property is located in PORT RICHEY, FL on a 2.12 acre lot and is zoned MF2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wesley Mann DMD Dental Office Dr. Alfred W. ... Dental Office A Bright Smile Created ... Dental Office Gaurav Malhotra, MD Physician Christopher J Dono, ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Gym & Fitness Center Building Supply

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

    Similar Places Nearby

    • USbarcodes INC — 6740 Commerce Ave, Port Richey, FL 34668
    • Able Business Systems — 6739 6330 Pine Hill Rd # 17, Port Richey, FL 34668
    • iFixandRepair - Port Richey Walmart — 8701 U.S. Hwy 19, Port Richey, FL 34668
    • Walmart Tech Services — 8701 US-19, Port Richey, FL 34668
    • Walmart Home Theater Installation — 8701 U.S. Hwy 19, Port Richey, FL 34668

    Location Insight

    • Map
    • Local Demand
    City
    Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.705268
    Latitude
    28.280808

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    FAQs

    What type of property is this?
    Office property - Affordable commercial office with flexible layout and new roof.
    Where is this office property located?
    The property is located at 6609 RIDGE ROAD 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: Reduced price by $150,000!; Potential rental income of $1,600 per month from existing tenant.; Flexible office space: can be used as one large office or two separate offices.
    (727) 967-4487
    We can help!
    Listing Contact
    Jeanine Affetto
    Jeanine Affetto
    Real Estate License ID: 3026821
    Learn More
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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.

    More about this property
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