Port Richey Commercial/Industrial
8524 Rees St Port Richey, FL 34668
8524 Rees St, Port Richey, FL, 34668
$2,130,000
For Sale
$2,130,000
Sizable commercial/industrial property suitable for various light industrial or commercial uses.
Property Size9,440 SF
Price / SF$225.64
Days on Market110
Property Features for 8524 Rees St
General Information
- Standard status
- Active
- Size
- 9,440 SF
- Property subtype
- Vacant-User
Building Details
- Year Built
- 1978
Listing agency
Tampa Office
(813) 387-4866
Listed by
Joshua Farrales · License #License(s): FL: SL3624484
(813) 387-4866
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 3:55PM Checked: Jul 21 at 3:08AM
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 Tampa Office
Investment Insights
Based on property information with market context.
Located in Port Richey, Florida, within Pasco County, the commercial/industrial property at 8524 Rees Street has historically served business or light industrial purposes. The improvements are designed for functional, utility-oriented use, consistent with warehouse, workshop, or contractor-style operations, and offer extensive residential amenities. 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 contains 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.
Key Highlights
- Substantial building size: 9,000‑10,000 sq ft - ideal for owner‑users or investors.
- Functional construction featuring durable concrete block or steel.
- Adaptable open interior layouts.
Local Financial Insights For Flex RnD
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 | $169.9k | $18.00 |
| − Vacancy | −$13.6k | −$1.44 |
| EGI | $156.3k | $16.56 |
| − OpEx | −$54.7k | −$5.80 |
| NOI | $101.6k | $10.76 |
9,440 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.45M
$1.27M – $1.69M
NOI $101,612 @ 7.0% cap · market cap 4.77%
Second Best
Warehouse
$1.31M
$1.15M – $1.53M
NOI $91,975 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,526 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jo-Dan Auto Sales
Car Dealership
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Sizable commercial/industrial property suitable for various light industrial or commercial uses.
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: Substantial building size: **9,000‑10,000 sq ft** - ideal for owner‑users or investors.; Functional construction featuring durable concrete block or steel.; Adaptable open interior layouts.
