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Property profile & analytics
OFF-MARKET
Estimated value
$6,950,000
Grocery and convenience stores
11322 Rdg Rd, New Port Richey, FL 34654-5309
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5385251
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
$6.95M
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
$6.95M
Range $6.26M – $7.65M · ±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
$157 / 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
Off-Market
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, FL
Zoning 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
New Port Richey. Always verify with local authorities before improvements.
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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