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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Medical Office Space
4518 Grand Blvd, New Port Richey, FL 34652-5119
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-5276688
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
4,843 SF
Lot
1.34 ac (58,232 SF)
Zoning code
0PO2
APN
17-26-16-0040-01400-0020
UPID
US18-5276688
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
by Request
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$687k
Blend (final)
Blend
$570k
Owner & transaction history
Spirit Master Funding Vi LLC · 12 yrs held
Spirit Master Funding Vi LLC
since 2014
5 recorded transactions
Zoning & alternative use
0PO2 · 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%
$745,000
6.5%
$685,000
7%
$640,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$940,000
Current use
COMMERCIAL (GENERAL)
$870,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$118 / 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
$14,359
Tax year 2023
Assessed value
$797,570
Assessed 2023
Previous assessed
$762,377
+4.6% YoY
Effective rate
1.80%
On assessed value
Assessed land
$116,048
Assessed improvement
$681,522
Land market value
$116,048
Improvement market value
$681,522
Total market value
$797,570
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
96
Bathrooms
8
Total area
4,843 SF
Lot
1.34 ac (58,232 SF)
Zoning code
0PO2
APN
17-26-16-0040-01400-0020
UPID
US18-5276688
Jurisdiction
PASCO
Zoning & alternative use
0PO2 · New Port Richey, FL
Zoning 0PO2 · permitted uses
0PO2 · 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
$940,000
COMMERCIAL (GENERAL)
Est. value
$870,000
MEDICAL BUILDING Current
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
96
Bathrooms
8
Lot
1.34 ac
Current owner
From public records · entity-resolved
Spirit Master Funding Vi LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1200 NETWORK CTR DR, EFFINGHAM, IL 62401-4602
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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 20, 2017
—
Spirit Master Funding Vi LLC
—
Loan Modification
related
$3,246,197 · Citibank
May 16, 2014
$2,790,100
Spirit Master Funding Vi LLC
Professional Resource Dev INC
Grant Deed
related
—
May 1, 2009
$1,800,000
Owner Name Unavailable
Owner Name Unavailable
Warranty Deed
related
—
Jul 17, 2003
$297,600
Vincent J Monticciol Dds
Vincent J Monticciolo Dds
Grant Deed
related
$730,000 · Suntrust Bank NA
—
—
Vincent J Monticciolo Dds Pl
—
Deed Of Trust
related
$724,000 · Suntrust Bk/ne Ga
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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