Realmo Analytics

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Property profile

5305 Grand Blvd New Port Richey, FL 34652

FOR SALE
Medical Office Space
Property ID
US18-4632465
4,344 SF 0.74 ac lot Built 1981
Last sale Jul 2026 · $1,450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 4,324 square foot medical office building in New Port Richey, Florida, currently 100% occupied by an established eye clinic under a 15-year absolute triple-net (NNN) lease. The property, located at 5305 Grand Blvd, boasts a strong 7.25% cap rate and a substantial net operating income (NOI) of $134,044. The lease includes 2.5% annual rent increases, ensuring consistent income growth. The tenant, a well-established eye clinic with over 20…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$244k
Assessed land$85k
Assessed improvement$160k
Effective rate2.62%

Value estimate

· Oct 2026
$290k
$261k – $319k
AI approach$290k
NOI build-up
Gross scheduled income$73k
Vacancy & credit loss−$6k
Operating expenses−$27k
NOI · 2.98% cap applied$40k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$194/SF
Submarket average, outlier-cleaned · 53 recorded sales of this use type
Observed band · Q1–Q3$125 – $349
Qualifying comparables4

Cap rate analysis

How does the asset earn?
2.98%
$40k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
0PMF
JurisdictionPASCO

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply29.3
Restaurant29.2
Wholesale Shop25.0

Location

5305 Grand Blvd New Port Richey, FL 34652
County assessor Recorded deeds · 9 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5522 Gulf, New Port Richey, FL 34652-4022 $800,000 Aug 2024 4,270 SF
5321 Grand, New Port Richey, FL 34652-4014 $260,000 Jan 2021 4,674 SF
4750 Grand, New Port Richey, FL 34652 $220,000 Aug 2020 3,720 SF
5416 Us Hwy 19, New Port Richey, FL 34652 $840,000 Mar 2020 4,824 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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