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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Office buildings
4807 Us Hwy 19, New Port Richey, FL 34652-4263
Entity Owned
7-yr Hold
Free & Clear
Property ID
US18-4294564
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Total area
17,082 SF
Lot
2.85 ac (123,998 SF)
Zoning code
00C2
APN
18-26-16-001A-00100-0010
UPID
US18-4294564
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
$1.89M
Comparable Approach
Comparable
$3.15M
Blend (final)
Blend
$2.30M
Owner & transaction history
Napas Waltx LLC · 7 yrs held
Napas Waltx LLC
since 2019
7 recorded transactions
Zoning & alternative use
00C2 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.6M
+46.3%
Medical building
$3.3M
+34.0%
Commercial (general)
$3.1M
+24.0%
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%
$2,050,000
6.5%
$1,890,000
7%
$1,755,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,475,000
Current use
RETAIL STORES
$3,620,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$3,315,000
Change: +34% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,070,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$2,365,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±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
$135 / 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
$41,060
Tax year 2023
Assessed value
$2,310,666
Assessed 2023
Previous assessed
$2,040,651
+13.2% YoY
Effective rate
1.78%
On assessed value
Assessed land
$730,741
Assessed improvement
$1,579,925
Land market value
$730,741
Improvement market value
$1,579,925
Total market value
$2,310,666
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
8601
Bathrooms
11
Total area
17,082 SF
Lot
2.85 ac (123,998 SF)
Zoning code
00C2
APN
18-26-16-001A-00100-0010
UPID
US18-4294564
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
OFFICE BUILDING Current
Est. value
$2.5M
RETAIL STORES
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.4M
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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
8601
Bathrooms
11
Lot
2.85 ac
Current owner
From public records · entity-resolved
Napas Waltx LLC
Entity
Free & Clear · 7 yrs held
Mailing address
3850 BIRD RD STE #600, MIAMI, FL 33146-1507
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2020
—
Napas Waltx LLC
—
Deed
related
$1,690,000 · Wells Fargo Bk
Apr 9, 2020
—
Napas Waltx LLC
—
Deed
related
$1,690,000 · Wells Fargo Bk
May 2, 2019
$3,250,000
Napas Waltx LLC
Castle Berne LLC
Grant Deed
—
Sep 22, 2005
$3,250,000
Castle Berne LLC
Equinox LLC
Warranty Deed
$2,337,500 · Wachovia Bank NA
Dec 13, 2004
—
Equinox LLC
—
Trustees Deed
related
$635,000 · Suntrust Bank NA
Nov 27, 2002
$1,775,000
Equinox LLC
Thirvent Financial For Luthera
Grant Deed
$1,610,000 · Suntrust Bank NA
—
—
Castle Berne LLC
—
Deed Of Trust
related
$2,440,000 · Branch Bk&tr
—
—
Napas Waltx LLC
—
Deed Of Trust
related
$1,690,000 · Wells Fargo Bk
—
—
Napas Waltx LLC
—
Loan Modification
related
$1,690,000 · Wells Fargo Bk
—
—
Castle Berne LLC
—
Deed Of Trust
related
$200,000 · Wachovia Bank NA
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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