Entity Owned Property summary
AI-generated overview
This property consists of a 6,144-square-foot building in Port Richey, Florida, offering office space configured for approximately 3,100 square feet. The building features a complete interior renovation and is situated on a 0.84-acre lot along US Highway 19, slightly south of Highway 52, providing direct highway frontage. Extensive on-site parking is available, and a neighboring medical business is located adjacent to the property. The site is zoned C2.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Total area
6,144 SF
Lot
0.84 ac (36,546 SF)
Zoning code
00C2
APN
15-25-16-0010-02300-0011
UPID
US18-4002186
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$974k
Blend (final)
Blend
$1.30M
Owner & transaction history
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
00C2 · Port Richey, FL
Top alternative use upside
Medical building
$1.3M
+94.0%
Retail stores
$1.3M
+85.1%
Commercial (general)
$1.0M
+48.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.30M
Value range
$1.17M – $1.43M
±10% around blend
Estimated value / SF
$212 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
60
$1.17M
blend $1.30M
$1.43M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,144 SF
Lot area
0.84 ac
Year built
1973
Stories
1
APN
15-25-16-0010-02300-0011
Zoning
00C2
Assessed value
$620,139
Annual tax
$10,881
3
Income approach: direct capitalization
Partial preview
Income approach indication
$680k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$735k
@ 6.5% CAP return
$680k
@ 7% CAP return
$630k
4
Sales comparison
Partial preview
Sales approach indication
$1.09M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
11.7 mi away · 6,469 SF
15.3 mi away · 4,458 SF
15.4 mi away · 5,759 SF
16.6 mi away · 4,407 SF
18.7 mi away · 7,444 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.30M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 27 sales
$111
+90%
County 127 sales
$148
+43%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $212/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+94%
vs current-use indication
Retail Stores
Commercial (general)
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
3.40%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.40%
9.0%
NOI (est.)
$77k *
Last sale · Aug 2024
$1.10M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.26M
Move the market yield to see immediate price impact.
Value / SF
$369
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.90%3.40%3.90%
$69k
$2.39M
$2.04M
$1.78M
$77k
$2.66M
$2.26M
$1.97M
$85k
$2.92M
$2.49M
$2.17M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$625k
4.3 mi · Oct 2025 · $117/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$10,881
Tax year 2023
Assessed value
$620,139
Assessed 2023
Previous assessed
$598,658
+3.6% YoY
Effective rate
1.75%
On assessed value
Assessed land
$237,730
Assessed improvement
$382,409
Land market value
$237,730
Improvement market value
$382,409
Total market value
$620,139
Applied tax rate
6,200.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1973
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1056
Bathrooms
12
Total area
6,144 SF
Lot
0.84 ac (36,546 SF)
Zoning code
00C2
APN
15-25-16-0010-02300-0011
UPID
US18-4002186
Jurisdiction
PASCO
Zoning & alternative use
00C2 · Port Richey, FLZoning 00C2 · permitted uses
00C2 · Port Richey, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1056
Bathrooms
12
Lot
0.84 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
00C2
Jurisdiction
Port Richey, FL
Recorded code
00C2
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