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Property profile & analytics
OFF-MARKET
Estimated value
$5,170,000
Retail space
7020 Massachusetts Ave New Port Richey, FL 34653-2930
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-3603218
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Total area
14,357 SF
Lot
2.12 ac (92,347 SF)
Zoning code
00C1
APN
03-26-16-0070-02000-0000
UPID
US18-3603218
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
Robert J. Montgomery, RPH Pharmacy
-
Karen J. Feldhaus, RPH Pharmacy
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.23M
Blend (final)
Blend
$5.17M
Owner & transaction history
USA Investment INC · 3 yrs held
USA Investment INC
since 2022
Last sale
$4.8M
3 recorded transactions
Zoning & alternative use
00C1 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.3M
+79.6%
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
$6,170,000
ML approach
$5,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,045,000
Current use
RESTAURANT
$7,270,000
Change: +80% · Conversion: Easy
Blend value · Realmo final
$5.17M
Range $4.65M – $5.69M · ±10% · vs last sale $4.83M (Aug 11 2022)
Last sale anchor
$4.83M
Aug 11 2022
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
$360 / 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
$40,957
Tax year 2023
Assessed value
$2,293,376
Assessed 2023
Previous assessed
$2,293,376
+0.0% YoY
Effective rate
1.79%
On assessed value
Assessed land
$1,015,185
Assessed improvement
$1,278,191
Land market value
$1,015,185
Improvement market value
$1,278,191
Total market value
$2,293,376
Applied tax rate
62.0000
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
2002
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
2
Total area
14,357 SF
Lot
2.12 ac (92,347 SF)
Zoning code
00C1
APN
03-26-16-0070-02000-0000
UPID
US18-3603218
Jurisdiction
PASCO
Zoning & alternative use
00C1 · New Port Richey, FL
Zoning 00C1 · permitted uses
00C1 · 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
RETAIL STORES Current
Est. value
$4.0M
RESTAURANT
Est. value
$7.3M
RETAIL STORES Current
RESTAURANT
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
2002
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
2.12 ac
Current owner
From public records · entity-resolved
USA Investment INC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 691598, ORLANDO, FL 32869-1598
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2022
$4,830,000
USA Investment INC
Ds New Port Richey Fl Landlord LLC
Special Warranty Deed
—
Feb 14, 2022
$4,281,000
Ds New Port Richey Fl Landlord LLC
Walgreen Co
Special Warranty Deed
—
Nov 14, 2001
$343,300
Walgreen Co
Coast Trust
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.
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