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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Office buildings
5462 Grand Blvd, New Port Richey, FL 34652-4002
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-3408988
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1984
Total area
13,310 SF
Lot
0.4 ac (17,607 SF)
Zoning code
0PMF
APN
08-26-16-0240-00300-0010
UPID
US18-3408988
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
-
Consumer Credit Counseling Services Financial Advisor
-
Nucleus Diagnostic Solutions Inc. Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$870k
Owner & transaction history
Preferred Exchange LLC · 2 yrs held
Preferred Exchange LLC
since 2024
Last sale
$550,000
4 recorded transactions
Zoning & alternative use
0PMF · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$870k
Range $783k – $957k · ±10% · vs last sale $550k (Mar 21 2024)
Last sale anchor
$550k
Mar 21 2024
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
$65 / 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
$9,916
Tax year 2023
Assessed value
$371,388
Assessed 2023
Previous assessed
$357,559
+3.9% YoY
Effective rate
2.67%
On assessed value
Assessed land
$168,339
Assessed improvement
$203,049
Land market value
$168,339
Improvement market value
$203,049
Total market value
$371,388
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
3460
Bathrooms
6
Total area
13,310 SF
Lot
0.4 ac (17,607 SF)
Zoning code
0PMF
APN
08-26-16-0240-00300-0010
UPID
US18-3408988
Jurisdiction
PASCO
Zoning & alternative use
0PMF · New Port Richey, FL
Zoning 0PMF · permitted uses
0PMF · 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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
3460
Bathrooms
6
Lot
0.4 ac
Current owner
From public records · entity-resolved
Preferred Exchange LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2100 E BAY DR STE #200, LARGO, FL 33771-2343
Ownership since
2024
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
Jun 21, 2024
$550,000
Preferred Exchange LLC
Pasco Grand Corporation
Warranty Deed
—
Oct 21, 2016
—
Pasco Grand Corp
Florida Land Trust Numb 0512
Grant Deed
related
$225,000 · Biddle Pamela K Trust (pt)
Aug 8, 2013
$211,999
Florida Land Trust
Pasco Grand Corp
Warranty Deed
—
Jul 16, 1999
$350,000
Pasco Grand Corp
Equitable American Ins Co
Grant Deed
$400,000 · Mercantile Bank
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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