Entity Owned Property summary
AI-generated overview
This exceptional Class A executive office building, located at 5510 River Rd, New Port Richey, FL 34652, presents a compelling investment opportunity. The property, situated on a 0.43-acre lot in Pasco County, boasts 9,800 square feet of space, divided into 24 fully leased suites. Built in 1974 and extensively renovated in 2021, the two-story building features a new roof and AC units, along with updated flooring and fixtures throughout. The property's prime location, just off US-19, ensures high demand, as evidenced by a current waiting list for available space. Currently operating under a gross lease, the building generates a strong net operating income (NOI) of $108,967, resulting in an attractive 7.81% cap rate. The asking price is $1,395,500, translating to $142.40 per square foot. The property is zoned OFC and offers an excellent opportunity for a 1031 exchange. This turnkey investment provides immediate cash flow with the potential for future appreciation. The building's 100% occupancy rate underscores its desirability and strong tenant base. This is a rare opportunity to acquire a high-performing, well-maintained commercial property in a thriving location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1974
Total area
9,800 SF
Lot
0.43 ac (18,750 SF)
Zoning code
0OFC
APN
08-26-16-0280-00800-0010
UPID
US18-4754986
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Crisis Center Medical Clinic
-
Property Management Company
-
Hair Salon Nail Salon
-
Real Estate Agency
-
Counselor Psychologist
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
since 2022
Last sale
$975,000
6 recorded transactions
Zoning & alternative use
0OFC · New Port Richey, FL
Top alternative use upside
Commercial (general)
$1.8M
+24.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.25M
Value range
$1.12M – $1.37M
±10% around blend
Estimated value / SF
$127 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
$1.12M
blend $1.25M
$1.37M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,800 SF
Lot area
0.43 ac
Year built
1974
Stories
2
APN
08-26-16-0280-00800-0010
Zoning
0OFC
Assessed value
$961,039
Annual tax
$23,339
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.09M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.18M
@ 6.5% CAP return
$1.09M
@ 7% CAP return
$1.01M
4
Sales comparison
Partial preview
Sales approach indication
$3.07M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
15.7 mi away · 9,850 SF
20.7 mi away · 11,713 SF
20.7 mi away · 11,328 SF
23.0 mi away · 9,607 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.25M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 29 sales
$145
-12%
Submarket 42 sales
$149
-15%
County 127 sales
$148
-14%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $127/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+24%
vs current-use indication
Office Building · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
5.70%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.70%
9.0%
NOI (est.)
$68k *
Last sale · Jun 2022
$975k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.20M
Move the market yield to see immediate price impact.
Value / SF
$122
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.20%5.70%6.20%
$61k
$1.18M
$1.08M
$991k
$68k
$1.31M
$1.20M
$1.10M
$75k
$1.44M
$1.32M
$1.21M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.50M
13.7 mi · Dec 2025 · $202/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,339
Tax year 2023
Assessed value
$961,039
Assessed 2023
Previous assessed
$825,143
+16.5% YoY
Effective rate
2.43%
On assessed value
Assessed land
$56,750
Assessed improvement
$904,289
Land market value
$56,750
Improvement market value
$904,289
Total market value
$961,039
Applied tax rate
60.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1974
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Units
4900
Bathrooms
4
Total area
9,800 SF
Lot
0.43 ac (18,750 SF)
Zoning code
0OFC
APN
08-26-16-0280-00800-0010
UPID
US18-4754986
Jurisdiction
PASCO
Zoning & alternative use
0OFC · New Port Richey, FLZoning 0OFC · permitted uses
0OFC · New Port Richey, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1974
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4900
Bathrooms
4
Lot
0.43 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
0OFC
Jurisdiction
New Port Richey, FL
Recorded code
0OFC
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 0OFC in New Port Richey, FL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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