Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Rdg Rd New Port Richey East, FL 34668

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Rdg Rd New Port Richey East, FL 34668

    View on Map
    • Land
    • 0.86 lot acres
    For Sale
    $495,000
    View Listing →
    Port Richey Commercial Land For Sale
    $495,000

    Port Richey Commercial Land

    0.86 Acres, High Traffic, C2 Zoning

    0 Rdg Rd, New, Port Richey, FL 34668
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Rdg Rd

    Lot size
    0.86 lot acres
    Property type
    Land

    Description

    This exceptional 0.86-acre commercial land parcel in Port Richey, Florida, presents a compelling investment opportunity. Located on Ridge Road, this property boasts excellent visibility and high traffic counts, averaging approximately 23,500 vehicles daily. Its strategic location offers easy access to US Highway 19, approximately 1.1 miles away. The property is zoned C2 by Pasco County, allowing for a wide range of commercial uses, including general goods and services, as well as social, cultural, and civic activities. This versatile zoning, combined with the high traffic volume and prominent road frontage, makes this site ideal for developers seeking to establish a thriving commercial presence. The property's APN is 28-25-16-0010-03300-0000. The asking price is $495,000, representing a land value of approximately $686,047 per acre. This prime location and flexible zoning create significant potential for diverse development projects. Don't miss this chance to acquire a highly desirable commercial property in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Port Richey East
    County
    Pasco
    State
    Florida
    Longitude
    -82.6994
    Latitude
    28.28

    Comparable in this City

    • Value Estimation by Request

      8891 Little Rd

      Land
      8891 Little Rd, New Port Richey, FL 34668
      View Details
    • Value Estimation by Request
      0.75 Acres

      5325 Treadway Dr

      Marinas • 6,700 SF
      5325 Treadway Dr, Port Richey, FL 34668
      View Details
    • Value Estimation by Request
      1.77 Acres

      10500 Scenic Dr

      Land • 75,000 SF
      10500 Scenic Dr, Port Richey, FL 34668
      View Details
    • Value Estimation by Request
      1.77 Acres

      10498 Scenic Dr

      Land • 1.77 Acres
      10498 Scenic Dr, Port Richey, FL 34668
      View Details
    • Value Estimation by Request
      0.33 Acres

      10201 Midas Dr

      Distribution properties • 0.33 Acres
      10201 Midas Dr, Port Richey, FL 34668
      View Details
    • Value Estimation by Request

      8921 Little Rd

      Land
      8921 Little Rd, New Port Richey, FL 34668
      View Details

    Similar Nearby for Sale

    • $495,000
      0.86 Acres

      Port Richey Commercial Land

      0.86 Acres, High Traffic, C2 Zoning
      0 Rdg Rd, New Port Richey East, FL 34668
      View Details
    • $122,000
      Pending

      Land Near Gulf of Mexico

      3.3 acres of land near beaches and amenities.
      Oelsner St, Port Richey, FL 34668
      View Details
    • Contact for pricing

      Vacant Lot in Quiet Neighborhood

      Vacant lot, no HOA, close to amenities, great opportunity!
      6534 Eleanor Dr, Port Richey, FL 34668
      View Details
    • $100,000

      Port Richey Land Parcels Available

      Two multi-lot parcels in growing river corridor, near marina.
      7814 Fischer Dr, Port Richey, FL 34668
      View Details
    • $285,000
      5.04 Acres

      Buildable Waterfront Land in Port Richey

      5-acre buildable lot with direct Gulf access and waterfrontage.
      Old Post Rd, Port Richey, FL 34668
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent

      Land available for single tenant occupancy.
      10010 Us Highway 19, Port Richey, FL 34668
      View Details
    • Contact for pricing

      Prime Commercial Land For Rent

      Located on heavily trafficked US Route 19 in Port Richey.
      9239 Us Highway 19, Port Richey, FL 34668
      View Details
    • $3,000 /Mo
      40,041 SF

      Industrial Land Parcel For Lease

      Prime industrial land for lease, ideal for outdoor storage.
      6702 Industrial Ave, Port Richey, FL 34668
      View Details
    • Contact for pricing

      Corner Retail Land for Lease

      Ground lease opportunity at lighted corner with high traffic.
      6514 Ridge Rd, Port Richey, FL 34668
      View Details
    • Contact for pricing

      Retail Space For Lease

      5,400 SF retail space available for lease.
      10110 Us Highway 19, Port Richey, FL 34668
      View Details
    • Contact for pricing

      Retail Plaza Space Available

      Retail space available with parking and signage opportunities.
      6221 Ridge Rd, Port Richey, FL 34668
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Rdg Rd
    New Port Richey East, FL 34668
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!