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Property profile & analytics
OFF-MARKET
Estimated value
$2,805,000
Assisted living facilities
7220 Baillie Dr, New Port Richey, FL 34653-4914
Entity Owned
21-yr Hold
Free & Clear
Property ID
US18-2224952
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1988
Total area
19,366 SF
Lot
3.15 ac (137,001 SF)
Zoning code
0MF1
APN
10-26-16-0030-05700-0032
UPID
US18-2224952
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
-
OakView Terrace Assisted Living and Memory Care Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.72M
Blend (final)
Blend
$2.81M
Owner & transaction history
New Port Richey Capital LLC · 21 yrs held
New Port Richey Capital LLC
since 2004
6 recorded transactions
Zoning & alternative use
0MF1 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.8M
+4.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$3,600,000
Current use
MEDICAL BUILDING
$3,760,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,330,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$2,885,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$2.81M
Range $2.52M – $3.09M · ±10%
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
$56,555
Tax year 2023
Assessed value
$3,318,706
Assessed 2023
Previous assessed
$2,902,798
+14.3% YoY
Effective rate
1.70%
On assessed value
Assessed land
$2,024,000
Assessed improvement
$1,294,706
Land market value
$2,024,000
Improvement market value
$1,294,706
Total market value
$3,318,706
Applied tax rate
6,200.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
2
Units
135
Bathrooms
48
Total area
19,366 SF
Lot
3.15 ac (137,001 SF)
Zoning code
0MF1
APN
10-26-16-0030-05700-0032
UPID
US18-2224952
Jurisdiction
PASCO
Zoning & alternative use
0MF1 · New Port Richey, FL
Zoning 0MF1 · permitted uses
0MF1 · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.9M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1988
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
3
Units
135
Bathrooms
48
Lot
3.15 ac
Current owner
From public records · entity-resolved
New Port Richey Capital LLC
Entity
Free & Clear · 21 yrs held
Mailing address
222 CENTRAL PARK AVE STE #1700, VIRGINIA BEACH, VA 23462-3035
Ownership since
2004
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
Jul 29, 2016
—
New Port Richey Capital LLC
—
Deed
related
$6,220,207 · Housing & Healthcare Fin
Jul 16, 2004
$8,259,500
New Port Richey Capital LLC
Liberty Assisted Living Ctrs
Grant Deed
related
—
Jun 3, 2002
—
Liberty Assisted Living Center
Liberty Assisted Living Center
Quit Claim Deed
related
—
—
—
New Port Richey Capital LLC
—
Deed Of Trust
related
$138,831 · Housing & Healthcare Finance
—
—
New Port Richey Capital LLC
—
Loan Modification
related
$6,220,207 · Housing & Healthcare Fin
—
—
New Port Richey Capital LLC
—
Deed Of Trust
related
$6,745,100 · Housing & Healthcare Finance
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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