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Property profile & analytics
OFF-MARKET
Estimated value
$8,610,000
Warehouses
6118 Us Hwy 19 New Port Richey, FL 34652-2526
Entity Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3086694
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1991
Total area
54,600 SF
Lot
2.65 ac (115,464 SF)
Zoning code
00R2
APN
05-26-16-0030-21000-0070
UPID
US18-3086694
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
by Request
CAP Approach
CAP
$7.79M
Comparable Approach
Comparable
$10.92M
Blend (final)
Blend
$8.61M
Owner & transaction history
Mini Storage Realty LP · 28 yrs held
Mini Storage Realty LP
since 1998
2 recorded transactions
Zoning & alternative use
00R2 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$11.6M
+53.0%
Medical building
$10.6M
+40.2%
Commercial (general)
$9.8M
+29.7%
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%
$8,440,000
6.5%
$7,790,000
7%
$7,235,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,560,000
Current use
RETAIL STORES
$11,570,000
Change: +53% · Conversion: Moderate
MEDICAL BUILDING
$10,605,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,810,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$7,910,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$8.61M
Range $7.75M – $9.47M · ±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
$158 / 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
$84,545
Tax year 2023
Assessed value
$3,542,008
Assessed 2023
Previous assessed
$3,171,902
+11.7% YoY
Effective rate
2.39%
On assessed value
Assessed land
$500,457
Assessed improvement
$3,041,551
Land market value
$500,457
Improvement market value
$3,041,551
Total market value
$3,542,008
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
4
Stories
3
Units
461
Bathrooms
3
Total area
54,600 SF
Lot
2.65 ac (115,464 SF)
Zoning code
00R2
APN
05-26-16-0030-21000-0070
UPID
US18-3086694
Jurisdiction
PASCO
Zoning & alternative use
00R2 · New Port Richey, FL
Zoning 00R2 · permitted uses
00R2 · 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
$7.6M
RETAIL STORES
Est. value
$11.6M
MEDICAL BUILDING
Est. value
$10.6M
COMMERCIAL (GENERAL)
Est. value
$9.8M
OFFICE BUILDING
Est. value
$7.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
1991
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
4
Units
461
Bathrooms
3
Lot
2.65 ac
Current owner
From public records · entity-resolved
Mini Storage Realty LP
Entity
Mailing address
207 E CLARENDON AVE, PHOENIX, AZ 85012-2072
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2005
—
Pm Preferred Properties
—
Deed Of Trust
related
$144,734,899 · Gmac Commercial Mortgage Bank
Feb 10, 1998
$801,600
Mini Storage Realty LP
Florida Gl Corporation
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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