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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Grocery and convenience stores
8519 Us Hwy 19 Port Richey, FL 34668-5344
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-8889782
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2013
Total area
5,616 SF
Lot
1.49 ac (64,754 SF)
Zoning code
00C3
APN
29-25-16-0110-00I00-0010
UPID
US18-8889782
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
$960k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.07M
Owner & transaction history
Lake Butler Port Richey LLC · 11 yrs held
Lake Butler Port Richey LLC
since 2014
4 recorded transactions
Zoning & alternative use
00C3 · Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+194.7%
Auto repair, garage
$920,000
+126.9%
Industrial (general)
$685,000
+68.8%
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 Port Richey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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%
$1,040,000
6.5%
$960,000
7%
$890,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,190,000
Change: +195% · Conversion: Easy
AUTO REPAIR, GARAGE
$920,000
Change: +127% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$685,000
Change: +69% · Conversion: Difficult
RESTAURANT
$670,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$645,000
Change: +59% · Conversion: Easy
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$190 / 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
$44,470
Tax year 2023
Assessed value
$2,089,785
Assessed 2023
Previous assessed
$2,084,434
+0.3% YoY
Effective rate
2.13%
On assessed value
Assessed land
$877,220
Assessed improvement
$1,212,565
Land market value
$877,220
Improvement market value
$1,212,565
Total market value
$2,089,785
Applied tax rate
60.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2013
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1120
Bathrooms
2
Total area
5,616 SF
Lot
1.49 ac (64,754 SF)
Zoning code
00C3
APN
29-25-16-0110-00I00-0010
UPID
US18-8889782
Jurisdiction
PASCO
Zoning & alternative use
00C3 · Port Richey, FL
Zoning 00C3 · permitted uses
00C3 · Port Richey, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Richey. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$920,000
INDUSTRIAL (GENERAL)
Est. value
$685,000
RESTAURANT
Est. value
$670,000
RETAIL STORES
Est. value
$645,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
2013
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1120
Bathrooms
2
Lot
1.49 ac
Current owner
From public records · entity-resolved
Lake Butler Port Richey LLC
Entity
Free & Clear · 11 yrs held
Mailing address
260 W BALTIMORE PIKE, MEDIA, PA 19063-5620
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2014
$3,554,286
Lake Butler Port Richey LLC
Bw 19 Richey LLC
Grant Deed
—
Mar 22, 2011
$1,200,000
Bw 19 Richey LLC
Lubna Real Estate INC
Warranty Deed
$1,712,000 · Usameribank
Jan 3, 2008
$794,700
Lubna Real Estate INC
Dennys Realty LLC
Grant Deed
$18,799,000 · Citicorp Leasing INC
Sep 28, 2004
—
Dennys Realty INC
—
Deed Of Trust
related
$1,400,000 · Bank Of America
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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