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Property profile & analytics
FOR LEASE
Grocery and convenience stores
6400 Massachusetts Ave, New Port Richey, FL 34653
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-1222976
For Lease
1 / 14
$6,205,000
6400 Massachusetts Ave, New Port Richey, FL 34653
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1989
Total area
45,224 SF
Lot
4.82 ac (209,959 SF)
Zoning code
000C
APN
04-26-16-0100-00000-0012
UPID
US18-1222976
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
-
Winn-Dixie Pharmacy Grocery & Convenience Store Food Market
-
Congress Crossings Shopping Center & Mall
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Sweetbay Supermarket Specialty Food Shop Supermarket
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.45M
CAP Approach
CAP
$6.83M
Comparable Approach
Comparable
$5.54M
Blend (final)
Blend
$6.21M
Owner & transaction history
Ns Retail Holdings LLC · 1 yrs held
Ns Retail Holdings LLC
since 2024
Last sale
$6.1M
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
$7,410,000
ML approach
$6,445,000
CAP Approach
CAP Return
Estimation
6%
$7,400,000
6.5%
$6,830,000
7%
$6,345,000
Blend value · Realmo final
$6.21M
Range $5.58M – $6.83M · ±10% · vs last sale $6.10M (May 1 2024)
Last sale anchor
$6.10M
May 1 2024
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
$137 / 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
$54,831
Tax year 2023
Assessed value
$2,040,553
Assessed 2023
Previous assessed
$1,893,003
+7.8% YoY
Effective rate
2.69%
On assessed value
Assessed land
$795,300
Assessed improvement
$1,245,253
Land market value
$795,300
Improvement market value
$1,245,253
Total market value
$2,040,553
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1989
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
1
Stories
2
Units
8028
Bathrooms
2
Total area
45,224 SF
Lot
4.82 ac (209,959 SF)
Zoning code
000C
APN
04-26-16-0100-00000-0012
UPID
US18-1222976
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
1989
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
8028
Bathrooms
2
Lot
4.82 ac
Current owner
From public records · entity-resolved
Ns Retail Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
15 YORK ST FL 7TH XX
Ownership since
2024
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
Aug 1, 2024
$6,100,000
Ns Retail Holdings LLC
Axia 1 New Port Richey Fl LP
Special Warranty Deed
—
Jan 10, 2022
$5,800,000
Axia 1 New Port Richey Fl LP
Tampa Wd Partners LLC
Special Warranty Deed
$6,960,000 · Key Bank NA
Mar 3, 2015
$4,550,000
Tampa Wd Partners LLC
Sweet Bay LLC
Grant Deed
$3,500,000 · Ladder Cap Fin
Oct 12, 2005
$4,500,000
Sweet Bay LLC
Knkfla LLC
Special Warranty Deed
$250,000 · Bear Stearns Commercial Mortgage In
Sep 23, 2004
$3,450,000
Knkfla LLC
Hk New Plan Exchange Prop Owne
Grant Deed
$2,500,000 · Bear Stearns Commercial Mtg
—
—
Sweet Bay LLC
—
Deed Of Trust
related
$2,300,000 · Miscellaneous Ins Co
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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