7728 Ridge Rd Port Richey, FL 34668
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.