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    Property profile & analytics

    5325 Treadway Dr Port Richey, FL 34668

    • Marinas
    • 6,700 SF
    • 0.75 lot acres
    For Sale
    View listing
    $4,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5278444
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Seaside Bar and Grill / Bar

    Property Details for 5325 Treadway Dr

    Lot size
    0.75 lot acres
    Property size
    6,700 SF
    Property type
    Marinas
    Property subtype
    Hotels
    APN
    32-25-16-0000-01600-0010

    Description

    This exceptional 1.51-acre waterfront property in Port Richey, Florida, presents a unique redevelopment opportunity. The site boasts a 200-foot commercial marina (80% leased), a currently operating restaurant with a liquor license and seating for 165, and a former hotel building. The property is situated on the Cotee River, near popular establishments and attractions, benefiting from a prime location within a designated redevelopment area. The city has invested $5 million in recent infrastructure improvements, including new lighting, streets, sidewalks, and golf cart paths. The property is zoned C2 Commercial, allowing for a wide range of uses, and includes six lots across three parcels. Comprehensive Phase 1 environmental reports and surveys are available. Concept plans for a 90-120 room hotel resort are also available. The asking price is $5,200,000, with seller financing a possibility. The property offers significant upside potential due to its location, existing infrastructure, and zoning. The current NOI is $85,000, with a pro-forma NOI of $1,200,000 and a pro-forma cap rate of 15%. The property includes 71 parking spaces and two buildings with two stories each. The total net rentable square footage is 15,000 square feet. The existing restaurant lease has one year remaining. This is a multi-tenant property with eight tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.725703362231
    Latitude
    28.273333428969

    Comparable in this City

    • $4,000,000
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      Waterfront Land with Development Potential

      1.23 AC C2 Zoned land with high-income potential.
      5325 Treadway Dr, Port Richey, FL 34668
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    • $275,000

      Port Richey Duplex Near Waterfront

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    • $649,000

      Port Richey Specialty Property

      Specialty property available for sale in Port Richey, Florida.
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    • $495,000
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      Port Richey Commercial Land

      0.86 Acres, High Traffic, C2 Zoning
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    • $219,000

      Port Richey Redevelopment Opportunity

      Land with redevelopment potential in an active industrial area.
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    • $150,000
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      Vacant Land Near Waterfront

      Vacant lot suitable for single-family or multi-family construction.
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    Similar Nearby for Sale

    • $4,000,000
      1.23 Acres

      Waterfront Land with Development Potential

      1.23 AC C2 Zoned land with high-income potential.
      5325 Treadway Dr, Port Richey, FL 34668
      View Details
    • $275,000

      Port Richey Duplex Near Waterfront

      Income-producing duplex in a desirable location near waterfront amenities.
      8124 Cormel St, Port Richey, FL 34668
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    • $649,000

      Port Richey Specialty Property

      Specialty property available for sale in Port Richey, Florida.
      5630 Queener Ave, Port Richey, FL 34668
      View Details
    • $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
    • $219,000

      Port Richey Redevelopment Opportunity

      Land with redevelopment potential in an active industrial area.
      8153 Oakleaf Ave, Port Richey, FL 34668
      View Details
    • $150,000
      0.21 Acres

      Vacant Land Near Waterfront

      Vacant lot suitable for single-family or multi-family construction.
      7830 Chasco St, Port Richey, FL 34668
      View Details

    Similar Nearby for Lease

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    • $82 SF/Yr
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      Prime Waterfront Restaurant Opportunity

      7,000 SF Waterfront Restaurant/Bar
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    • $3,000 /Mo
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      Port Richey Commercial Land Development

      Prime 1.67-acre development site in Florida.
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    • Contact for pricing
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      Embassy Crossing Office Suites

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    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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