6826 Ridge RdPort Richey, FL 34668

Property Details for 6826 Ridge Rd

Year built

1978

Lot size

0.33 AC

Property size (Sq ft)

3,990 SF

Zone code

00C2

Property type

Retail properties

APN

28-25-16-0150-00A00-0012

APU

282516015000A000012

Description

This exceptional opportunity presents a fully operational, turn-key automotive and tire shop in Port Richey, Florida. Located on a high-traffic road in Pasco County, this well-maintained, single-tenant building boasts 3,570 square feet across two stories, situated on a 0.33-acre lot. The property features four dock-high doors, 23-foot ceilings, and ample parking for 18 vehicles. The shop is equipped with six lifts (rotary and forward), hydraulic engine hoists and stands, four tire machines, a balancer, alignment equipment, and service computers. Services offered include engine and transmission rebuilds, tune-ups, oil changes, brake services, and tire sales. The building also includes a customer lobby, a private office, and a convenient efficiency apartment with a full bath. The business itself is valued at $400,000, with the real estate valued at $1,200,000. The property is zoned C2 and offers a strong NOI of $188,000, resulting in an attractive 11.75% cap rate. Seller financing is available. This is a prime opportunity for an owner-user seeking a profitable and established business with significant real estate value in a high-visibility location. Detailed financials are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,216,436

  6.5%

  $1,122,864

  7%

  $1,042,659

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,108,843

  Geo Method

  $1,108,843

• Alternative Use

  Use

  Valuation

  Residential

  $947,178

  Hospitality

  $867,610

  Educational

  $721,841

  Medical

  $746,666

  Retail

  $1,122,864

Location Insight

City

Port Richey

County

Pasco

State

Florida

Latitude

28.2802

Longitude

-82.7013

CBSA code

45300

CBSA name

TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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