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    10014 Grv Dr Port Richey, FL 34668-3400
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    Property profile & analytics

    10014 Grv Dr, Port Richey, FL 34668-3400

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    • Investment properties
    • 3,936 SF
    • 0.85 lot acres
    Off-Market
    Property ID
    US18-5569287
    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
    $760,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Blackwell Insurance / Insurance Agency
    • NavSav Insurance - Port Richey / Insurance Agency
    • Homeowners Insurance / Insurance Agency
    • Catalyst Insurance Management / Insurance Agency
    • Representative John Legg / State Government Office

    Property Details for 10014 Grv Dr

    Year built
    1979
    Lot size
    0.85 lot acres
    Zone code
    00ER
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    14-25-16-0020-00000-0113
    APU
    1425160020000000113

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 3, 2013 $50,000 Lori A Harding Staley,susan B Warranty Deed —
    Jul 8, 2005 — Susan H Barrett Barrett,susan H Quit Claim Deed · related —
    Mar 5, 1999 $170,000 Susan H Barrett Lund,diane N Grant Deed $157k · Nationsbank
    — — Susan H Barrett — Deed Of Trust · related $266k · Bank Of America
    — — Diane N Lund — Deed Of Trust · related $59k · Suntrust Bank Nature Coast
    — — Susan B Staley — Deed Of Trust · related —
    — — Lori Harding — Deed Of Trust · related $290k · Suntrust Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $815,000
      6.5%
      $750,000
      7%
      $700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $672,000
      Market price range: $401k - $1.06M
      AI Estimate
      $859,000
      Market price range: $512k - $1.31M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $655,000
      Current use
      MEDICAL BUILDING
      $850,000
      Change: +30% Conversion: Easy
      RETAIL STORES
      $810,000
      Change: +24% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.6689
    Latitude
    28.3028
    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
    $5,828
    $90,262
    $323,393
    $413,655
    -
    $90,262
    $323,393
    $413,655

    Comparable in this City

    • Value Estimation by Request
      1,152 SF

      5615 Lorenzen Rd

      OFFICE/RESIDENTIAL (MIXED USE)
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    • Value Estimation by Request
      1,056 SF

      7016 Palisade Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      7016 Palisade Dr, Port Richey, FL 34668-2529
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    • Value Estimation by Request
      1,020 SF

      5632 Riv Gulf Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      5632 Riv Gulf Rd, Port Richey, FL 34668-6529
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    • Value Estimation by Request
      1,428 SF

      5424 Baylea Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      5424 Baylea Ave, Port Richey, FL 34668-6505
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    • Value Estimation by Request
      770 SF

      8630 Bench Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      8630 Bench Dr, Port Richey, FL 34668-5301
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    • Value Estimation by Request
      308 SF

      5425 Cotee Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      5425 Cotee Ave, Port Richey, FL 34668
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,492 SF

      Unique Mixed-Use Property with Lake

      Sprawling 16-acre property with residences and a spring-fed lake.
      8301 Congress St, Port Richey, FL 34668
      View Details
    • $2,599,999
      2,674 SF

      Sprawling Mixed-Use Property with Lake

      16-acre mixed-use property with two residences and a spring-fed lake.
      8301 Congress St, Port Richey, FL 34668
      View Details
    • $2,599,999
      16.13 Acres

      Unique Mixed-Use Property with Lake

      Sprawling 16-acre property with residences and a spring-fed lake.
      8301 Congress St, Port Richey, FL 34668
      View Details
    • $285,000
      5.04 Acres

      Buildable Waterfront Land in Port Richey

      5-acre buildable lot with direct Gulf access and waterfrontage.
      Old Post Rd, Port Richey, FL 34668
      View Details
    • $495,000
      0.86 Acres

      Port Richey Commercial Land

      0.86 Acres, High Traffic, C2 Zoning
      0 Rdg Rd, New Port Richey East, FL 34668
      View Details
    • $900,000
      1.33 Acres

      Commercial Land on US Hwy 19

      1.33 acres of commercial land with high traffic volume.
      00 Us Highway 19, Port Richey, FL 34668
      View Details

    Similar Nearby for Lease

    • $12,000 /Mo

      Ridge Road Commercial Space

      Commercial space for rent at Ridge Road, Port Richey.
      7200 Ridge Rd, Port Richey, FL 34668
      View Details
    • Contact for pricing
      600 SF

      Retail Space on U.S. Highway

      Newly renovated retail space with high visibility and easy access.
      10604-10622 Devco Dr, Port Richey, FL 34668
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in Port Richey, Florida.
      9332 Us Highway 19, Port Richey, FL 34668
      View Details
    • Contact for pricing
      1,400 SF

      Regional Center Retail Space Available

      Dominant regional center with high visibility and strong demographics.
      9656-9686 Us Highway 19 N, Port Richey, FL 34668
      View Details
    • $15 SF/Yr

      Port Richey Retail Space Available

      2,700 SF unit with office and general space.
      7006 Ridge Rd, Port Richey, FL 34668
      View Details
    • Contact for pricing
      3,179 SF

      Port Richey Flex Warehouse Space

      Flex warehouse with office in Port Richey's industrial zone.
      7914 Clark Moody Blvd, Port Richey, FL 34668
      View Details
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    Port Richey, FL 34668-3400
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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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