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Property profile & analytics
OFF-MARKET
Estimated value
$3,520,000
Community centers
3501 Universal Plz, New Port Richey, FL 34652-6205
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3068645
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Total area
11,800 SF
Lot
3.09 ac (134,600 SF)
Zoning code
00C2
APN
19-26-16-0010-02800-0040
UPID
US18-3068645
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
$4.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.52M
Owner & transaction history
Universal Mall LP · 5 yrs held
Universal Mall LP
since 2020
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
00C2 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+187.1%
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
$4,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,440,000
Change: +187% · Conversion: Easy
Blend value · Realmo final
$3.52M
Range $3.17M – $3.87M · ±10% · vs last sale $3.30M (Nov 16 2020)
Last sale anchor
$3.30M
Nov 16 2020
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
$298 / 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
$22,264
Tax year 2023
Assessed value
$1,154,025
Assessed 2023
Previous assessed
$1,164,563
-0.9% YoY
Effective rate
1.93%
On assessed value
Assessed land
$244,117
Assessed improvement
$909,908
Land market value
$244,117
Improvement market value
$909,908
Total market value
$1,154,025
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
11
Stories
1
Units
539
Bathrooms
22
Total area
11,800 SF
Lot
3.09 ac (134,600 SF)
Zoning code
00C2
APN
19-26-16-0010-02800-0040
UPID
US18-3068645
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
$2.4M
COMMERCIAL (GENERAL)
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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
11
Units
539
Bathrooms
22
Lot
3.09 ac
Current owner
From public records · entity-resolved
Universal Mall LP
Entity
Mailing address
15155 NW 7TH AVE, MIAMI, FL 33169-6201
Ownership since
2020
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
Nov 16, 2020
$3,300,000
Universal Mall LP
Cougar Investment Management LLC
Special Warranty Deed
$1,650,000 · Centerstate Bank NA
Jun 30, 2016
—
3501/3555 Universal Plaza L Trust
—
Deed
related
$1,000,000 · Usameribank
Jun 16, 2015
—
3501/3555 Universal Plaza L Trust
Cougar Property Management LLC
Warranty Deed
—
Aug 21, 2007
$5,300,000
Universal Plaza Center LLC
Make Us An Offer Three LLC
Warranty Deed
—
Mar 15, 2006
$4,300,000
Make Us An Offer Three LLC
Universal Plaza Associates
Warranty Deed
$3,454,000 · Wachovia Bank NA
Feb 1, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
$3,454,000 · Wachovia Bank NA
—
—
3501/3555 Universal Plaza L Trust
—
Deed Of Trust
related
$1,000,000 · Usameribank
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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