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Property profile & analytics
OFF-MARKET
Retail space
5647 Main St New Port Richey, FL 34652-2641
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-7142748
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Total area
960 SF
Lot
0.09 ac (4,000 SF)
Zoning code
000C
APN
05-26-16-0010-00100-0110
UPID
US18-7142748
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
-
River's Edge Boutique Medicine Medical Clinic
-
Angel's Art Attic Art Studio Art Gallery
-
Amazon Hub Counter - Angel's Art Attic Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kostas Magganas · 4 yrs held
Kostas Magganas
since 2022
Last sale
$385,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,050
Tax year 2023
Assessed value
$347,995
Assessed 2023
Previous assessed
$191,393
+81.8% YoY
Effective rate
1.74%
On assessed value
Assessed land
$32,000
Assessed improvement
$315,995
Land market value
$32,000
Improvement market value
$315,995
Total market value
$347,995
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
64
Bathrooms
3
Total area
960 SF
Lot
0.09 ac (4,000 SF)
Zoning code
000C
APN
05-26-16-0010-00100-0110
UPID
US18-7142748
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
1960
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
64
Bathrooms
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Kostas Magganas
Individual
Free & Clear · 4 yrs held
Mailing address
5567 SEA FRST DRUNIT321, NEW PORT RICHEY, FL 34652-3222
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
Mar 15, 2022
—
Kostas Magganas
Kostas Magganas
Intrafamily Transfer
related
—
Dec 20, 2021
—
Kostas A Magganas
Kostas A Magganas
Intrafamily Transfer
related
—
May 7, 2012
—
Pimenidis John H & C Trust
Pimenidis,john H
Quit Claim Deed
related
—
Mar 2, 2012
—
Pimenidis John H & C Trust
Pimenidis,john H
Quit Claim Deed
related
—
Feb 24, 2006
$385,000
John H Pimenidis
Freddys Bar & Grill INC
Warranty Deed
—
Jul 17, 2001
$165,000
Freddys Bar & Grill INC
Patrick S Chittum Trustee
Grant Deed
$100,000 · Fidelity Bank Florida
—
—
Freddys Bar & Grill INC
—
Deed Of Trust
related
$220,000 · Paragon Mortgage
—
—
Freddys Bar & Grill INC
—
Deed Of Trust
related
$35,000 · Fidelity Bank Florida
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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