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Property profile & analytics
FOR SALE
Assisted living facilities
7435 Plathe Rd New Port Richey, FL 34653
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-4791602
For Sale
Contact for pricing
7435 Plathe Rd, New Port Richey, FL 34653
View Listing →
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1984
Total area
22,049 SF
Lot
2.02 ac (87,991 SF)
Zoning code
00AR
APN
10-26-16-0000-02700-0010
UPID
US18-4791602
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
-
Assisted Living of Pasco Inc Nursing Home Retirement Community
-
Caring Village of Forest Glen Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$862k
Blend (final)
Blend
$720k
Owner & transaction history
Cv Forest Glen Holding LLC · 5 yrs held
Cv Forest Glen Holding LLC
since 2021
7 recorded transactions
Zoning & alternative use
00AR · 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
by Request
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$720k
Range $648k – $792k · ±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
$33 / 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
$19,081
Tax year 2023
Assessed value
$1,050,308
Assessed 2023
Previous assessed
$930,930
+12.8% YoY
Effective rate
1.82%
On assessed value
Assessed land
$78,734
Assessed improvement
$971,574
Land market value
$78,734
Improvement market value
$971,574
Total market value
$1,050,308
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
For Sale
Year built
1984
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
108
Bathrooms
45
Total area
22,049 SF
Lot
2.02 ac (87,991 SF)
Zoning code
00AR
APN
10-26-16-0000-02700-0010
UPID
US18-4791602
Jurisdiction
PASCO
Zoning & alternative use
00AR · New Port Richey, FLZoning 00AR · permitted uses
00AR · New Port Richey, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
108
Bathrooms
45
Lot
2.02 ac
Current owner
From public records · entity-resolved
Cv Forest Glen Holding LLC
Entity
Mailing address
7200 CAMINO REAL STE #200, BOCA RATON, FL 33433-5511
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2023
—
Cv Forest Glen Holding LLC
—
Deed
related
$4,200,000 · First Citizens Bank & Trust Co
May 27, 2021
—
Cv Forest Glen Holding LLC
Margaret R Coffey
Special Warranty Deed
$2,975,000 · Epo II Sbc 2018-i LLC
Mar 19, 2009
—
Margaret R Coffey
—
Trustees Deed
related
$30,000 · Gail Giebler
Jun 26, 2006
—
Margaret R Coffey
Abdul-malek Trust
Quit Claim Deed
related
—
Jun 26, 2006
$3,150,000
Margaret R Coffey
Masco Howard L Ps Of Trust
Grant Deed
$1,575,000 · Sterling Bank
Jun 26, 2006
$504,867
Margaret R Coffey
Abdul-malek,jean M
Quit Claim Deed
related
—
Dec 29, 2004
—
Masco Jean H Trust
Abdul-malek Trust
Grant Deed
related
—
—
—
Margaret R Coffey
—
Deed Of Trust
related
$136,000 · Gail Giebler
—
—
Margaret R Schmidt
—
Deed Of Trust
related
$300,000 · Theodore Schmidt
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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