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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10523 Us Hwy 19 Port Richey, FL 34668-2857

    • Banks
    • 5,002 SF
    • 0.88 lot acres
    OFF-MARKET
    Last Sale
    Mar 22, 2021
    $1,692,310
    Value Estimations
    $1,595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0505244
    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

    • Banks

    Property Details for 10523 Us Hwy 19

    Year built
    1973
    Lot size
    0.88 lot acres
    Property size
    5,002 SF
    Zone code
    00C2
    Property type
    Banks
    APN
    16-25-16-0000-01000-0000
    APU
    1625160000010000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,440,000
      ML approach
      $1,565,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,530,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.7005
    Latitude
    28.3103
    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
    $13,434
    $458,060
    $319,509
    $777,569
    -
    $458,060
    $319,509
    $777,569

    Comparable in this City

    • Value Estimation by Request
      6.31 Acres

      8231 Us 19

      Restaurants • 6.31 Acres
      8231 Us 19, Port Richey, FL 34668
      View Details
    • Value Estimation
      $825,000
      6,478 SF

      6514 Rdg Rd

      FINANCIAL BUILDING • 6,478 SF
      6514 Rdg Rd, Port Richey, FL 34668-6835
      View Details
    • Value Estimation by Request
      10,790 SF

      9037 Us-19

      Restaurants • 10,790 SF
      9037 Us-19, Port Richey, FL 34668
      View Details
    • Value Estimation
      $625,000
      11,097 SF

      8522 Us Hwy 19

      FINANCIAL BUILDING • 11,097 SF
      8522 Us Hwy 19, Port Richey, FL 34668-5343
      View Details
    • Value Estimation by Request
      4,996 SF

      8270 Rdg Rd

      FINANCIAL BUILDING • 4,996 SF
      8270 Rdg Rd, Port Richey, FL 34668-7037
      View Details
    • Value Estimation by Request
      7,680 SF

      6435 Rdg Rd

      FINANCIAL BUILDING • 7,680 SF
      6435 Rdg Rd, Port Richey, FL 34668-6749
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Former Bank Branch with Drive-Thru

      6,215 SF former bank branch on a hard corner.
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      Turnkey Gun Range & Retail

      Established gun range and retail storefront in Pasco County.
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      Turn-key auto shop, high NOI, excellent location.
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      15,369 SF

      Freestanding Building on US Highway

      Freestanding 15,369 SF building on 1.64 AC for sale.
      9332 Us Highway 19, Port Richey, FL 34668
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    • $510,000
      2,292 SF

      Prime Commercial Site on US-19

      Multi-building commercial site with high traffic and flexible zoning.
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      Port Richey Warehouse with Showroom

      Well-maintained warehouse with showroom, ideal for kitchen/bath remodel business.
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    Similar Nearby for Lease

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      750 SF

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      Retail space with high traffic, easy access, and ample parking.
      6420 Ridge Rd, Port Richey, FL 34668
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    • $2,500 /Mo
      5,000 SF

      Versatile Commercial Space in Port Richey

      Customizable commercial space with high visibility and buildout incentives.
      8836 Us Highway 19, Port Richey, FL 34668
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    • Contact for pricing
      15,369 SF

      Prime Port Richey Retail Space

      15,369 SF Freestanding Building - For Lease
      9332 Us Highway 19, Port Richey, FL 34668
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      17,786 SF

      Port Richey Retail Space Available

      2,700 SF unit with office and general space.
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    • $7 SF/Yr
      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
    • $15 SF/Yr
      6,300 SF

      Former Napa Auto Parts Store

      Second-generation retail space in a vibrant Port Richey community.
      7008 Ridge Rd, Port Richey, FL 34668
      View Details
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    10523 Us Hwy 19
    Port Richey, FL 34668-2857
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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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