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Property profile & analytics
FOR LEASE
Turn key restaurants
7511 Little Rd New Port Richey, FL 34654
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-4191684
No photos on file
For Lease
$1,875/Mo
7511 Little Rd, New Port Richey, FL 34654
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1956
Total area
3,575 SF
Lot
2.12 ac (92,254 SF)
Zoning code
00C1
APN
35-25-16-0030-02800-0020
UPID
US18-4191684
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
-
Muchmore Insurance and Financial Services Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$759k
Blend (final)
Blend
$570k
Owner & transaction history
Agios Nektarios LLC · 8 yrs held
Agios Nektarios LLC
since 2017
5 recorded transactions
Zoning & alternative use
00C1 · 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
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$159 / 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
$18,041
Tax year 2023
Assessed value
$1,158,205
Assessed 2023
Previous assessed
$934,658
+23.9% YoY
Effective rate
1.56%
On assessed value
Assessed land
$652,016
Assessed improvement
$506,189
Land market value
$652,016
Improvement market value
$506,189
Total market value
$1,158,205
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1956
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
1
Units
300
Bathrooms
13
Total area
3,575 SF
Lot
2.12 ac (92,254 SF)
Zoning code
00C1
APN
35-25-16-0030-02800-0020
UPID
US18-4191684
Jurisdiction
PASCO
Zoning & alternative use
00C1 · New Port Richey, FLZoning 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
Building & site characteristics
From public records
Year built
1956
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
300
Bathrooms
13
Lot
2.12 ac
Current owner
From public records · entity-resolved
Agios Nektarios LLC
Entity
Free & Clear · 8 yrs held
Mailing address
6602 GOVERNORS DR, NEW PORT RICHEY, FL 34655-3806
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2017
—
Frederika Bikakis
—
Deed
related
$1,000,000 · Harbor Cmnty Bk
Nov 28, 2017
—
Agios Nektarios LLC
Bikakis,frederika
Warranty Deed
—
Feb 18, 2015
—
Frederika Bikakis
Hajian Tony
Quit Claim Deed
related
—
Jun 11, 2013
—
Panagioti Bikakis
Bikakis,eugenia
Quit Claim Deed
related
—
—
—
Frederika Bikakis
—
Deed Of Trust
related
$1,000,000 · Harbor Cmnty 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.
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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