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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Distribution centers
8402 Roam Ave New Port Richey, FL 34653
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-9582511
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Total area
6,300 SF
Lot
0.79 ac (34,596 SF)
Zoning code
00LI
APN
26-25-16-0090-00000-0100
UPID
US18-9582511
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
$1.21M
CAP Approach
CAP
$945k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.22M
Owner & transaction history
Gdi Holding Company · 2 yrs held
Gdi Holding Company
since 2023
Last sale
$1.2M
1 recorded transaction
Zoning & alternative use
00LI · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+103.5%
Medical building
$1.2M
+40.2%
Commercial (general)
$1.1M
+24.2%
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
$1,250,000
ML approach
$1,210,000
CAP Approach
CAP Return
Estimation
6%
$1,025,000
6.5%
$945,000
7%
$875,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$875,000
Current use
RETAIL STORES
$1,775,000
Change: +104% · Conversion: Moderate
MEDICAL BUILDING
$1,225,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,085,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$940,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10% · vs last sale $1.20M (Sep 8 2023)
Last sale anchor
$1.20M
Sep 8 2023
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
$193 / 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
$2,069
Tax year 2023
Assessed value
$122,639
Assessed 2023
Previous assessed
$116,350
+5.4% YoY
Effective rate
1.69%
On assessed value
Assessed land
$122,639
Land market value
$122,639
Total market value
$122,639
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
6,300 SF
Lot
0.79 ac (34,596 SF)
Zoning code
00LI
APN
26-25-16-0090-00000-0100
UPID
US18-9582511
Jurisdiction
PASCO
Zoning & alternative use
00LI · New Port Richey, FL
Zoning 00LI · permitted uses
00LI · 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
$875,000
RETAIL STORES
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$940,000
WAREHOUSE, STORAGE Current
RETAIL STORES
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
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Gdi Holding Company
Entity
Free & Clear · 2 yrs held
Mailing address
4939 CROSS BARYON BLVD, NEW PORT RICHEY, FL 34652
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Sep 8, 2023
$1,200,000
Gdi Holding Company
Snk Enterprises LLC
Warranty Deed
—
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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