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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Distribution centers
8538 Bench Dr Port Richey, FL 34668-5306
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-3291243
Property summary
AI-generated overview
This Port Richey, Florida industrial property at 8538 Bench Dr, 34668 offers five immediately available spaces perfect for personal storage or workshop use. Each unit measures 10' x 10', with options for larger spaces (doubles or triples) available upon request. The property is classified as Class B and zoned C1. Located conveniently between warehouse units, this site provides dual access via Old Ridge Road. Electricity is included, supplied via 110V light bulb fixtures. Leasing requires payment of first month's rent, last month's rent, and a security deposit. Note that a 5.5% sales tax is not included in the rental price. Unit sizes range from 100 square feet to 300 square feet. The property is designated as multiple tenancy and features refrigerated/cold storage capabilities, along with storage and workshop subtypes. Inquire for current availability and scheduling a viewing.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1982
Total area
10,000 SF
Lot
0.5 ac (21,750 SF)
Zoning code
00C3
APN
28-25-16-0050-00D00-0010
UPID
US18-3291243
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
-
Townsend Motorworks Car Dealership
-
Ray's Cabinet Specialties General Contractor Renovation Specialist
-
Closets Unique Custom Closets Systems General Contractor Renovation Specialist
-
Spiral Eyes, LLC Chemical Plant Industrial Park
-
Construction By Costanza Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$609k
Blend (final)
Blend
$730k
Owner & transaction history
Bench Partners LLC · 3 yrs held
Bench Partners LLC
since 2023
Last sale
$728,000
4 recorded transactions
Zoning & alternative use
00C3 · Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+24.1%
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
$740,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$900,000
Current use
OFFICE BUILDING
$1,115,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±10% · vs last sale $728k (Jun 19 2023)
Last sale anchor
$728k
Jun 19 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
$73 / 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
$5,950
Tax year 2023
Assessed value
$298,205
Assessed 2023
Previous assessed
$246,856
+20.8% YoY
Effective rate
2.00%
On assessed value
Assessed land
$98,000
Assessed improvement
$200,205
Land market value
$98,000
Improvement market value
$200,205
Total market value
$298,205
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1982
Heating
NONE
Cooling
NONE
Buildings
1
Stories
1
Bathrooms
6
Total area
10,000 SF
Lot
0.5 ac (21,750 SF)
Zoning code
00C3
APN
28-25-16-0050-00D00-0010
UPID
US18-3291243
Jurisdiction
PASCO
Zoning & alternative use
00C3 · Port Richey, FLZoning 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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$900,000
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE Current
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
1982
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
6
Lot
0.5 ac
Current owner
From public records · entity-resolved
Bench Partners LLC
Entity
Free & Clear · 3 yrs held
Mailing address
8730 GEORGIA AVE STE #500, SILVER SPRING, MD 20910-3648
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2023
$728,000
Bench Partners LLC
Bench Industrial LLC
Warranty Deed
—
Jun 11, 2019
$100
Bench Industrial LLC
Donovan Kenneth K
Grant Deed
—
Jan 18, 2005
$400,000
Kenneth K Donovan
Sears,john C & Cynthia M
Warranty Deed
—
Apr 16, 2001
$210,000
John C Sears
Emandi,varalaxmi
Grant 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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