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6201-6211 6201 Ridge Rd 4,776 SF 100% Leased Retail Building Port Richey, FL 34668 $975,000 ($204.15/SF) 6.67% Cap Rate
Investment Highlights
- 100% Occupancy
- High concentration of Retail, Restaurant and Services surrounding the location
- 28000 Daily Traffic Count
Executive Summary
Prime investment opportunity to acquire a fully occupied commercial plaza in Pasco County, Florida. The property consists of six units, with one established tenant occupying three units and expressing interest in expanding into additional space. This asset requires no immediate capital improvements, featuring a new shingle roof (2025), HVAC systems all under three years old, and a recently resurfaced parking lot (completed two months ago). Current effective NOI is $65,000, with below-market rents in place, presenting a strong value-add opportunity for increased revenue.
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
$975,000
Price Per SF
$204.15
Cap Rate
6.67%
NOI
$65,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.47 AC
Zoning
C2
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 | Improvements Assessment | $240,849 |
| Land Assessment | $102,696 | Total Assessment | $343,545 |
Property Taxes
Parcel Number
28-25-16-0100-00000-0204
Land Assessment
$102,696
Improvements Assessment
$240,849
Total Assessment
$343,545
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Presented by
The Elite Realty Experience LLC
6201-6211 | 6201 Ridge Rd
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