Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7228 Rdg Rd Port Richey, FL 34668-6940

    • Commercial land
    • 2.82 lot acres
    OFF-MARKET
    Last Sale
    Sep 23, 2021
    $289,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6982569
    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

    • Commercial land

    Property Details for 7228 Rdg Rd

    Lot size
    2.82 lot acres
    Zone code
    00C2
    Property type
    Commercial land
    APN
    27-25-16-0010-02700-0020
    APU
    2725160010027000020

    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
    -82.6939
    Latitude
    28.2799
    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
    $4,119
    $244,136
    $0.00
    $244,136
    -
    $244,136
    $0.00
    $244,136

    Comparable in this City

    • Value Estimation by Request
      0.76 Acres

      11006 Us Hwy 19

      VACANT COMMERCIAL LAND • 0.76 Acres
      11006 Us Hwy 19, Port Richey, FL 34668-2247
      View Details
    • Value Estimation by Request
      0.09 Acres

      10215 Midas Dr

      VACANT COMMERCIAL LAND • 0.09 Acres
      10215 Midas Dr, Port Richey, FL 34668-3659
      View Details
    • Value Estimation by Request
      0.14 Acres

      Port

      VACANT COMMERCIAL LAND • 0.14 Acres
      Port, Richey, FL 34668
      View Details
    • Value Estimation by Request
      1.19 Acres

      Port

      VACANT COMMERCIAL LAND • 1.19 Acres
      Port, Richey, FL 34668
      View Details
    • Value Estimation by Request
      1.00 Acres

      Port

      VACANT COMMERCIAL LAND • 1.00 Acres
      Port, Richey, FL 34668
      View Details
    • Value Estimation by Request
      0.12 Acres

      Port

      VACANT COMMERCIAL LAND • 0.12 Acres
      Port, Richey, FL 34668
      View Details

    Similar Nearby for Sale

    • $750,000

      Pad-Ready Out Parcel Available

      Available for sale, ground lease, or build to suit.
      Hammock Rd, Port Richey, FL 34668
      View Details
    • $174,900

      Commercial Land For Sale

      Commercial land available for purchase.
      7917 Radcliffe Cir, Port Richey, FL 34668
      View Details
    • $650,000

      Commercial Corner Lot on US 19

      0.70 acre corner lot with frontage on US 19.
      8900 Us 19 Hwy, Port Richey, 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
    • $285,000
      5.04 Acres

      Buildable Waterfront Land in Port Richey

      5-acre buildable lot with direct Gulf access and waterfrontage.
      Old Post Rd, Port Richey, FL 34668
      View Details
    • $900,000
      1.33 Acres

      Commercial Land on US Hwy 19

      1.33 acres of commercial land with high traffic volume.
      00 Us Highway 19, Port Richey, FL 34668
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      40,041 SF

      Industrial Land Parcel For Lease

      Prime industrial land for lease, ideal for outdoor storage.
      6702 Industrial Ave, Port Richey, FL 34668
      View Details
    • $1.93 SF/Yr
      72,742 SF

      Port Richey Commercial Land Development

      Prime 1.67-acre development site in Florida.
      10010 Us Highway 19, Port Richey, FL 34668
      View Details
    • Contact for pricing
      330,636 SF

      Embassy Crossing Office Suites

      Port Richey, FL Office Space Available
      9550 Us Highway 19, Port Richey, FL 34668
      View Details
    • $14 SF/Yr
      8,557 SF

      Port Richey Office Space For Lease

      Executive Suites & Coworking Available
      9108 Us Highway 19, Port Richey, FL 34668
      View Details
    • Contact for pricing
      750 SF

      Retail Space with High Visibility

      Retail space with high traffic, easy access, and ample parking.
      6420 Ridge Rd, Port Richey, FL 34668
      View Details
    • Contact for pricing
      40,011 SF

      Regional Center Retail Opportunity

      Dominant regional center with high visibility and strong demographics.
      9570-9654 Us Highway 19 N, Port Richey, FL 34668
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7228 Rdg Rd
    Port Richey, FL 34668-6940
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.