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    9500 Scenic Dr Port Richey, FL 34668-4653
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    Property profile & analytics

    9500 Scenic Dr Port Richey, FL 34668-4653

    View on Map
    • Retail space
    • 24,692 SF
    • 2.83 lot acres
    Off-Market
    Property ID
    US18-1978296
    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.
    Value Estimations
    $2,295,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rooms To Go / Furniture & Home Goods / Home Decor Store
    • Acceptance Now / Furniture & Home Goods / Home Decor Store

    Property Details for 9500 Scenic Dr

    Year built
    1991
    Lot size
    2.83 lot acres
    Property size
    24,692 SF
    Zone code
    00C2
    Property type
    Retail space
    APN
    21-25-16-0000-00200-0065
    APU
    2125160000002000065

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,023,000
      Market price range: $1.85M - $7.43M
      AI Estimate
      $1,680,000
      Market price range: $1.18M - $4.55M

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.7086
    Latitude
    28.2963
    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
    $33,303
    $583,553
    $1,207,311
    $1,790,864
    -
    $583,553
    $1,207,311
    $1,790,864

    Comparable in this City

    • Value Estimation
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      6,240 SF

      9304 Us Hwy 19

      RETAIL STORES (PERSONAL SERVICES) • 6,240 SF
      9304 Us Hwy 19, Port Richey, FL 34668-4772
      View Details
    • Value Estimation
      $950,000
      15,680 SF

      8836 Us Hwy 19

      RETAIL STORES (PERSONAL SERVICES) • 15,680 SF
      8836 Us Hwy 19, Port Richey, FL 34668-5242
      View Details
    • Value Estimation
      $795,000
      4,200 SF

      8619 Us Hwy 19

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      8619 Us Hwy 19, Port Richey, FL 34668-5346
      View Details
    • Value Estimation by Request
      2,640 SF

      5737 Sun Glo Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,640 SF
      5737 Sun Glo Ave, Port Richey, FL 34668-6628
      View Details
    • Value Estimation by Request
      1,111 SF

      7915 Bayview St

      RETAIL STORES (PERSONAL SERVICES) • 1,111 SF
      7915 Bayview St, Port Richey, FL 34668-6347
      View Details
    • Value Estimation by Request
      2,300 SF

      8215 Us Hwy 19

      RETAIL STORES (PERSONAL SERVICES) • 2,300 SF
      8215 Us Hwy 19, Port Richey, FL 34668-6640
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,215 SF

      Former Bank Branch with Drive-Thru

      6,215 SF former bank branch on a hard corner.
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      15,369 SF

      Freestanding Building on US Highway

      Freestanding 15,369 SF building on 1.64 AC for sale.
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      1,913 SF

      Retail Space in Port Richey

      Retail spaces available in community center on US Highway 19.
      10017 Us Highway 19 N, Port Richey, FL 34668
      View Details
    • $899,900
      1,920 SF

      Renovated Commercial Building on US-19

      Turnkey commercial building on US-19, ideal for office or retail.
      8312 Us Highway 19, 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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    Similar Nearby for Lease

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      600 SF

      Retail Space on U.S. Highway

      Newly renovated retail space with high visibility and easy access.
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    • Contact for pricing
      1,230 SF

      Retail Space in High-Traffic Area

      Retail space in a heavily trafficked Tampa Bay location.
      9409 Us Highway 19, Port Richey, FL 34668
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      26,000 SF

      Port Richey Retail Space Available

      26,000 SF retail space off US Highway 19.
      6411 Tacoma Dr, Port Richey, FL 34668
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      5,098 SF

      Retail Space Near Gulfview Mall

      Retail spaces for lease near Gulfview Mall.
      6233-6341 Tacoma Dr, Port Richey, FL 34668
      View Details
    • Contact for pricing
      1,175 SF

      Retail Space in Port Richey

      Retail space available in a busy Port Richey shopping center.
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      View Details
    • Contact for pricing
      3,296 SF

      Retail Space in Tempo Plaza

      Retail space available in Port Richey's Tempo Plaza.
      9304-9324 Us Highway 19 N, Port Richey, FL 34668
      View Details
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    9500 Scenic Dr
    Port Richey, FL 34668-4653
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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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