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    7728 Ridge Rd Port Richey, FL 34668

    For Sale
    $1,500,000

    Shovel-ready, 540-unit self-storage land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 2.82-acre development site in Port Richey, Florida, presents a prime investment opportunity. Priced at $1,500,000, this Class A property boasts approved plans for a state-of-the-art, 53,400-square-foot self-storage facility featuring 540 units, including climate-controlled options and 19 RV/boat spaces. The site is fully entitled and shovel-ready, allowing for immediate construction commencement. Located at 7728 Ridge Rd, Port Richey, FL 34668 (APN 27-25-16-0010-02700-0020), this property benefits from a strategic location with high traffic counts (24,000+ AADT) and strong demographics (148,655 population within a 5-mile radius, 7.9 net rentable square feet per person within a 1-mile radius). The area offers a blend of coastal charm and city amenities, with easy access to beaches and attractions. Port Richey's thriving community and growing residential and commercial base create a robust market for self-storage, making this a compelling investment poised for significant growth and return. The four-story building is projected to be completed in 2025. This is a rare opportunity to acquire a fully permitted and ready-to-build self-storage facility in a high-demand location.

    Property Features for 7728 Ridge Rd

    General Information

    Property type
    Self storage facilities
    Class
    A
    Lot Size
    122,839 SF

    Building Details

    Year Built
    2025
    Stories
    4
    Units
    540

    HighLights

    • 2.82‑acre prime self‑storage development site with 24,000+ AADT.
    • Shovel‑ready Class A site, development plans available.
    • Proposed 53,400 NRSF facility: 540 climate‑controlled units, 19 RV/boat spaces.
    • Strong demographics: 148,655 population within a 5‑mile radius.
    • 7.9 net rentable square feet per person within a 1‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.6890159
    Latitude
    28.2803438

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    FAQs

    What type of property is this?
    Self storage facility - Shovel-ready, 540-unit self-storage land
    Where is this self storage facility located?
    The property is located at 7728 Ridge Rd Port Richey, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 2.82-acre prime self-storage development site with 24,000+ AADT.; Shovel-ready Class A site, development plans available.; Proposed 53,400 NRSF facility: 540 climate-controlled units, 19 RV/boat spaces.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    7728 Ridge Rd Port Richey, FL 34668
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