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Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Medical Office Space
1807 Short Br Dr, New Port Richey, FL 34655-4424
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3657379
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Total area
3,000 SF
Lot
0.07 ac (2,894 SF)
Zoning code
MPUD
APN
31-26-17-0060-00000-00H1
UPID
US18-3657379
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
-
Select Physical Therapy - Trinity Medical Clinic
-
Trinity Family & Sports Medicine Physician
-
Dr. Jesse Tippett, MD Pediatrician Physician
-
Access Healthcare Physician
-
Mrs. Jill Petersen Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$776k
Blend (final)
Blend
$810k
Owner & transaction history
Momentum Investments INC · 2 yrs held
Momentum Investments INC
since 2023
Last sale
$875,000
6 recorded transactions
Zoning & alternative use
MPUD · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$845,000
+20.7%
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
$740,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$700,000
Current use
RETAIL STORES
$845,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±10% · vs last sale $875k (Oct 9 2023)
Last sale anchor
$875k
Oct 9 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
$270 / 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
$10,038
Tax year 2023
Assessed value
$656,718
Assessed 2023
Previous assessed
$630,991
+4.1% YoY
Effective rate
1.53%
On assessed value
Assessed land
$195,345
Assessed improvement
$461,373
Land market value
$195,345
Improvement market value
$461,373
Total market value
$656,718
Applied tax rate
9,100.0000
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
2007
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Units
100
Bathrooms
2
Total area
3,000 SF
Lot
0.07 ac (2,894 SF)
Zoning code
MPUD
APN
31-26-17-0060-00000-00H1
UPID
US18-3657379
Jurisdiction
PASCO
Zoning & alternative use
MPUD · New Port Richey, FL
Zoning MPUD · permitted uses
MPUD · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$700,000
RETAIL STORES
Est. value
$845,000
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
100
Bathrooms
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Momentum Investments INC
Entity
Mailing address
1807 SHORT BR DR STE #101, TRINITY, FL 34655-4424
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2023
$875,000
Momentum Investments INC
Dean Forest Investments LLC
Warranty Deed
$656,250 · The Bank Of Tampa
Mar 15, 2022
—
Momentum Investments INC
—
Deed
related
$400,000 · The Bank Of Tampa
Sep 6, 2017
$500,000
Momentum Investments INC
Short Branch LLC
Warranty Deed
$800,000 · Bank Of Tampa
Aug 5, 2010
$456,000
Short Branch LLC
J & D Queen LLC
Warranty Deed
$315,000 · Capital City Bank
Feb 14, 2007
$402,000
J & D Queen LLC
Trinity Professional Place LLC
Warranty Deed
$283,613 · Suntrust Bank NA
—
—
Short Branch LLC
—
Deed Of Trust
related
—
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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