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    8231 Us 19 Port Richey, FL 34668
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    8231 Us 19 Port Richey, FL 34668

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    • Retail properties & Spaces
    • 6.31 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 8231 Us 19

    Lot size
    6.31 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional 6.31-acre commercial property, located at 8231 US 19 North in Port Richey, Florida (zip code 34668), presents a unique investment opportunity. The property is zoned for a variety of uses, including retail, office, bank, and restaurant establishments, making it highly versatile and adaptable to various business needs. The site boasts excellent visibility and accessibility on the heavily trafficked US Highway 19, ensuring high exposure for any tenant. The strategic location offers significant advantages, situated a convenient 21 miles south of the prominent Gulf View Square Mall, providing access to a substantial consumer base. The property consists of multiple parcels

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.7204
    Latitude
    28.2771

    Comparable in this City

    • Value Estimation by Request
      10,790 SF

      9037 Us-19

      Restaurants • 10,790 SF
      9037 Us-19, Port Richey, FL 34668
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    • Value Estimation by Request
      10,790 SF

      9037 Us-19

      Restaurants • 10,790 SF
      9037 Us-19, Port Richey, FL 34668
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    • Value Estimation by Request
      3,168 SF

      9203 Us-19

      Restaurants • 3,168 SF
      9203 Us-19, Port Richey, FL 34668
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    • Value Estimation by Request

      11836 Us-19

      Restaurants
      11836 Us-19, Port Richey, FL 34668
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    • Value Estimation by Request
      6,000 SF

      6221 Ridge Rd

      Restaurants • 6,000 SF
      6221 Ridge Rd, Port Richey, FL 34668
      View Details
    • Value Estimation by Request
      10,000 SF

      9409 Hwy

      Restaurants • 10,000 SF
      9409 Hwy, Port Richey, FL 34668
      View Details

    Similar Nearby for Sale

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      6,215 SF

      Former Bank Branch with Drive-Thru

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    • $4,100,000
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      Waterfront Commercial Property with Marina

      1.23 AC commercial property with marina and redevelopment potential.
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      5,200 SF

      Prime Location Retail Investment Opportunity

      Located on heavily trafficked US Highway 19 in Tampa, FL MSA.
      10934 Us Highway 19, Port Richey, FL 34668
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    • New
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      Remodeled Office Building on Ridge Road

      Affordable commercial office with flexible layout and new roof.
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      15,369 SF

      Freestanding Building on US Highway

      Freestanding 15,369 SF building on 1.64 AC for sale.
      9332 Us Highway 19, Port Richey, FL 34668
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    Similar Nearby for Lease

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      Retail Plaza Space Available

      Retail space available with parking and signage opportunities.
      6221 Ridge Rd, Port Richey, FL 34668
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      Retail Space Available For Lease

      Retail property available for lease in Port Richey, Florida.
      9332 Us Highway 19, Port Richey, FL 34668
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      Corner Retail Land for Lease

      Ground lease opportunity at lighted corner with high traffic.
      6514 Ridge Rd, Port Richey, FL 34668
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      600 SF

      Retail Space on U.S. Highway

      Newly renovated retail space with high visibility and easy access.
      10604-10622 Devco Dr, Port Richey, FL 34668
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      1,175 SF

      Retail Space in Port Richey

      Retail space available in a busy Port Richey shopping center.
      8600-8623 Regency Park Blvd, Port Richey, FL 34668
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    • Contact for pricing
      3,296 SF

      Retail Space in Tempo Plaza

      Retail space available in Port Richey's Tempo Plaza.
      9304-9324 Us Highway 19 N, Port Richey, FL 34668
      View Details
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    8231 Us 19
    Port Richey, FL 34668
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    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
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