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Property profile & analytics
FOR SALE
Grocery and convenience stores
11322 Rdg Rd New Port Richey, FL 34654-5309
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5385251
For Sale
1 / 3
Contact for pricing
11322 Rdg Rd, New Port Richey, FL 34654-5309
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Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2001
Total area
44,327 SF
Lot
5.87 ac (255,697 SF)
Zoning code
0MF1
APN
29-25-17-0000-00600-0060
UPID
US18-5385251
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
-
George's Wholesale Tire Pros Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.35M
CAP Approach
CAP
$6.70M
Comparable Approach
Comparable
$8.87M
Blend (final)
Blend
$8.79M
Owner & transaction history
New Port Richey Properties LLC · 4 yrs held
New Port Richey Properties LLC
since 2022
Last sale
$6.9M
2 recorded transactions
Zoning & alternative use
0MF1 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$8,790,000
ML approach
$7,345,000
CAP Approach
CAP Return
Estimation
6%
$7,255,000
6.5%
$6,695,000
7%
$6,215,000
Blend value · Realmo final
$8.79M
Range $7.91M – $9.67M · ±10% · vs last sale $6.88M (Apr 21 2022)
Last sale anchor
$6.88M
Apr 21 2022
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
$198 / 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
$145,822
Tax year 2023
Assessed value
$8,035,886
Assessed 2023
Previous assessed
$7,837,569
+2.5% YoY
Effective rate
1.81%
On assessed value
Assessed land
$1,427,551
Assessed improvement
$6,608,335
Land market value
$1,427,551
Improvement market value
$6,608,335
Total market value
$8,035,886
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Sale
Year built
2001
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
11
Stories
1
Units
1400
Bathrooms
26
Total area
44,327 SF
Lot
5.87 ac (255,697 SF)
Zoning code
0MF1
APN
29-25-17-0000-00600-0060
UPID
US18-5385251
Jurisdiction
PASCO
Zoning & alternative use
0MF1 · New Port Richey, FLZoning 0MF1 · permitted uses
0MF1 · New Port Richey, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
11
Units
1400
Bathrooms
26
Lot
5.87 ac
Current owner
From public records · entity-resolved
New Port Richey Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1975 HEMPSTEAD TPKE STE #309, EAST MEADOW, NY 11554-1703
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2022
$6,878,800
New Port Richey Properties LLC
Fl Equities LLC
Warranty Deed
—
Feb 21, 2017
$10,350,000
Fl Equities LLC
Fairway-river Walk LLC
Trustees Deed
related
$7,700,000 · Bank Of 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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