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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Banks
8423 Rdg Rd New Port Richey, FL 34654-4933
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-2342273
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1981
Total area
3,240 SF
Lot
1.35 ac (58,597 SF)
Zoning code
00C1
APN
26-25-16-0030-00500-0240
UPID
US18-2342273
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
-
Wells Fargo Bank Bank Loan Service
-
Wells Fargo ATM Atm
-
Wells Fargo Advisors Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$835k
Owner & transaction history
Orion Wells Npr LLC · 2 yrs held
Orion Wells Npr LLC
since 2023
Last sale
$800,000
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
Method
Estimation
Statistic approach
$835,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $800k (Oct 16 2023)
Last sale anchor
$800k
Oct 16 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
$258 / 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
$15,551
Tax year 2023
Assessed value
$981,928
Assessed 2023
Previous assessed
$719,548
+36.5% YoY
Effective rate
1.58%
On assessed value
Assessed land
$862,992
Assessed improvement
$118,936
Land market value
$862,992
Improvement market value
$118,936
Total market value
$981,928
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
968
Bathrooms
2
Total area
3,240 SF
Lot
1.35 ac (58,597 SF)
Zoning code
00C1
APN
26-25-16-0030-00500-0240
UPID
US18-2342273
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
1981
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
968
Bathrooms
2
Lot
1.35 ac
Current owner
From public records · entity-resolved
Orion Wells Npr LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4034 COLQUITT ST, HOUSTON, TX 77027-6309
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2023
$800,000
Orion Wells Npr LLC
Limestone Wells LLC
Special Warranty Deed
—
May 12, 2016
$907,700
Limestone Wells LLC
First States Investors 4000b LLC
Special Warranty Deed
—
Nov 20, 2003
—
First State Investors 4000b Ll
Newco 1 LLC
Quit Claim Deed
related
—
Nov 20, 2003
$101,200
First State Investors 4000b Ll
Carolina Relco LP
Grant Deed
related
—
Nov 20, 2003
$761,100
First State Investors 4000b Ll
Prefco Five LP
Grant 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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