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Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Office buildings
10532 Devco Dr, Port Richey, FL 34668-2826
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-4901855
Property summary
AI-generated overview
This exceptional 9,360 square foot free-standing office building in Port Richey, Florida, is available for $1,650,000. Built in 1974, this single-story structure sits on a 1.56-acre lot and is zoned C2. The property boasts a highly desirable location with 207 feet of frontage along US Highway 19, benefiting from an average annual daily traffic count of 55,000 vehicles. Previously occupied by AAA Insurance and Services, this property offers established prestige and immediate visibility. The spacious interior provides versatile space suitable for a variety of business uses. This is a unique opportunity to acquire a well-located commercial property with significant potential for growth and success in a high-traffic area of Pasco County. The asking price is $176.28 per square foot. The property address is 10532 Devco Drive, Port Richey, FL 34668.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
9,360 SF
Lot
1.56 ac (67,853 SF)
Zoning code
00C2
APN
15-25-16-0000-00300-0070
UPID
US18-4901855
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
-
AAA Port Richey Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.41M
Owner & transaction history
10532 Devco Drive LLC · 2 yrs held
10532 Devco Drive LLC
since 2023
Last sale
$1.4M
1 recorded transaction
Zoning & alternative use
00C2 · Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.0M
+94.0%
Retail stores
$1.9M
+85.1%
Commercial (general)
$1.6M
+48.8%
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 Port Richey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$1,420,000
ML approach
$1,425,000
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,035,000
7%
$960,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,045,000
Current use
MEDICAL BUILDING
$2,025,000
Change: +94% · Conversion: Easy
RETAIL STORES
$1,930,000
Change: +85% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,555,000
Change: +49% · Conversion: Easy
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±10% · vs last sale $1.40M (Oct 2 2023)
Last sale anchor
$1.40M
Oct 2 2023
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
$151 / 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
$13,031
Tax year 2023
Assessed value
$691,250
Assessed 2023
Previous assessed
$674,273
+2.5% YoY
Effective rate
1.89%
On assessed value
Assessed land
$289,600
Assessed improvement
$401,650
Land market value
$289,600
Improvement market value
$401,650
Total market value
$691,250
Applied tax rate
6,200.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
376
Bathrooms
2
Total area
9,360 SF
Lot
1.56 ac (67,853 SF)
Zoning code
00C2
APN
15-25-16-0000-00300-0070
UPID
US18-4901855
Jurisdiction
PASCO
Zoning & alternative use
00C2 · Port Richey, FL
Zoning 00C2 · permitted uses
00C2 · Port Richey, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Richey. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1974
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
376
Bathrooms
2
Lot
1.56 ac
Current owner
From public records · entity-resolved
10532 Devco Drive LLC
Entity
Mailing address
10532 DEVCO DR, PORT RICHEY, FL 34668-2826
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2023
$1,400,000
10532 Devco Drive LLC
The Auto Club Group INC
Special Warranty Deed
$125,000,000 · Regions Bank
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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