Trust Owned Property summary
AI-generated overview
The property is a 10,908-square-foot retail building situated on a 1.54-acre site. It is configured with 15-foot ceilings, a grade-level door, an inventory belt, and provides drive-through capability. Site amenities include 56 parking spaces. The building and site improvements include a roof replacement and a repaved, restriped parking lot (completed in 2025). The property is located at a lighted four-way intersection of Massachusetts Avenue and Congress Street, providing approximately 450 feet of combined frontage, and is positioned near US 19 (about 2.9 miles) and Little Road (about 2 miles). The tenant space has historically been operated under an absolute triple-net (NNN) lease structure with a prior term running through April 2028, with landlord recapture available prior to lease expiration; during the period referenced, the tenant was responsible for property taxes, insurance, common area maintenance, and roof and structure. The property is adjacent to retail and service uses including an ALDI, Dollar Tree, Dollar General, and McDonald’s.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
11,097 SF
Lot
0.98 ac (42,839 SF)
Zoning code
000C
APN
33-25-16-0110-00C00-0090
UPID
US18-1222985
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Furniture & Home Goods Home Decor Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.68M
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$665k
Owner & transaction history
since 2018
4 recorded transactions
Zoning & alternative use
000C · New Port Richey, FL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$665k
Value range
$599k – $732k
±10% around blend
Estimated value / SF
$60 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
60
$599k
blend $665k
$732k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,097 SF
Lot area
0.98 ac
Year built
1998
Stories
1
APN
33-25-16-0110-00C00-0090
Zoning
000C
Assessed value
$1,251,109
Annual tax
$30,746
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.68M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.82M
@ 6.5% CAP return
$1.68M
@ 7% CAP return
$1.56M
4
Sales comparison
Partial preview
Sales approach indication
$1.97M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.1 mi away · 12,501 SF
4.8 mi away · 9,100 SF
6.9 mi away · 8,288 SF
16.9 mi away · 10,220 SF
24.2 mi away · 10,670 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$665k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 53 sales
$282
-79%
County 209 sales
$252
-76%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $60/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.25M
Move the market yield to see immediate price impact.
Value / SF
$113
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$79k
$1.58M
$1.13M
$876k
$88k
$1.75M
$1.25M
$973k
$96k
$1.93M
$1.38M
$1.07M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$1.20M
1.0 mi · Jan 2026 · $147/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,746
Tax year 2023
Assessed value
$1,251,109
Assessed 2023
Previous assessed
$1,242,658
+0.7% YoY
Effective rate
2.46%
On assessed value
Assessed land
$146,175
Assessed improvement
$1,104,934
Land market value
$146,175
Improvement market value
$1,104,934
Total market value
$1,251,109
Applied tax rate
60.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1998
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
700
Bathrooms
2
Total area
11,097 SF
Lot
0.98 ac (42,839 SF)
Zoning code
000C
APN
33-25-16-0110-00C00-0090
UPID
US18-1222985
Jurisdiction
PASCO
Zoning & alternative use
000C · New Port Richey, FLZoning 000C · permitted uses
000C · New Port Richey, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
700
Bathrooms
2
Lot
0.98 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
000C
Jurisdiction
New Port Richey, FL
Recorded code
000C
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for 000C in New Port Richey, FL.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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