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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Medical Office Space
7599 Little Rd, New Port Richey, FL 34654
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-5208482
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Total area
5,986 SF
Lot
0.29 ac (12,500 SF)
Zoning code
00C1
APN
35-25-16-0030-02800-0030
UPID
US18-5208482
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
$1.17M
CAP Approach
CAP
$850k
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.11M
Owner & transaction history
7611 Investments LLC · 3 yrs held
7611 Investments LLC
since 2022
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
00C1 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+45.1%
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
$1,015,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
$920,000
6.5%
$850,000
7%
$790,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,160,000
Current use
RETAIL STORES
$1,685,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,030,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $1.10M (Sep 14 2022)
Last sale anchor
$1.10M
Sep 14 2022
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
$185 / 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
$16,701
Tax year 2023
Assessed value
$975,254
Assessed 2023
Previous assessed
$976,340
-0.1% YoY
Effective rate
1.71%
On assessed value
Assessed land
$145,500
Assessed improvement
$829,754
Land market value
$145,500
Improvement market value
$829,754
Total market value
$975,254
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1995
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
1
Stories
1
Units
480
Bathrooms
4
Total area
5,986 SF
Lot
0.29 ac (12,500 SF)
Zoning code
00C1
APN
35-25-16-0030-02800-0030
UPID
US18-5208482
Jurisdiction
PASCO
Zoning & alternative use
00C1 · New Port Richey, FL
Zoning 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
New Port Richey. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.0M
MEDICAL BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1995
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
480
Bathrooms
4
Lot
0.29 ac
Current owner
From public records · entity-resolved
7611 Investments LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2460 CORAL WAY, MIAMI, FL 33145-3453
Ownership since
2022
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
Sep 14, 2022
$1,100,000
7611 Investments LLC
Counsel Square Office Park LLC
Special Warranty Deed
—
Sep 17, 2019
$9,082,500
Counsel Square Office Park LLC
Csfb 2004-c3 Little Road LLC
Grant Deed
—
Oct 11, 2013
$100
Csfb 2004-c3 Little Road LLC
Cs Co LLC Coc
Trustees Deed
related
—
Apr 14, 2005
$750,000
Carlotti Florida Assocs LLC
Cs Co LLC
Grant Deed
—
Nov 2, 2004
$1,250,000
Rsa Investments Florida LLC
Cs Co LLC
Grant Deed
$9,474,315 · First Boston Securities Corp +
Jun 21, 2004
$12,000,000
Cs Co LLC
Counsel Square
Warranty Deed
$9,500,000 · Column Financial INC
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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