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Property profile & analytics
OFF-MARKET
Estimated value
$2,840,000
Banks
6128 Us Hwy 19, New Port Richey, FL 34652-2526
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-1776805
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1963
Total area
21,172 SF
Lot
2.18 ac (94,912 SF)
Zoning code
000C
APN
05-26-16-0030-21000-0050
UPID
US18-1776805
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
$2.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.87M
Blend (final)
Blend
$2.84M
Owner & transaction history
City Of New Port Richey Cmnty Redev · 3 yrs held
City Of New Port Richey Cmnty Redev
since 2023
Last sale
$2.8M
6 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
$2,920,000
ML approach
$2,840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.84M
Range $2.56M – $3.12M · ±10% · vs last sale $2.80M (Jan 9 2023)
Last sale anchor
$2.80M
Jan 9 2023
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
$134 / 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
$21,792
Tax year 2023
Assessed value
$941,342
Assessed 2023
Previous assessed
$747,619
+25.9% YoY
Effective rate
2.31%
On assessed value
Assessed land
$596,548
Assessed improvement
$344,794
Land market value
$596,548
Improvement market value
$344,794
Total market value
$941,342
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1963
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
2584
Bathrooms
6
Total area
21,172 SF
Lot
2.18 ac (94,912 SF)
Zoning code
000C
APN
05-26-16-0030-21000-0050
UPID
US18-1776805
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
1963
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
2584
Bathrooms
6
Lot
2.18 ac
Current owner
From public records · entity-resolved
City Of New Port Richey Cmnty Redev
Entity
Free & Clear · 3 yrs held
Mailing address
5919 MAIN ST, NEW PORT RICHEY, FL 34652-2715
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2023
$2,800,000
City Of New Port Richey Cmnty Redev
Lemonade Mm New Port Richey LLC
Special Warranty Deed
—
Aug 8, 2022
$1,900,000
Lemonade Mm New Port Richey LLC
Truist Bank
Special Warranty Deed
—
Dec 17, 2020
—
Prometheus Port Richey Lllp
—
Deed
related
$8,820,000 · Centerstate Bk NA
Feb 19, 2002
$1,100,000
Suntrust Bank NA
Huntington National Bank
Grant Deed
related
—
Jun 29, 1998
$999,900
Huntington National Bank
Barnett Bank
Grant Deed
related
—
—
—
Prometheus Port Richey Lllp
—
Deed Of Trust
related
$8,820,000 · Centerstate Bk NA
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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