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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Medical Office Space
5522 Gulf Dr, New Port Richey, FL 34652-4022
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3576878
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Total area
4,270 SF
Lot
0.67 ac (29,400 SF)
Zoning code
0OFC
APN
08-26-16-0230-00000-0040
UPID
US18-3576878
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
-
SARAH BEE ACADEMY AND CHILD CARE CENTER Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
$605k
Comparable Approach
Comparable
$635k
Blend (final)
Blend
$800k
Owner & transaction history
Gaby Salas Business LLC · 1 yrs held
Gaby Salas Business LLC
since 2024
Last sale
$800,000
3 recorded transactions
Zoning & alternative use
0OFC · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$905,000
+9.1%
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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$605,000
7%
$565,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$830,000
Current use
RETAIL STORES
$905,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$765,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Aug 6 2024)
Last sale anchor
$800k
Aug 6 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
$187 / 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
$7,935
Tax year 2023
Assessed value
$304,413
Assessed 2023
Previous assessed
$277,161
+9.8% YoY
Effective rate
2.61%
On assessed value
Assessed land
$78,050
Assessed improvement
$226,363
Land market value
$78,050
Improvement market value
$226,363
Total market value
$304,413
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1982
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
52
Bathrooms
4
Total area
4,270 SF
Lot
0.67 ac (29,400 SF)
Zoning code
0OFC
APN
08-26-16-0230-00000-0040
UPID
US18-3576878
Jurisdiction
PASCO
Zoning & alternative use
0OFC · New Port Richey, FL
Zoning 0OFC · permitted uses
0OFC · 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
MEDICAL BUILDING Current
Est. value
$830,000
RETAIL STORES
Est. value
$905,000
COMMERCIAL (GENERAL)
Est. value
$765,000
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1982
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
52
Bathrooms
4
Lot
0.67 ac
Current owner
From public records · entity-resolved
Gaby Salas Business LLC
Entity
Mailing address
20346 CHESTNUT GRV DR, TAMPA, FL 33647-3344
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2024
$800,000
Gaby Salas Business LLC
Land & Commercial Investments LLC
Warranty Deed
$640,000 · Grow Financial FCU
Jan 6, 2022
$400,000
Land & Commercial Investments LLC
West Coast Dental Specialties
Warranty Deed
$320,000 · Capital City Bank
—
—
West Coast Dental Specialties
—
Deed Of Trust
related
$200,000 · Gulfstream Community 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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