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    Property profile & analytics

    9023 Little Rd New Port Richey, FL 34654

    • Outlet malls
    • 18,560 SF
    • 0.78 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9877038
    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.

    Current Use by Public Records

    • Planet Fitness / Gym / Fitness Center

    Property Details for 9023 Little Rd

    Year built
    1985
    Lot size
    0.78 lot acres
    Property size
    18,560 SF
    Zone code
    0PUD
    Property type
    Outlet malls
    APN
    23-25-16-0010-05200-0060
    APU
    2325160010052000060

    Description

    Regency Square, a vibrant shopping center in New Port Richey, Florida, presents a compelling investment opportunity. This retail property, located at 9023-9217 Little Rd, 34654, boasts a total of 121,213 square feet across multiple tenancies. Currently, there is 4,920 square feet of vacant space available, offering flexible options for prospective tenants. Individual spaces range from a minimum of 1,470 square feet to a maximum contiguous space of 3,450 square feet, catering to a variety of business needs. The property sits on a 0.4-acre lot in Pasco County, providing excellent visibility and accessibility. Its strategic location in New Port Richey ensures high foot traffic and exposure to a thriving local community. This is an exceptional chance to acquire a well-situated retail space in a desirable Florida market. The property's existing infrastructure and established presence make it an ideal choice for businesses seeking immediate occupancy and strong return on investment. The available space offers significant potential for growth and expansion within a bustling commercial environment. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,177,000
      Market price range: $806k - $4.11M

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

    Location Insight

    • Map
    • Local Demand
    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.6773
    Latitude
    28.2884
    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
    $18,645
    $60,021
    $1,006,206
    $1,066,227
    -
    $60,021
    $1,006,206
    $1,066,227

    Comparable in this City

    • Value Estimation
      $11,985,000
      53,600 SF

      8501 Little Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 53,600 SF
      8501 Little Rd, New Port Richey, FL 34654-4924
      View Details
    • Value Estimation
      $7,780,000
      88,704 SF

      8333 Little Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 88,704 SF
      8333 Little Rd, New Port Richey, FL 34654-4921
      View Details
    • Value Estimation
      $1,275,000
      8,064 SF

      9736 Little Rd

      MINI-MALL • 8,064 SF
      9736 Little Rd, New Port Richey, FL 34654-3469
      View Details
    • Value Estimation by Request
      2,400 SF

      9203 Little Rd

      MINI-MALL • 2,400 SF
      9203 Little Rd, New Port Richey, FL 34654-4242
      View Details
    • Value Estimation by Request
      15,000 SF

      9025 Little Rd

      MINI-MALL • 15,000 SF
      9025 Little Rd, New Port Richey, FL 34654
      View Details
    • Value Estimation
      $555,000
      3,400 SF

      9107 Little Rd

      MINI-MALL • 3,400 SF
      9107 Little Rd, New Port Richey, FL 34654
      View Details

    Similar Nearby for Sale

    • $599,988

      Versatile Commercial Property on Little Road

      Adaptable commercial property with high visibility and multiple potential uses.
      10129 Little Rd, New Port Richey, FL 34654
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      Prime Commercial Land, Hudson, FL

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    • $899,000
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      Prime New Port Richey Mixed-Use

      1,440 SF Office/Retail, High Visibility
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    • $33,000
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      Cleared Double Lot Ready

      Cleared double lot suitable for traditional or mobile home.
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    • $1,149,000
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      Pasco County Development Opportunity

      Land with development potential in the heart of Pasco County.
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    • Contact for pricing
      0.18 Acres

      Residential Land in Moon Lake

      0.18-acre lot for custom or manufactured home.
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    Similar Nearby for Lease

    • Contact for pricing
      1,300 SF

      Retail Space in New Port Richey

      Neighborhood center with restaurant outparcel available for lease.
      9736-9910 Little Rd, New Port Richey, FL 34654
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Little Road

      Retail space available in high-traffic New Port Richey shopping center.
      9023-9217 Little Rd, New Port Richey, FL 34654
      View Details
    • Contact for pricing
      3 SF

      Retail Development Opportunity on Little Road

      Land available for retail development near Pasco County offices.
      7682 Little Rd, New Port Richey, FL 34654
      View Details
    • $24 SF/Yr
      130,937 SF

      Shoppes at Golden Acres Retail Space

      Prime New Port Richey retail/office suites.
      9736 Little Rd, New Port Richey, FL 34654
      View Details
    • Contact for pricing
      4,250 SF

      Retail End Cap with Drive-Thru

      Retail space with drive-thru in high-traffic New Port Richey.
      8428 Little Rd, New Port Richey, FL 34654
      View Details
    • Contact for pricing
      121,213 SF

      Regency Square Retail Center

      Prime New Port Richey Shopping Center
      9023 Little Rd, New Port Richey, FL 34654
      View Details
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    New Port Richey, FL 34654
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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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