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6709 Ridge Rd Port Richey, FL 34668

Office buildings Google Maps
36,258 SF 2.16 ac lot Built 1986
Entity Owned 5-yr Hold Free & Clear
Estimated value (blended)
$830k
Range $747k – $913k (±10%)
Property ID US18-5324388

Property summary

AI-generated overview

This exceptional three-story, 36,834-square-foot office building, situated on 2.09 acres in Port Richey, Florida, presents a remarkable investment opportunity. Completely renovated in 2022, the property boasts 11 suites, offering flexible spaces ranging from a minimum of 731 square feet to a maximum contiguous area of 2,510 square feet. Currently, 12,300 square feet are available for lease. The building features modern finishes throughout, including attractive grey plank flooring, fresh paint, updated ceiling tiles, and energy-efficient LED lighting. All suites benefit from new HVAC units equipped with upgraded HEPA filtration systems. The exterior has also undergone significant improvements, with a fresh coat of paint, a newly paved and restriped parking lot accommodating 139 vehicles, and an updated monument sign enhancing visibility. Located at 6709 Ridge Rd, Port Richey, FL 34668, this Class B building enjoys exceptional visibility due to its Ridge Road frontage, strategically positioned between US Highway 19 and Little Road, a major east-west thoroughfare. Convenient access to the Suncoast Parkway is also readily available via the new Ridge Road extension. The property is zoned C1 and features a single passenger elevator. Built in 1986, this meticulously maintained building offers a blend of classic charm and modern functionality, making it an ideal location for a variety of businesses. The property's address is 6709 Ridge Rd, Port Richey, FL 34668. APN: 28-25-16-0140-00I00-0030.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1986
Total area 36,258 SF
Lot 2.16 ac (93,903 SF)
Zoning code 00C1
APN 28-25-16-0140-00I00-0030
UPID US18-5324388

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Law Firm
  • Law Firm
  • Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.52M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.59M
Blend (final) Blend
$830k

Owner & transaction history

since 2021
Last sale
$976,500
5 recorded transactions
2023
Price N/A
2021
$976,500
2016
$600,000
2005
$3.2M
1969
Price N/A

Zoning & alternative use

00C1 · Port Richey, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
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