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Property profile & analytics
OFF-MARKET
Distribution centers
5302 Lemon St New Port Richey, FL 34652-3731
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-5462007
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1954
Total area
576 SF
Lot
0.2 ac (8,500 SF)
Zoning code
000C
APN
08-26-16-0280-00300-0050
UPID
US18-5462007
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mark E George · 1 yrs held
Mark E George
since 2025
Last sale
$150,000
3 recorded transactions
Zoning & alternative use
000C · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,288
Tax year 2023
Assessed value
$37,098
Assessed 2023
Previous assessed
$36,253
+2.3% YoY
Effective rate
3.47%
On assessed value
Assessed land
$27,625
Assessed improvement
$9,473
Land market value
$27,625
Improvement market value
$9,473
Total market value
$37,098
Applied tax rate
60.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1954
Heating
NONE
Cooling
NONE
Stories
1
Units
210
Bathrooms
1
Total area
576 SF
Lot
0.2 ac (8,500 SF)
Zoning code
000C
APN
08-26-16-0280-00300-0050
UPID
US18-5462007
Jurisdiction
PASCO
Zoning & alternative use
000C · New Port Richey, FL
Zoning 000C · permitted uses
000C · 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.
Building & site characteristics
From public records
Year built
1954
Heating
NONE
Cooling
Yes
Stories
1
Units
210
Bathrooms
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Mark E George
Individual
Mailing address
6519 REMUS DR, NEW PORT RICHEY, FL 34653-5515
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jan 24, 2025
$150,000
Mark E George
Frederick Mitchell
Warranty Deed
$109,600 · Gte FCU
Jun 13, 2019
—
Frederick Mitchell
Mitchell,zelda
Quit Claim Deed
related
—
Aug 10, 2004
$57,200
Zelda M Mitchell
Borland,donald R & Caryl M
Warranty Deed
$57,200 · Donald R & Caryl M Borland
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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