Income-Producing Office Condo
For Sale
$169,000
6609 Ridge Road Unit 1, Port Richey, FL 34668
Office condo with three offices, a restroom, and front-and-back parking on Ridge Road visibility.
Property Size1,000 SF
Price / SF$169
Days on Market71
Property Features for 6609 Ridge Road Unit 1
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Office
Building Details
Year Built
1981
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Sujata Katikala · License #3057328
Source:
Xome
Added: May 27
Changed: Jul 10
Last Checked: Aug 4 at 7:01AM
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 FLORIDA REALTY INVESTMENTS
Investment Insights
Based on property information with market context.
This income-producing office condo for sale offers a straightforward, functional layout with three offices and one restroom within an interior area described as 1,000 square feet. The unit is positioned for professional use and benefits from a low monthly condo fee that includes trash, water, and all exterior maintenance.
The property is located right on busy Ridge Road, with a pylon sign noted for visibility. Parking is available in both the front and back of the building, supporting convenient day-to-day access for employees, clients, and visitors. The Ridge Road Center plaza is across the street and is described as having Pizza Hut, Family Dollar, and an upcoming Latin market. The location is listed as under two miles from US 19 Hwy.
For tenant and buyer consideration, the unit’s internal office configuration suits organizations that need multiple private workspaces and an in-suite restroom. It is currently occupied, with the tenant described as flexible to stay or leave, making it workable for either owner-occupants or investors seeking an office condo in a retail-and-professional surrounding environment.
The property is located right on busy Ridge Road, with a pylon sign noted for visibility. Parking is available in both the front and back of the building, supporting convenient day-to-day access for employees, clients, and visitors. The Ridge Road Center plaza is across the street and is described as having Pizza Hut, Family Dollar, and an upcoming Latin market. The location is listed as under two miles from US 19 Hwy.
For tenant and buyer consideration, the unit’s internal office configuration suits organizations that need multiple private workspaces and an in-suite restroom. It is currently occupied, with the tenant described as flexible to stay or leave, making it workable for either owner-occupants or investors seeking an office condo in a retail-and-professional surrounding environment.
Key Highlights
- Income‑producing office condo on busy Ridge Rd with a pylon sign for visibility
- 3 offices, 1 restroom, and 1,000 SF total interior space
- Condo fee is low and includes trash, water, and exterior maintenance
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $11.0k | $11.04 |
| − Vacancy | −$2.0k | −$2.04 |
| EGI | $9.0k | $9.00 |
| − OpEx | −$2.2k | −$2.25 |
| NOI | $6.7k | $6.75 |
1,000 SF · lease $11.04/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$96.4K
$84.4K – $112.5K
NOI $6,748 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$227.8K
$199.3K – $265.8K
NOI $15,946 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,004
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office condo with three offices, a restroom, and front-and-back parking on Ridge Road visibility.
Where is this office units located?
The property is located at 6609 Ridge Road Unit 1 Port Richey, FL.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: Income‑producing office condo on busy Ridge Rd with a pylon sign for visibility; 3 offices, 1 restroom, and 1,000 SF total interior space; Condo fee is low and includes trash, water, and exterior maintenance
