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Property profile & analytics
OFF-MARKET
Estimated value
$7,315,000
Outlet malls
7101 State Rd 54 New Port Richey, FL 34653-6104
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3139169
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1987
Total area
105,805 SF
Lot
7.51 ac (327,136 SF)
Zoning code
00C2
APN
15-26-16-0000-00100-001E
UPID
US18-3139169
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
-
Bealls Florida Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.54M
Blend (final)
Blend
$7.32M
Owner & transaction history
Newport Plaza LLC · 3 yrs held
Newport Plaza LLC
since 2023
Last sale
$7.2M
6 recorded transactions
Zoning & alternative use
00C2 · 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
$7,515,000
ML approach
$7,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.32M
Range $6.58M – $8.05M · ±10% · vs last sale $7.20M (Feb 20 2023)
Last sale anchor
$7.20M
Feb 20 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
$69 / 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
$76,341
Tax year 2023
Assessed value
$4,991,295
Assessed 2023
Previous assessed
$2,960,203
+68.6% YoY
Effective rate
1.53%
On assessed value
Assessed land
$1,700,980
Assessed improvement
$3,290,315
Land market value
$1,700,980
Improvement market value
$3,290,315
Total market value
$4,991,295
Applied tax rate
9,100.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Units
4520
Bathrooms
4
Total area
105,805 SF
Lot
7.51 ac (327,136 SF)
Zoning code
00C2
APN
15-26-16-0000-00100-001E
UPID
US18-3139169
Jurisdiction
PASCO
Zoning & alternative use
00C2 · New Port Richey, FL
Zoning 00C2 · permitted uses
00C2 · 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
1987
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4520
Bathrooms
4
Lot
7.51 ac
Current owner
From public records · entity-resolved
Newport Plaza LLC
Entity
Mailing address
1 CUMBERLAND CIR, IVYLAND, PA 18974-1238
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
Feb 20, 2023
$7,200,000
Newport Plaza LLC
New Port Richey Retail I LLC
Special Warranty Deed
$3,600,000 · Td Bank NA
Aug 2, 2017
—
New Port Richey Retail I LLC
—
Deed
related
$1,278,570 · Citizens First Bk
—
—
New Port Richey Retail I LLC
—
Deed Of Trust
related
$1,900,000 · Anderen Bank
—
—
New Port Richey Retail LLC
—
Deed Of Trust
related
$144,888 · General Electric Capital Busin
—
—
New Port Richey Retail LLC
—
Deed Of Trust
related
$144,888 · General Electric Capital Busin
—
—
New Port Richey Retail I LLC
—
Deed Of Trust
related
$1,278,570 · Citizens First Bk
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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