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Property profile & analytics
OFF-MARKET
Estimated value
$5,635,000
Retail space
11938 Us Hwy 19 Port Richey, FL 34668-1055
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4095622
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Total area
11,830 SF
Lot
1.24 ac (53,907 SF)
Zoning code
00C2
APN
10-25-16-0050-02200-0041
UPID
US18-4095622
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
-
CVS Photo (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.64M
Owner & transaction history
Executive House Apartments LLC · 5 yrs held
Executive House Apartments LLC
since 2021
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
00C2 · Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.0M
+145.3%
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
$5,100,000
ML approach
$5,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,990,000
Change: +145% · Conversion: Easy
Blend value · Realmo final
$5.64M
Range $5.07M – $6.20M · ±10% · vs last sale $6.00M (Feb 19 2021)
Last sale anchor
$6.00M
Feb 19 2021
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
$476 / 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
$30,358
Tax year 2023
Assessed value
$1,699,065
Assessed 2023
Previous assessed
$1,604,638
+5.9% YoY
Effective rate
1.79%
On assessed value
Assessed land
$595,285
Assessed improvement
$1,103,780
Land market value
$595,285
Improvement market value
$1,103,780
Total market value
$1,699,065
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Units
630
Bathrooms
2
Total area
11,830 SF
Lot
1.24 ac (53,907 SF)
Zoning code
00C2
APN
10-25-16-0050-02200-0041
UPID
US18-4095622
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
RESTAURANT
Est. value
$6.0M
RESTAURANT
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
1999
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
630
Bathrooms
2
Lot
1.24 ac
Current owner
From public records · entity-resolved
Executive House Apartments LLC
Entity
Mailing address
PO BOX 1610, COCKEYSVILLE, MD 21030-7610
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2021
$6,000,000
Executive House Apartments LLC
First Gl Port Richey LLC
Special Warranty Deed
—
Oct 22, 2020
$35,700
First Gl Port Richey LLC
Noah Realty LLC
Grant Deed
related
—
May 12, 2014
$4,767,875
Noah Realty LLC
Bashmart LLC
Grant Deed
—
May 17, 2013
—
Victoria Pr Fl LLC
Victoria Land Partners LP
Quit Claim Deed
$2,750,000 · California Bank & Trust
Jan 2, 2013
$4,180,000
Bashmart LLC
Capozzoli Realty Port Richey L
Warranty Deed
—
Jul 22, 2005
$4,475,000
Realty Port Richey L Capozzoli
Sembler Edp Ptshp 10 Ltd
Warranty Deed
$3,580,000 · Citigroup Global Markets Realt
—
—
Realty Port Richey L Capozzoli
—
Deed Of Trust
related
$3,230,000 · Legacy Bank Florida
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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