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Property profile & analytics
FOR SALE
Office buildings
7212 Us Highway 19, New Port Richey, FL 34652
Entity Owned
1-yr Hold
Free & Clear
Property ID
US18-2079301
For Sale
1 / 10
$1,200,000
7212 Us Highway 19, New Port Richey, FL 34652
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Total area
4,950 SF
Lot
0.39 ac (17,091 SF)
Zoning code
000C
APN
32-25-16-0130-00000-0030
UPID
US18-2079301
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
$705k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$914k
Blend (final)
Blend
$720k
Owner & transaction history
Kb Corporate Holdings LLC · 1 yrs held
Kb Corporate Holdings LLC
since 2025
Last sale
$715,000
7 recorded transactions
Zoning & alternative use
000C · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+46.3%
Medical building
$960,000
+34.0%
Commercial (general)
$890,000
+24.0%
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
$745,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$715,000
Current use
RETAIL STORES
$1,050,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$960,000
Change: +34% · Conversion: Easy
COMMERCIAL (GENERAL)
$890,000
Change: +24% · Conversion: Easy
WAREHOUSE, STORAGE
$685,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $715k (Nov 3 2023)
Last sale anchor
$715k
Nov 3 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
$145 / 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
$13,952
Tax year 2023
Assessed value
$556,919
Assessed 2023
Previous assessed
$374,251
+48.8% YoY
Effective rate
2.51%
On assessed value
Assessed land
$95,861
Assessed improvement
$461,058
Land market value
$95,861
Improvement market value
$461,058
Total market value
$556,919
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1972
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
216
Bathrooms
6
Total area
4,950 SF
Lot
0.39 ac (17,091 SF)
Zoning code
000C
APN
32-25-16-0130-00000-0030
UPID
US18-2079301
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$715,000
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$960,000
COMMERCIAL (GENERAL)
Est. value
$890,000
WAREHOUSE, STORAGE
Est. value
$685,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1972
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
216
Bathrooms
6
Lot
0.39 ac
Current owner
From public records · entity-resolved
Kb Corporate Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
12340 66TH ST, LARGO, FL 33773-3436
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2025
—
Kb Corporate Holdings LLC
Kb Factory Outlet Of Pinellas LLC
Quitclaim Deed
related
—
Nov 3, 2023
$715,000
Kb Factory Outlet Of Pinellas LLC
Xuong Dao
Warranty Deed
$515,000 · Xuong Dao
May 16, 2022
$647,056
Xuong Dao
Blue Heaven Insurance Group LLC
Warranty Deed
—
Jul 27, 2020
$319,900
Blue Heaven Ins Grp LLC
Spartan Realty Group INC
Warranty Deed
—
Jun 11, 2001
$275,000
Spartan Realty Group INC
Marabh Enterprises INC
Grant Deed
$175,000 · Republic Bank
Feb 5, 1998
$235,000
Marabh Enterprises INC
Rajan,raj T & Pratiksha K
Grant Deed
—
Jul 23, 1997
$230,000
Raj T Rajan
Rent-a-space Corp
Grant Deed
$200,000 · Peoples Bank & Trust
—
—
Spartan Realty Group INC
—
Deed Of Trust
related
$358,652 · Amsouth Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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