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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Office buildings
2550 Permit Pl, New Port Richey, FL 34655-4516
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-5063583
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2004
Total area
4,558 SF
Lot
0.74 ac (32,084 SF)
Zoning code
MPUD
APN
28-26-16-0000-00700-0010
UPID
US18-5063583
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
-
keystone title agency Title Company
-
Messina Law Group, P.A. Law Firm
-
FedEx Drop Box Postal Service Courier Service
-
Figurski Gerald A Law Firm
-
Figurski & Harrill Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$906k
Blend (final)
Blend
$960k
Owner & transaction history
2550 Permit Place Holdings LLC · 4 yrs held
2550 Permit Place Holdings LLC
since 2022
Last sale
$950,000
3 recorded transactions
Zoning & alternative use
MPUD · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+89.2%
Medical building
$1.1M
+56.7%
Commercial (general)
$785,000
+15.5%
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
$1,215,000
ML approach
$1,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$680,000
Current use
RETAIL STORES
$1,285,000
Change: +89% · Conversion: Moderate
MEDICAL BUILDING
$1,065,000
Change: +57% · Conversion: Easy
COMMERCIAL (GENERAL)
$785,000
Change: +15% · Conversion: Easy
WAREHOUSE, STORAGE
$630,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±10% · vs last sale $950k (Jun 2 2022)
Last sale anchor
$950k
Jun 2 2022
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
$211 / 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
$12,673
Tax year 2023
Assessed value
$730,829
Assessed 2023
Previous assessed
$481,509
+51.8% YoY
Effective rate
1.73%
On assessed value
Assessed land
$52,778
Assessed improvement
$678,051
Land market value
$52,778
Improvement market value
$678,051
Total market value
$730,829
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1242
Bathrooms
5
Total area
4,558 SF
Lot
0.74 ac (32,084 SF)
Zoning code
MPUD
APN
28-26-16-0000-00700-0010
UPID
US18-5063583
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
OFFICE BUILDING Current
Est. value
$680,000
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$785,000
WAREHOUSE, STORAGE
Est. value
$630,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1242
Bathrooms
5
Lot
0.74 ac
Current owner
From public records · entity-resolved
2550 Permit Place Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4306 E COLUMBUS DR, TAMPA, FL 33605-3231
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
$950,000
2550 Permit Place Holdings LLC
Blessing Ranch INC
Warranty Deed
—
Oct 20, 2014
$430,000
Blessing Ranch INC
Figurski,gerald A & Melody W
Grant Deed
—
Jul 15, 2003
—
Gerald A Figurski
—
Trustees Deed
related
$700,000 · Peoples Bank & Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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