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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Office buildings
8406 Massachusetts Ave, New Port Richey, FL 34653-3100
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3692388
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Year built
1980
Total area
7,000 SF
Lot
0.69 ac (30,000 SF)
Zoning code
00C2
APN
02-26-16-0010-01500-0021
UPID
US18-3692388
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
-
Heartland Title Company Title Company Escrow Service
-
Evolutions Healthcare Systems Financial Advisor Insurance Agency
-
Baycare HomeCare, New Port Ritchey Home Health Care Service
-
Capstone Insurance, LLC Insurance Agency
-
Mass Ave NPR Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.24M
Owner & transaction history
Mass Flo Investments LLC · 4 yrs held
Mass Flo Investments LLC
since 2021
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
00C2 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+89.2%
Medical building
$1.4M
+30.3%
Commercial (general)
$1.2M
+15.5%
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
$1,020,000
ML approach
$1,285,000
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,045,000
Current use
RETAIL STORES
$1,975,000
Change: +89% · Conversion: Moderate
MEDICAL BUILDING
$1,360,000
Change: +30% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,205,000
Change: +15% · Conversion: Easy
WAREHOUSE, STORAGE
$970,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±10% · vs last sale $1.62M (Jul 19 2021)
Last sale anchor
$1.62M
Jul 19 2021
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
$176 / 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
$12,396
Tax year 2023
Assessed value
$684,388
Assessed 2023
Previous assessed
$684,388
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$73,650
Assessed improvement
$610,738
Land market value
$73,650
Improvement market value
$610,738
Total market value
$684,388
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
Office buildings
Use group
PROFESSIONAL BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
1
Stories
1
Bathrooms
9
Total area
7,000 SF
Lot
0.69 ac (30,000 SF)
Zoning code
00C2
APN
02-26-16-0010-01500-0021
UPID
US18-3692388
Jurisdiction
PASCO
Zoning & alternative use
00C2 · New Port Richey, FL
Zoning 00C2 · permitted uses
00C2 · 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
OFFICE BUILDING Current
Est. value
$1.0M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$970,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1980
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
9
Lot
0.69 ac
Current owner
From public records · entity-resolved
Mass Flo Investments LLC
Entity
Mailing address
7950 NW 155TH ST STE #204, MIAMI LAKES, FL 33016-5819
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2021
$1,617,000
Mass Flo Investments LLC
Mass Ave Reep LLC
Warranty Deed
$1,077,000 · South State Bank NA
Oct 30, 2020
—
Mass Ave Reep LLC
—
Deed
related
$200,000 · Centerstate Bank NA
Jan 13, 2016
$744,000
Mass Ave Reep LLC
Massachusetts Avenue Of Pasco LLC
Warranty Deed
related
—
Nov 20, 2009
—
Massachusetts Avenue Of Pasco LLC
Levalley & Napolitano Pl
Warranty Deed
related
—
Dec 12, 2001
$910,000
Peter Napolitano
Crumbley,allen S
Grant Deed
—
Sep 12, 1997
$276,300
Allen S Crumbley
Martin,daniel N & Patricia A
Grant Deed
$560,000 · Individual
—
—
Levalley Pl
—
Deed Of Trust
related
$1,080,000 · Bay Cities Bank
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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