Building Details

Year Built 1999

Listed By: Lynette Krull Show Phone

Added: Sep 29, 2025 Changed: May 28

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,837

Cap Rate

2.99%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$776,740 $776.7K

Cap Rate 7%

$554,814 $554.8K

Cap Rate 9%

$431,522 $431.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,127 SF

Gross rent

$67.5K $21.60/SF

− Vacancy

−$5.4K −$1.73/SF

EGI

$62.1K $19.87/SF

− OpEx

−$23.3K −$7.45/SF

NOI

$38.8K $12.42/SF

Area

Pasco County, FL

Vacancy

8.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$776,740

Cap Rate 7%

$554,814

Cap Rate 9%

$431,522

Alternative Uses

Best Use

Mixed Use

$554.8K

$485.5K – $647.3K (±1% cap)

NOI $38,837 @ 7.0% cap · market cap 2.99%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$712.3K

$623.3K – $831.0K (±1% cap)

NOI $49,862 @ 7.0% cap · market cap 3.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Auto Parts Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

109

Businesses Nearby

Explore this area Business Placement

Demographics for 34654, FL

23,508

Population

10,372

Households

2.3

Avg Household Size

48

Median Age

22%

College-Educated

88%

High-School Grad

25.3 sq mi

ZIP Area

929

Density / Sq Mi

$64,210

Median Household Income

$41,221

Median Earnings

$1,449

Median Rent

$257,500

Median Home Value

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Frequently Asked Questions

What type of property is this?

Mixed-use property - 6.19 acres with home, pond, and commercial zoning.

Where is this mixed-use property located?

The property is located at 9215 Ridge Rd New Port Richey, FL.

What is the asking price?

The asking price for this property is $1,300,000.