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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Distribution centers
5540 Rowan Rd New Port Richey, FL 34653-4551
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-3177735
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2008
Total area
5,600 SF
Lot
0.86 ac (37,310 SF)
Zoning code
00C2
APN
10-26-16-0000-01800-0000
UPID
US18-3177735
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
-
Swisscosmet Corporation Cosmetic Store
-
Hollywood of the East Asphalt Solutions General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$751k
Blend (final)
Blend
$700k
Owner & transaction history
Florida Business Development Corpor · 1 yrs held
Florida Business Development Corpor
since 2025
7 recorded transactions
Zoning & alternative use
00C2 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+40.2%
Commercial (general)
$965,000
+24.2%
Office building
$835,000
+7.6%
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%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$775,000
Current use
MEDICAL BUILDING
$1,090,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$965,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$835,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$125 / 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
$7,724
Tax year 2023
Assessed value
$425,704
Assessed 2023
Previous assessed
$404,234
+5.3% YoY
Effective rate
1.81%
On assessed value
Assessed land
$79,162
Assessed improvement
$346,542
Land market value
$79,162
Improvement market value
$346,542
Total market value
$425,704
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
52
Bathrooms
3
Total area
5,600 SF
Lot
0.86 ac (37,310 SF)
Zoning code
00C2
APN
10-26-16-0000-01800-0000
UPID
US18-3177735
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$775,000
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$965,000
OFFICE BUILDING
Est. value
$835,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
52
Bathrooms
3
Lot
0.86 ac
Current owner
From public records · entity-resolved
Florida Business Development Corpor
Entity
Mailing address
5540 ROWAN RD, NEW PORT RICHEY, FL 34653-4551
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
—
Florida Business Development Corpor
5540 Rowan Rd LLC
Deed
—
Aug 5, 2019
$200,000
Swisscosmet Corp
Cellap Holdings S A
Grant Deed
—
Mar 16, 2012
$322,000
Cellap Holdings Sa
Swisscosmet Corp
Quit Claim Deed
related
—
Jan 22, 2009
—
Swiss Cosmet Corp
Pfister,roland
Quit Claim Deed
related
—
Mar 27, 2008
—
Roland Pfister
Cornerstone Hardscapes INC
Grant Deed
related
—
Dec 26, 2007
$300,000
Ronald Pfister
Cornerstone Hardscapes INC
Warranty Deed
—
Aug 31, 2006
$218,900
Cornerstone Hardscapes INC
Faulkner,john T & Barbara J
Warranty Deed
$118,817 · Interlock Investments INC
Aug 1, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Oct 27, 2004
$140,000
John T Faulkner
Interlock Investments INC
Warranty Deed
$125,000 · Interlock Investments INC
Mar 14, 2001
$75,000
Interlock Investments INC
Saunders,john W & Florence L
Grant Deed
—
Sep 8, 1999
$800
Pasco County (fl)
Saunders,john W & Florence L
Grant Deed
related
—
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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