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Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Warehouses
10409 State Rd 54 New Port Richey, FL 34655-2268
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-1196863
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Total area
18,920 SF
Lot
5.64 ac (245,678 SF)
Zoning code
00C2
APN
30-26-17-0000-00100-0022
UPID
US18-1196863
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Trinity Towers Self Storage Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.70M
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$2.68M
Owner & transaction history
Cbw Storage Ents INC · 21 yrs held
Cbw Storage Ents INC
since 2004
5 recorded transactions
Zoning & alternative use
00C2 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.4M
+68.6%
Commercial (general)
$3.3M
+24.2%
Office building
$2.8M
+7.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Port Richey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Port Richey submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,925,000
6.5%
$2,700,000
7%
$2,505,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,620,000
Current use
MEDICAL BUILDING
$4,420,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,255,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$2,820,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$142 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$82,648
Tax year 2023
Assessed value
$5,811,971
Assessed 2023
Previous assessed
$5,952,827
-2.4% YoY
Effective rate
1.42%
On assessed value
Assessed land
$731,160
Assessed improvement
$5,080,811
Land market value
$731,160
Improvement market value
$5,080,811
Total market value
$5,811,971
Applied tax rate
9,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
8
Stories
1
Units
16
Bathrooms
3
Total area
18,920 SF
Lot
5.64 ac (245,678 SF)
Zoning code
00C2
APN
30-26-17-0000-00100-0022
UPID
US18-1196863
Jurisdiction
PASCO
Zoning & alternative use
00C2 · New Port Richey, FL
Zoning 00C2 · permitted uses
00C2 · New Port Richey, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Port Richey. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.8M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
8
Units
16
Bathrooms
3
Lot
5.64 ac
Current owner
From public records · entity-resolved
Cbw Storage Ents INC
Entity
Mailing address
10409 STATE RD 54, NEW PORT RICHEY, FL 34655-2268
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2025
—
Sba Properties LLC
—
Deed
related
$760,530,000 · Deutsche Bank Trust Co Americas
Feb 6, 2008
—
Cbw Storage Ents INC
—
Deed Of Trust
related
$1,786,130 · Bank Of America
Dec 9, 2004
$760,000
Cbw Storage Ents INC
Trinity Towers Self Storage Lc
Warranty Deed
$2,600,000 · Peoples Bank & Trust
Dec 7, 2001
$24,000
Trinity Towers Selfstorage LLC
Wehr,robert
Grant Deed
—
—
—
Sba Properties INC
—
Deed Of Trust
related
$1,840,000,000 · Deutsche Bank Trust Co America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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