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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Medical Office Space
5522 Trouble Crk Rd New Port Richey, FL 34652-5171
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2874372
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Total area
8,100 SF
Lot
0.99 ac (42,961 SF)
Zoning code
00C2
APN
17-26-16-0040-03700-0032
UPID
US18-2874372
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
-
Optum Primary Care Medical Clinic
-
Dr. Bharat M. Desai, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.52M
Blend (final)
Blend
$1.20M
Owner & transaction history
5522 Trouble Creek LLC · 4 yrs held
5522 Trouble Creek LLC
since 2022
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
00C2 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+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
$1,130,000
ML approach
$1,270,000
CAP Approach
CAP Return
Estimation
6%
$1,245,000
6.5%
$1,150,000
7%
$1,065,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,575,000
Current use
RETAIL STORES
$1,715,000
Change: +9% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,455,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.23M (Feb 11 2022)
Last sale anchor
$1.23M
Feb 11 2022
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
$148 / 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
$13,231
Tax year 2023
Assessed value
$728,433
Assessed 2023
Previous assessed
$658,664
+10.6% YoY
Effective rate
1.82%
On assessed value
Assessed land
$194,104
Assessed improvement
$534,329
Land market value
$194,104
Improvement market value
$534,329
Total market value
$728,433
Applied tax rate
6,200.0000
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
1997
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
2376
Bathrooms
6
Total area
8,100 SF
Lot
0.99 ac (42,961 SF)
Zoning code
00C2
APN
17-26-16-0040-03700-0032
UPID
US18-2874372
Jurisdiction
PASCO
Zoning & alternative use
00C2 · New Port Richey, FLZoning 00C2 · permitted uses
00C2 · New Port Richey, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.6M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.5M
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2376
Bathrooms
6
Lot
0.99 ac
Current owner
From public records · entity-resolved
5522 Trouble Creek LLC
Entity
Mailing address
5327 COMMERCIAL WAY UNIT C113, SPRING HILL, FL 34606-1420
Ownership since
2022
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
Sep 19, 2022
—
5522 Trouble Creek LLC
—
Deed
related
$125,000,000 · Regions Bank
Feb 11, 2022
$1,225,000
5522 Trouble Creek LLC
Trouble Creek Medical Center INC
Special Warranty Deed
$1,960,000 · Bankflorida
—
—
Allen S Crumbley
—
Deed Of Trust
related
$247,515 · Suntrust Bank NA
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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