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Property profile & analytics
OFF-MARKET
Estimated value
$3,930,000
Distribution centers
8351 State Rd 54 New Port Richey, FL 34655-3005
Entity Owned
18-yr Hold
Free & Clear
Property ID
US18-3487724
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2006
Total area
27,600 SF
Lot
3.82 ac (166,609 SF)
Zoning code
0PUD
APN
23-26-16-0000-01000-0036
UPID
US18-3487724
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
-
Welch Jennifer Insurance Agency
-
Utopia Home Care, Inc. Employment Agency
-
Broedell Plumbing Supply Inc Plumbing Service Building Supply
-
Color Me Mine (Bike/Boat/Book/etc) Store
-
Cosmos Smoke Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.14M
Comparable Approach
Comparable
$4.38M
Blend (final)
Blend
$3.93M
Owner & transaction history
Broedell Properties II LLC · 18 yrs held
Broedell Properties II LLC
since 2008
1 recorded transaction
Zoning & alternative use
0PUD · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.4M
+68.6%
Commercial (general)
$4.7M
+24.2%
Office building
$4.1M
+7.6%
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%
$4,480,000
6.5%
$4,135,000
7%
$3,840,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,825,000
Current use
MEDICAL BUILDING
$6,445,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,745,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$4,110,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$3.93M
Range $3.54M – $4.32M · ±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
$142 / 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
$77,633
Tax year 2023
Assessed value
$4,398,581
Assessed 2023
Previous assessed
$4,147,039
+6.1% YoY
Effective rate
1.76%
On assessed value
Assessed land
$472,914
Assessed improvement
$3,925,667
Land market value
$472,914
Improvement market value
$3,925,667
Total market value
$4,398,581
Applied tax rate
9,100.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2006
Heating
NONE
Cooling
NONE
Buildings
10
Stories
1
Units
341
Bathrooms
17
Total area
27,600 SF
Lot
3.82 ac (166,609 SF)
Zoning code
0PUD
APN
23-26-16-0000-01000-0036
UPID
US18-3487724
Jurisdiction
PASCO
Zoning & alternative use
0PUD · New Port Richey, FL
Zoning 0PUD · permitted uses
0PUD · 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
WAREHOUSE, STORAGE Current
Est. value
$3.8M
MEDICAL BUILDING
Est. value
$6.4M
COMMERCIAL (GENERAL)
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.1M
WAREHOUSE, STORAGE 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
2006
Heating
NONE
Cooling
Yes
Stories
1
Buildings
10
Units
341
Bathrooms
17
Lot
3.82 ac
Current owner
From public records · entity-resolved
Broedell Properties II LLC
Entity
Free & Clear · 18 yrs held
Mailing address
1601 COMMERCE LN STE #100, JUPITER, FL 33458-8818
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2008
—
Broedell Properties II LLC
Broedell,john
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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