Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8641 Rdg Rd New Port Richey, FL 34654-4958
    Back to Search
    Property profile & analytics

    8641 Rdg Rd, New Port Richey, FL 34654-4958

    View on Map
    • Investment properties
    • 1,500 SF
    • 0.16 lot acres
    Off-Market
    Last Sale Sep 18, 2023
    $212,000
    Property ID
    US18-1831423
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 8641 Rdg Rd

    Year built
    1969
    Lot size
    0.16 lot acres
    Zone code
    R1MH
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    26-25-16-0020-00600-0270
    APU
    2625160020006000270

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 18, 2023 $212,000 Jonal Scott Steinmetz Dean Lewnes Warranty Deed $170k · Cadence Bank NA
    Apr 14, 2011 $54,000 Dean Lewnes Greater New Port Richey Junior Warranty Deed $20k · Greater New Port Richey Junior
    Sep 29, 2006 $1,400 Pasco County Greater New Port Richey Junior Warranty Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.6715
    Latitude
    28.2809
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,184
    $16,800
    $107,017
    $123,817
    -
    $16,800
    $107,017
    $123,817

    Comparable in this City

    • Value Estimation
      $505,000
      2,820 SF

      7126 Little Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      7126 Little Rd, New Port Richey, FL 34654-5514
      View Details
    • Value Estimation
      $520,000
      2,235 SF

      9948 Grv Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      9948 Grv Dr, New Port Richey, FL 34654-3403
      View Details
    • Value Estimation by Request
      1,440 SF

      8821 Rdg Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      8821 Rdg Rd, New Port Richey, FL 34654-4938
      View Details
    • Value Estimation by Request
      960 SF

      9644 Moon Lk Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      9644 Moon Lk Rd, New Port Richey, FL 34654-3601
      View Details
    • Value Estimation by Request
      2,504 SF

      11911 Pne Frst Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      11911 Pne Frst Dr, New Port Richey, FL 34654-1462
      View Details
    • Value Estimation by Request
      968 SF

      7305 Little Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      7305 Little Rd, New Port Richey, FL 34654-5519
      View Details

    Similar Nearby for Sale

    • $1,300,000
      6.19 Acres

      Versatile Land with Custom Home

      6.19 acres with a home, pond, and commercial zoning.
      9215 Ridge Rd, New Port Richey, FL 34654
      View Details
    • $40,000
      0.26 Acres

      Residential Land in New Port Richey

      Two lots for building a home near Tampa, shopping, and schools.
      Estelle St, New Port Richey, FL 34654
      View Details
    • $65,000
      0.35 Acres

      Residential Lot in New Port Richey

      Residential lot with well, septic, impact fee, and power.
      9607 Cardy St, New Port Richey, FL 34654
      View Details
    • $73,000
      0.20 Acres

      Residential Lot in Moon Lake

      Vacant 0.20-acre residential lot in established New Port Richey neighborhood.
      12272 Lacey Dr, New Port Richey, FL 34654
      View Details
    • Contact for pricing
      1,440 SF

      Ridge Road Auto Sales Property

      Commercial property with highway frontage, suitable for redevelopment.
      8821 Ridge Rd, New Port Richey, FL 34654
      View Details

    Similar Nearby for Lease

    • $1,875 /Mo
      1,400 SF

      Office Space Near Pasco Courthouse

      High-visibility office space with dedicated traffic light access.
      7511 Little Rd, New Port Richey, FL 34654
      View Details
    • $3,990 /Mo
      2,400 SF

      Professional Office Space For Rent

      2,400 SF office space with 11 private offices.
      7517 Little Rd, New Port Richey, FL 34654
      View Details
    • Contact for pricing

      Land with Frontage on SR 52

      Commercial land for rent with frontage on State Road 52.
      9538 State Rd 52, Hudson, FL 34654
      View Details
    • Contact for pricing
      4,250 SF

      Retail End Cap with Drive-Thru

      Retail space with drive-thru in high-traffic New Port Richey.
      8428 Little Rd, New Port Richey, FL 34654
      View Details
    • Contact for pricing

      Retail Space in New Port Richey

      19,009 SF retail space with high visibility.
      9109 Little Rd, New Port Richey, FL 34654
      View Details
    • Contact for pricing
      1,300 SF

      Retail Space in New Port Richey

      Neighborhood center with restaurant outparcel available for lease.
      9736-9910 Little Rd, New Port Richey, FL 34654
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8641 Rdg Rd
    New Port Richey, FL 34654-4958
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8641 Rdg Rd, New Port Richey, FL, 34654
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!