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    Property profile & analytics

    7140 Rdg Rd Port Richey, FL 34668-6938

    • Warehouses
    • 14,680 SF
    • 1.76 lot acres
    OFF-MARKET
    Value Estimations
    $1,775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5987690
    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

    • Foreit Storage Solutions / Storage Facility
    • Store 'N Save Mini Storage / Storage Facility

    Property Details for 7140 Rdg Rd

    Year built
    1987
    Lot size
    1.76 lot acres
    Property size
    14,680 SF
    Zone code
    00C2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    27-25-16-0010-05300-0040
    APU
    2725160010053000040

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,270,000
      6.5%
      $2,095,000
      7%
      $1,945,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,758,000
      Market price range: $894k - $1.76M
      AI Estimate
      $1,465,000
      Market price range: $653k - $1.50M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,320,000
      Current use
      COMMERCIAL (GENERAL)
      $2,435,000
      Change: +85% Conversion: Difficult
      OFFICE BUILDING
      $1,635,000
      Change: +24% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.6957
    Latitude
    28.2797
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,456
    $289,006
    $809,819
    $1,098,825
    -
    $289,006
    $809,819
    $1,098,825

    Comparable in this City

    • Value Estimation
      $4,175,000
      34,319 SF

      7215 Rdg Rd

      MINI-WAREHOUSE, STORAGE • 34,319 SF
      7215 Rdg Rd, Port Richey, FL 34668-6941
      View Details
    • Value Estimation
      $1,885,000
      15,500 SF

      6101 Rdg Crst Dr

      MINI-WAREHOUSE, STORAGE • 15,500 SF
      6101 Rdg Crst Dr, Port Richey, FL 34668-5229
      View Details
    • Value Estimation
      $15,140,000
      124,470 SF

      11435 Us Hwy 19

      MINI-WAREHOUSE, STORAGE • 124,470 SF
      11435 Us Hwy 19, Port Richey, FL 34668-1439
      View Details
    • Value Estimation
      $5,475,000
      7,200 SF

      9906 Us Hwy 19

      MINI-WAREHOUSE, STORAGE • 7,200 SF
      9906 Us Hwy 19, Port Richey, FL 34668-3849
      View Details
    • Value Estimation
      $1,690,000
      102,860 SF

      10340 Us Hwy 19

      MINI-WAREHOUSE, STORAGE • 102,860 SF
      10340 Us Hwy 19, Port Richey, FL 34668-3130
      View Details
    • Value Estimation
      $3,545,000
      29,160 SF

      11204 Us Hwy 19

      MINI-WAREHOUSE, STORAGE • 29,160 SF
      11204 Us Hwy 19, Port Richey, FL 34668-1637
      View Details

    Similar Nearby for Sale

    • $375,000

      Port Richey Warehouse with Showroom

      Well-maintained warehouse with showroom, ideal for kitchen/bath business.
      10120 Ridgeway Dr, Port Richey, FL 34668
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      5,512 SF

      Commercial Warehouse on Pine Hill

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    • $625,000
      2,800 SF

      Versatile Industrial Warehouse in Port Richey

      2,800 SF warehouse with high ceilings and multiple roll-up doors.
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    • $685,000
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      Light Industrial Park Corner Lot

      Corner lot with store/office combination zoning in light industrial park.
      8220 Leo Kidd Ave, Port Richey, FL 34668
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    • $375,000
      1,860 SF

      Port Richey Warehouse with Showroom

      Well-maintained warehouse with showroom, ideal for kitchen/bath remodel business.
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    • $1,749,900
      5,000 SF

      New Metal Warehouse on Acres

      New 5,000 SF metal warehouse on 2.01 acres.
      6305 Springer Dr, Port Richey, FL 34668
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      800 SF

      Port Richey Industrial Mini-Units

      Refrigerated storage & workshops available
      8538 Bench Dr, Port Richey, FL 34668
      View Details
    • $67,680

      Port Richey Office/Warehouse Space

      7,200 sq ft office with warehouse access for rent.
      6736 Commerce Ave, Port Richey, FL 34668
      View Details
    • Contact for pricing

      Industrial Facility on US-19 Corridor

      20,500 SF industrial facility on 4.52 acres with highway frontage.
      8822 Us Highway 19, Port Richey, FL 34668
      View Details
    • $12,000 /Mo

      Office Space Near Bowling Alley

      Office space with private bathroom and utilities included.
      6935 Ridge Rd, Port Richey, FL 34668
      View Details
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    Port Richey, FL 34668-6938
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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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