Port Richey Commercial/Industrial
8524 Rees St, Port Richey, FL 34668
Adaptable industrial space in a business-oriented corridor of Pasco County.
Type:Industrial
Property size:
10,720 SFLot size:
0.25 AcresPrice / SF:
$198/SF- Added:
- Feb 5, 2026
- Days on Market:
- 107
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 8524 Rees St
General Information
- Standard status
- Active
- Size
- 10,720 SF
- Lot size
- 0.25 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2010
Listing agent Devin Guilliams License #SL3422521
Listing office Marcus & Millichap
Listing date Feb 5, 2026
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 Marcus & Millichap
HighLights
- Sizeable Industrial/Commercial Space: Approximately 9,000‑10,000 square feet of interior space.
- Functional and Durable Construction: Designed with concrete block or steel elements and open interior layouts.
- Business‑Oriented Location: Situated in an industrial area of Port Richey with access to local and regional roads.
- Heavy‑Duty Utility Capacity: Equipped with business‑grade electrical service.
- Flexible Interior Space: Adaptable layout suitable for distribution, storage, or fabrication.
- Relatively New Construction: Built in 2010.
Overview
Located in Port Richey, Florida, within Pasco County, 8524 Rees Street is a commercial/industrial property historically used for business or light industrial purposes. The improvements are designed for functional, utility-oriented use, consistent with warehouse, workshop, or contractor-style operations. Situated in a predominantly industrial and service-oriented area with access to local arterial roads, the site is suitable for distribution, storage, fabrication, or similar commercial activities. The location benefits from proximity to U.S. 19 and other regional connectors serving western Pasco County. The building is reported to contain approximately 9,000 to 10,000 square feet of interior space. Public listings and descriptions suggest durable construction, including concrete block or steel elements, and features commonly sought by industrial users, such as open interior layouts, heavy-duty utility capacity, and business-grade electrical service. The building size is substantial for the Port Richey submarket, particularly for owner-users or investors seeking flexible industrial space. The property's appeal lies in its functional construction, adaptable interior space, and location within a business-oriented corridor of western Pasco County, making it suitable for a range of light industrial or commercial uses. The property size is 10,720 square feet.
Financial Insights
Value Estimation Calculated for Flex RnD
Conservative
$1.28M
NOI $115,390 @ 9.00% cap · cautious / downside scenario
Moderate
$1.65M
NOI $115,390 @ 7.00% cap · market / base-case scenario
Aggressive
$2.31M
NOI $115,390 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Flex RnD
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $193.0k | $18.00 |
| − Vacancy | −$15.4k | −$1.44 |
| EGI | $177.5k | $16.56 |
| − OpEx | −$62.1k | −$5.80 |
| NOI | $115.4k | $10.76 |
10,720 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Use Scenarios
Best Use
Flex RnD
$1.65M
$1.44M – $1.92M
NOI $115,390 @ 7.0% cap · market cap 5.42%
Second Best
Warehouse
$1.49M
$1.31M – $1.74M
NOI $104,446 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $170,937 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Jo-Dan Auto Sales
Car Dealership
Location Insight
- Map
- Local Demand
- City
- Port Richey
- County
- Pasco
- State
- Florida
- Longitude
- -82.7138317
- Latitude
- 28.2812273
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Adaptable industrial space in a business-oriented corridor of Pasco County.
Where is this flex space located?
The property is located at 8524 Rees St Port Richey, FL.
What is the asking price?
The asking price for this property is $2,130,000.
What are key features of this property?
This property features: Sizeable Industrial/Commercial Space: Approximately 9,000‑10,000 square feet of interior space.; Functional and Durable Construction: Designed with concrete block or steel elements and open interior layouts.; Business‑Oriented Location: Situated in an industrial area of Port Richey with access to local and regional roads.
