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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Retail space
5535 State Rd 54, New Port Richey, FL 34652-6018
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0428308
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1976
Total area
7,480 SF
Lot
0.45 ac (19,552 SF)
Zoning code
00C2
APN
17-26-16-0000-03800-0010
UPID
US18-0428308
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
-
David’s Mexican Grill Restaurant
-
la mezcla del sabor latino Restaurant Take-out & Catering
-
BetterHome2U Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$877k
Blend (final)
Blend
$710k
Owner & transaction history
Andy Ngo Enterprise LLC · 3 yrs held
Andy Ngo Enterprise LLC
since 2022
7 recorded transactions
Zoning & alternative use
00C2 · 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
$710k
Range $639k – $781k · ±10%
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
$95 / 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
$8,161
Tax year 2023
Assessed value
$452,179
Assessed 2023
Previous assessed
$474,185
-4.6% YoY
Effective rate
1.80%
On assessed value
Assessed land
$150,587
Assessed improvement
$301,592
Land market value
$150,587
Improvement market value
$301,592
Total market value
$452,179
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1976
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
4092
Bathrooms
2
Total area
7,480 SF
Lot
0.45 ac (19,552 SF)
Zoning code
00C2
APN
17-26-16-0000-03800-0010
UPID
US18-0428308
Jurisdiction
PASCO
Zoning & alternative use
00C2 · New Port Richey, FL
Zoning 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
New Port Richey. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
4092
Bathrooms
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Andy Ngo Enterprise LLC
Entity
Mailing address
8286 97TH ST, SEMINOLE, FL 33777-2740
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2022
—
Andy Ngo Enterprise LLC
Ngoc Ngo Vu
Correction Deed
related
$1,400,000 · Flagship Bank
Jan 5, 2021
—
Andy Ngo Enterprise LLC
Ngoc Ngo Vu
Quit Claim Deed
related
—
Dec 4, 2020
$640,000
Vu N Ngo
Land Trust
Warranty Deed
—
Dec 4, 2020
—
Morrison,michael L Land Trust
Mlm Realty LLC
Correction Deed
related
—
Mar 18, 2005
—
Michael L Morrison
Morrison,michael L & Debra A
Quit Claim Deed
related
—
Oct 4, 2004
$360,000
Michael L Morrison
Mlm Realty LLC
Warranty Deed
—
Mar 31, 2003
$350,000
Mlm Realty LLC
Dallaire,john Tr
Grant Deed
$350,000 · George M & Beverly R Ragsdale
—
—
Morrison,michael L & Debra A Tr
—
Deed Of Trust
related
$125,000 · Regions 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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