Flex Space with Fenced
New
For Sale
$799,000
6926 RIDGE, Port Richey, FL 34668
C-2-zoned commercial property with refreshed interiors, on-site parking, and outdoor space for storage or fleet operations.
Property Size3,700 SF
Lot Size1.21 Acres
Price / SF$215.95
Days on Market1
Property Features for 6926 RIDGE
General Information
Standard status
Active
Size
3,700 SF
Lot size
1.21 Acres
Property subtype
Commercial
Zoning
C-2
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$399
Building Details
Building Size
3,700 SF
Year Built
1961
Buildings
1
Listing Agency:
BHHS - Florida Properties Group | Trinity
Listed By:
Erica Kielty · License #3636517
(727) 236-0103
Source:
Elliman
Added: Sep 5
Last Checked: Sep 5 at 2:50PM
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 BHHS - Florida Properties Group | Trinity
Investment Insights
Based on property information with market context.
This flex property includes approximately 3,700 square feet of building space on a 1.21-acre site along Ridge Road in Port Richey. The interior has been updated with fresh paint and new laminate flooring, while the roof was replaced in 2017. C-2 commercial zoning supports a range of potential commercial uses, subject to applicable zoning and permitting requirements.
A large fenced area provides dedicated outdoor space for commercial vehicle parking, equipment or material storage, fleet operations, or additional storage. The property also offers on-site parking and a site configuration suited to businesses that need more outdoor area than a typical commercial building. Built in 1961, the property is located at 6926 RIDGE in Port Richey, Florida.
A large fenced area provides dedicated outdoor space for commercial vehicle parking, equipment or material storage, fleet operations, or additional storage. The property also offers on-site parking and a site configuration suited to businesses that need more outdoor area than a typical commercial building. Built in 1961, the property is located at 6926 RIDGE in Port Richey, Florida.
Key Highlights
- Approximately 3,700 SF building on 1.21 acres
- C‑2 commercial zoning
- Large fenced‑in outdoor area for vehicle parking, equipment, material, fleet, or storage use
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
$39,827
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
4.98%
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%
$796,540
$796.5K
Cap Rate 7%
$568,957
$569.0K
Cap Rate 9%
$442,522
$442.5K
Market Conditions
NOI Build-Up for 3,700 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
$66.6K $18.00/SF
− Vacancy
−$5.3K −$1.44/SF
EGI
$61.3K $16.56/SF
− OpEx
−$21.4K −$5.80/SF
NOI
$39.8K $10.76/SF
Area
Pasco County, FL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$796,540
Cap Rate 7%
$568,957
Cap Rate 9%
$442,522
Alternative Uses
Best Use
Flex RnD
$569.0K
$497.8K – $663.8K
NOI $39,827 @ 7.0% cap · market cap 4.98%
Second Best
Industrial
$424.1K
$371.1K – $494.8K
NOI $29,688 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$842.8K
$737.5K – $983.3K
NOI $58,999 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - C-2-zoned commercial property with refreshed interiors, on-site parking, and outdoor space for storage or fleet operations.
Where is this flex space located?
The property is located at 6926 RIDGE Port Richey, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Approximately 3,700 SF building on 1.21 acres; C‑2 commercial zoning; Large fenced‑in outdoor area for vehicle parking, equipment, material, fleet, or storage use
