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Property profile & analytics
OFF-MARKET
Medical Office Space
7616 Massachusetts Ave New Port Richey, FL 34653-3022
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4391589
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Total area
4,800 SF
Lot
0.46 ac (20,012 SF)
Zoning code
00C1
APN
34-25-16-0010-04700-0030
UPID
US18-4391589
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
T&j Muller Real Estate LLC · 4 yrs held
T&j Muller Real Estate LLC
since 2021
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,712
Tax year 2023
Assessed value
$525,469
Assessed 2023
Previous assessed
$424,623
+23.7% YoY
Effective rate
1.66%
On assessed value
Assessed land
$54,674
Assessed improvement
$470,795
Land market value
$54,674
Improvement market value
$470,795
Total market value
$525,469
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
1984
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Units
442
Bathrooms
5
Total area
4,800 SF
Lot
0.46 ac (20,012 SF)
Zoning code
00C1
APN
34-25-16-0010-04700-0030
UPID
US18-4391589
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
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
442
Bathrooms
5
Lot
0.46 ac
Current owner
From public records · entity-resolved
T&j Muller Real Estate LLC
Entity
Mailing address
2226 TONIWOOD LN, PALM HARBOR, FL 34685-2225
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2021
—
T&j Muller Real Estate LLC
Jorg Muller
Warranty Deed
$391,000 · South State Bank
Jul 14, 2021
—
Jorg Muller
Dc Property Investments LLC
Correction Deed
related
—
Jul 1, 2021
$460,000
Jorg Muller
Dc Property Investments LLC
Warranty Deed
—
Jun 11, 2020
—
Dc Property Investments LLC
Kathleen A Gilmore
Warranty Deed
related
—
Oct 17, 2012
—
Francis L Worwa
Gilmore,kathleen A
Quit Claim Deed
related
—
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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