New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,650,000
Grocery and convenience stores
4032 Madison St, New Port Richey, FL 34652-6029
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-2984884
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1978
Total area
44,065 SF
Lot
10.1 ac (439,957 SF)
Zoning code
00C2
APN
16-26-16-0010-06200-0000
UPID
US18-2984884
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
-
Drunk'n Monkey Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.66M
Comparable Approach
Comparable
$8.34M
Blend (final)
Blend
$6.65M
Owner & transaction history
Elfers Square Center INC · 22 yrs held
Elfers Square Center INC
since 2004
4 recorded transactions
Zoning & alternative use
00C2 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,210,000
6.5%
$6,655,000
7%
$6,180,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,340,000
Current use
MEDICAL BUILDING
$8,555,000
Change: -8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,920,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$6.65M
Range $5.99M – $7.32M · ±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
$151 / 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
$82,510
Tax year 2023
Assessed value
$4,300,826
Assessed 2023
Previous assessed
$3,991,267
+7.8% YoY
Effective rate
1.92%
On assessed value
Assessed land
$1,381,801
Assessed improvement
$2,919,025
Land market value
$1,381,801
Improvement market value
$2,919,025
Total market value
$4,300,826
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
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
23
Stories
2
Units
180
Bathrooms
33
Total area
44,065 SF
Lot
10.1 ac (439,957 SF)
Zoning code
00C2
APN
16-26-16-0010-06200-0000
UPID
US18-2984884
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
RETAIL STORES Current
Est. value
$9.3M
MEDICAL BUILDING
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$7.9M
RETAIL STORES Current
MEDICAL BUILDING
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
1978
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
23
Units
180
Bathrooms
33
Lot
10.1 ac
Current owner
From public records · entity-resolved
Elfers Square Center INC
Entity
Mailing address
1003 W CLEVELAND ST, TAMPA, FL 33606-1913
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2009
—
Elfers Square Center INC
—
Deed Of Trust
related
$6,460,000 · Wachovia Bank NA
Feb 9, 2004
$4,200,000
Elfers Square Center INC
Krysher,ruth E
Deed Of Trust
related
$7,110,000 · Southtrust Bank NA
—
—
East Ritchey Square Center INC
—
Deed Of Trust
related
$980,870 · Usameribank
—
—
East Ritchey Square Center INC
—
Loan Modification
related
$5,105,021 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4032 Madison St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
