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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Grocery and convenience stores
2441 7th Spgs Blvd, New Port Richey, FL 34655-3630
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-1847578
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1989
Total area
3,684 SF
Lot
1.46 ac (63,550 SF)
Zoning code
00C2
APN
28-26-16-0000-00100-0077
UPID
US18-1847578
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$450k
CAP Approach
CAP
$630k
Comparable Approach
Comparable
$778k
Blend (final)
Blend
$620k
Owner & transaction history
2441 Seven Springs Blvd LLC · 9 yrs held
2441 Seven Springs Blvd LLC
since 2016
5 recorded transactions
Zoning & alternative use
00C2 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$745,000
+180.3%
Auto repair, garage
$600,000
+126.9%
Office building
$455,000
+70.6%
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
by Request
ML approach
$450,000
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$630,000
7%
$585,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$745,000
Change: +180% · Conversion: Easy
AUTO REPAIR, GARAGE
$600,000
Change: +127% · Conversion: Difficult
OFFICE BUILDING
$455,000
Change: +71% · Conversion: Moderate
RETAIL STORES
$385,000
Change: +46% · Conversion: Easy
MEDICAL BUILDING
$380,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±10%
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
$168 / 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
$13,143
Tax year 2023
Assessed value
$736,749
Assessed 2023
Previous assessed
$702,582
+4.9% YoY
Effective rate
1.78%
On assessed value
Assessed land
$458,725
Assessed improvement
$278,024
Land market value
$458,725
Improvement market value
$278,024
Total market value
$736,749
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1046
Bathrooms
2
Total area
3,684 SF
Lot
1.46 ac (63,550 SF)
Zoning code
00C2
APN
28-26-16-0000-00100-0077
UPID
US18-1847578
Jurisdiction
PASCO
Zoning & alternative use
00C2 · New Port Richey, FL
Zoning 00C2 · permitted uses
00C2 · 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
COMMERCIAL (GENERAL)
Est. value
$745,000
AUTO REPAIR, GARAGE
Est. value
$600,000
OFFICE BUILDING
Est. value
$455,000
RETAIL STORES
Est. value
$385,000
MEDICAL BUILDING
Est. value
$380,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
MEDICAL BUILDING
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
1989
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1046
Bathrooms
2
Lot
1.46 ac
Current owner
From public records · entity-resolved
2441 Seven Springs Blvd LLC
Entity
Free & Clear · 9 yrs held
Mailing address
15429 N FLORIDA AVE, TAMPA, FL 33613-1235
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2016
$865,000
2441 Seven Springs Blvd LLC
Sb Holdings Of Sarasota LLC
Grant Deed
—
Apr 19, 2016
—
Sb Holdings Of Sarasota LLC
Come Again INC Coc
Trustees Deed
related
—
Apr 18, 2016
—
Sb Holdings Of Sarasota LLC
Special Master Of Pasco County|come Again INC
Trustees Deed
related
—
Aug 4, 2004
$811,000
Come Again INC
Motiva Ents LLC
Grant Deed
$1,075,000 · First State Bank
Oct 19, 1998
$2,014,800
Motiva Enterprises LLC
Shell Oil Co
Grant Deed
—
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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