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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Medical Office Space
11924 Oak Trl Way, Port Richey, FL 34668
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3578101
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Total area
5,328 SF
Lot
0.58 ac (25,321 SF)
Zoning code
00C2
APN
10-25-16-0090-00000-0030
UPID
US18-3578101
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
-
General Denistry Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
$755k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$840k
Owner & transaction history
7400 State Road 52 LLC · 3 yrs held
7400 State Road 52 LLC
since 2023
Last sale
$930,000
7 recorded transactions
Zoning & alternative use
00C2 · 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 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
$790,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
$820,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,155,000
Current use
RETAIL STORES
$1,100,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $930k (Jun 14 2023)
Last sale anchor
$930k
Jun 14 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
$158 / 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
$9,070
Tax year 2023
Assessed value
$678,742
Assessed 2023
Previous assessed
$678,742
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$134,284
Assessed improvement
$544,458
Land market value
$134,284
Improvement market value
$544,458
Total market value
$678,742
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Units
5328
Bathrooms
4
Total area
5,328 SF
Lot
0.58 ac (25,321 SF)
Zoning code
00C2
APN
10-25-16-0090-00000-0030
UPID
US18-3578101
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
MEDICAL BUILDING Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING Current
RETAIL STORES
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
1979
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
5328
Bathrooms
4
Lot
0.58 ac
Current owner
From public records · entity-resolved
7400 State Road 52 LLC
Entity
Mailing address
9900 SW 168TH ST, MIAMI, FL 33157-4378
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2025
—
7400 State Road 52 LLC
—
Deed
related
$920,000 · Live Oak Banking Company
Apr 24, 2025
—
7400 State Road 52 LLC
—
Deed
related
$198,250 · Live Oak Banking Company
Apr 10, 2025
—
7400 State Road 52 LLC
—
Deed
related
$198,250 · Live Oak Banking Company
Jun 14, 2023
$930,000
7400 State Road 52 LLC
Brian J Kobitter
Warranty Deed
—
Feb 4, 2019
$110,000
Kobitter,brian J & Mary E L Trust
Walker,john P
Warranty Deed
$110,000 · John P Walker
Apr 16, 2018
—
Kobitter,brian J & Mary E Trust
Kobitter,brian J & Mary E
Quit Claim Deed
related
—
Aug 5, 1997
$120,800
John P Walker
Tanski,gary E
Grant Deed
—
—
—
Brian J Kobitter
—
Deed Of Trust
related
$297,450 · Suntrust Bank NA
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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