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Property profile & analytics
OFF-MARKET
Estimated value
$2,185,000
Office buildings
5623 Us Hwy 19, New Port Richey, FL 34652-3700
Individually Owned
Free & Clear
Property ID
US18-3370694
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1974
Total area
31,447 SF
Lot
1.21 ac (52,500 SF)
Zoning code
000C
APN
08-26-16-0010-03200-0060
UPID
US18-3370694
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.94M
Blend (final)
Blend
$2.19M
Owner & transaction history
Konstantinos Tzaras
Konstantinos Tzaras
since 2025
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
000C · 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
$2,235,000
ML approach
$2,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±10% · vs last sale $1.68M (May 12 2025)
Last sale anchor
$1.68M
May 12 2025
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
$69 / 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
$33,358
Tax year 2023
Assessed value
$1,329,599
Assessed 2023
Previous assessed
$1,429,805
-7.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$399,025
Assessed improvement
$930,574
Land market value
$399,025
Improvement market value
$930,574
Total market value
$1,329,599
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
3
Units
701
Bathrooms
2
Total area
31,447 SF
Lot
1.21 ac (52,500 SF)
Zoning code
000C
APN
08-26-16-0010-03200-0060
UPID
US18-3370694
Jurisdiction
PASCO
Zoning & alternative use
000C · New Port Richey, FL
Zoning 000C · permitted uses
000C · 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
1974
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
701
Bathrooms
2
Lot
1.21 ac
Current owner
From public records · entity-resolved
Konstantinos Tzaras
Individual
Free & Clear · 0 yrs held
Mailing address
10905 SAVONA WAY, ORLANDO, FL 32827-7272
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2025
$1,675,000
Konstantinos Tzaras
Emma I L L C
Special Warranty Deed
—
Mar 29, 2022
$1,750,000
Emma I LLC
Real Estate Holdings Group Npr LLC
Warranty Deed
$1,312,500 · Bank Of The Ozarks
Mar 29, 2018
—
Real Estate Holdings Group Npr
—
Trustees Deed
related
$3,066,000 · Republic Bk&tr/in
Oct 10, 2017
$1,425,000
Real Estate Holdings Group Npr
Jordan,nick
Warranty Deed
$1,335,000 · Christiansen Invs INC
Jan 12, 2017
—
Jordan,nick Trust
Jordan,nick
Quit Claim Deed
related
—
Aug 5, 2004
$1,975,000
Nick Jordan
Beeler,larry L & Cynthia J
Warranty Deed
$349,000 · Amsouth Bank
May 22, 1998
$523,100
Larry L Beeler
J R Enterprises Ltd
Grant Deed
—
—
—
Larry L Beeler
—
Deed Of Trust
related
$625,000 · Amsouth 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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