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6201-6211 6201 Ridge Rd 4,776 SF 95% Leased Retail Building Port Richey, FL 34668 $850,000 ($177.97/SF) 7.65% Cap Rate
Investment Highlights
- 7.65% Cap Rate | 95% Occupancy | Recent Capital Improvements
- High concentration of Retail, Restaurant and Services surrounding the location
- 28000 Daily Traffic Count
Executive Summary
** $125,000 Price Improvement ** Prime investment opportunity to acquire a 95% occupied commercial plaza in Pasco County, Florida. The property consists of six units, with well established tenants. Only 570 sf out of 4777 sf vacant space. Capital improvements, include: a new shingle roof (2025), HVAC systems all under three years old, and recently resurfaced parking lot 2/2026. Current effective NOI is $65,000, Pro Forma NOI $71,000. Tenant Lease renewals 2/2027
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,776 SF
Building Class
B
Year Built
1981
Price
$850,000
Price Per SF
$177.97
Cap Rate
7.65%
NOI
$65,000
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.47 AC
Zoning
C2 - General Commercial
Parking
25 Spaces (5.23 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 28-25-16-0100-00000-0204 | Total Assessment | $343,545 (2026) |
| Land Assessment | $102,696 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $240,849 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
28-25-16-0100-00000-0204
Land Assessment
$102,696 (2026)
Improvements Assessment
$240,849 (2026)
Total Assessment
$343,545 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
6201-6211 | 6201 Ridge Rd