Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1638 Little Rd New Port Richey, FL 34655

    • Schools
    • 12,088 SF
    • 0.80 lot acres
    OFF-MARKET
    Last Sale
    Mar 22, 2023
    $4,900,000
    Value Estimations
    $4,925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2969655
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Amazing Explorers Academy Trinity / Preschool / Day Care Center

    Property Details for 1638 Little Rd

    Year built
    2022
    Lot size
    0.80 lot acres
    Property size
    12,088 SF
    Zone code
    00R4
    Property type
    Schools
    APN
    36-26-16-0000-00300-0101
    APU
    3626160000003000101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,115,000
      ML approach
      $4,980,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.666
    Latitude
    28.1832
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $471,789
    $1,385,251
    $1,857,040
    -
    $471,789
    $1,385,251
    $1,857,040

    Comparable in this City

    • Value Estimation
      $530,000
      7,984 SF

      3118 7th Spgs Blvd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 7,984 SF
      3118 7th Spgs Blvd, New Port Richey, FL 34655-3340
      View Details
    • Value Estimation
      $1,765,000
      25,926 SF

      2410 Welbilt Blvd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 25,926 SF
      2410 Welbilt Blvd, New Port Richey, FL 34655
      View Details
    • Value Estimation
      $1,585,000
      4,660 SF

      8824 Easthaven Ct

      COLLEGE, UNIVERSITY, VOC SCHOOL • 4,660 SF
      8824 Easthaven Ct, New Port Richey, FL 34655-5246
      View Details
    • Value Estimation
      $1,295,000
      7,505 SF

      10925 Trinity Blvd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 7,505 SF
      10925 Trinity Blvd, New Port Richey, FL 34655
      View Details
    • Value Estimation by Request
      6,142 SF

      9941 Trinity Blvd

      COLLEGE, UNIVERSITY, VOC SCHOOL • 6,142 SF
      9941 Trinity Blvd, Trinity, FL 34655-4527
      View Details
    • Value Estimation by Request
      11,259 SF

      10911 Fox Wood Commerce Dr

      COLLEGE, UNIVERSITY, VOC SCHOOL • 11,259 SF
      10911 Fox Wood Commerce Dr, New Port Richey, FL 34655-0065
      View Details

    Similar Nearby for Sale

    • $3,200,000

      Commercial Investment Opportunity

      Commercial property functioning as an early education learning center.
      10911 Fox Wood Commerce Dr, New Port Richey, FL 34655
      View Details
    • $149,900
      0.27 Acres

      Champions Club Homesite Opportunity

      Build your dream home in the exclusive Champions Club community.
      10610 Sabella Dr, Trinity, FL 34655
      View Details
    • $799,900

      Land Available in New Port Richey

      Land for sale at 4115 Little Rd, New Port Richey, FL.
      4115 Little Rd, New Port Richey, FL 34655
      View Details
    • $265,000
      6.12 Acres

      6.12 Acres Vacant Land

      Vacant land near Trinity, FL, with no HOA restrictions.
      00 Shooting Star Ct, New Port Richey, FL 34655
      View Details
    • $265,000
      12.50 Acres

      12.5 Acres Near Trinity, FL

      12.5 acre homesite near shopping, restaurants, and expressway.
      Shooting Star Ct, New Port Richey, FL 34655
      View Details
    • $5,354,000
      15,120 SF

      Walgreens Retail Investment Opportunity

      High-Yield NNN Lease, Florida
      7420 Fl-54, New Port Richey, FL 34655
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Deer Park Medtail Center - New Port Richey

      7,000 SF Retail Space - Available Now
      0 Little Rd, New Port Richey, FL 34655
      View Details
    • $32 SF/Yr
      7,548 SF

      Trinity Medical Office Building

      7,548 SF Medical Office Space, Pasco County
      2144 Duck Slough Blvd, Trinity, FL 34655
      View Details
    • $35 SF/Yr
      2,000 SF

      Retail Space in Power Center

      Retail space available in a high-traffic New Port Richey center.
      2900-3230 Little Rd, New Port Richey, FL 34655
      View Details
    • $40 SF/Yr
      900 SF

      Retail Space in Power Center

      Retail space available in a busy, anchored shopping center.
      3100-3234 Little Rd, New Port Richey, FL 34655
      View Details
    • $14 SF/Yr
      19,299 SF

      Trinity Commerce Center: Executive Suites

      Class A Office Space, Trinity, FL
      7916 Evolutions Way, Trinity, FL 34655
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in Publix-Anchored Center

      Retail space available in a Publix-anchored community center.
      1252-1414 Seven Springs Blvd, New Port Richey, FL 34655
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1638 Little Rd
    New Port Richey, FL 34655
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.