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8821 Ridge Rd New Port Richey, FL 34654

Investment properties Google Maps
1,440 SF 0.3 ac lot Built 1971
Individually Owned 11-yr Hold ~ Est. High Equity
Estimated value (blended)
$295k
Range $266k – $325k (±10%)
Property ID US18-2771424

Property summary

AI-generated overview

This exceptional mixed-use property, located at 8821 Ridge Rd in New Port Richey, Florida, presents a unique investment opportunity. The 1,440 square foot building sits on a 0.67-acre lot and boasts 245 feet of highway frontage on Ridge Road, offering unparalleled visibility and accessibility. Currently operating as an auto sales business, this property is ideally suited for redevelopment given its strategic location and C2/R1MH zoning. The single-story building provides ample space for a variety of uses, making it an attractive option for owner-occupiers or investors seeking a high-return asset. The asking price is $899,000, translating to $624.31 per square foot. The property includes two APNs: 26-25-16-0020-00600-0430 and 26-25-16-0020-00600-0450. Its prime location in Pasco County, Florida, zip code 34654, offers easy access to major transportation routes and a thriving local market. An additional parcel is available; inquire for details. This is a rare chance to acquire a versatile property with significant redevelopment potential in a high-traffic area. The property's size and zoning provide flexibility for a wide range of commercial and residential uses.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1971
Total area 1,440 SF
Lot 0.3 ac (13,000 SF)
Zoning code 00C2
APN 26-25-16-0020-00600-0430
UPID US18-2771424

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2014
7 recorded transactions
2019
Price N/A
2018
Price N/A
2014
$120,000
2013
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

00C2 · New 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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More about this property
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