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Property profile & analytics
OFF-MARKET
Estimated value
$4,040,000
Medical Office Space
8763 Riv Xing Blvd, New Port Richey, FL 34655-1112
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4949496
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
22,216 SF
Lot
4.27 ac (186,001 SF)
Zoning code
00C2
APN
11-26-16-0010-01500-0042
UPID
US18-4949496
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
-
Brittany Morris Physician
-
MyUrgentCare Medical Clinic
-
Dr. Rami Akel Physician
-
Batista Weight Loss & Wellness Weight Loss Service
-
Geethapriya Rajasekaran Rathnakumar, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.04M
CAP Approach
CAP
$3.15M
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$4.04M
Owner & transaction history
Maybe Baby Management LLC · 1 yrs held
Maybe Baby Management LLC
since 2024
Last sale
$4.0M
5 recorded transactions
Zoning & alternative use
00C2 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.3M
+20.7%
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
$4,040,000
ML approach
$4,040,000
CAP Approach
CAP Return
Estimation
6%
$3,415,000
6.5%
$3,150,000
7%
$2,925,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,185,000
Current use
RETAIL STORES
$6,260,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$4.04M
Range $3.64M – $4.44M · ±10% · vs last sale $4.04M (Sep 23 2024)
Last sale anchor
$4.04M
Sep 23 2024
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
$182 / 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
$51,538
Tax year 2023
Assessed value
$2,959,500
Assessed 2023
Previous assessed
$2,959,500
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$933,752
Assessed improvement
$2,025,748
Land market value
$933,752
Improvement market value
$2,025,748
Total market value
$2,959,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Units
1120
Bathrooms
8
Total area
22,216 SF
Lot
4.27 ac (186,001 SF)
Zoning code
00C2
APN
11-26-16-0010-01500-0042
UPID
US18-4949496
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
MEDICAL BUILDING Current
Est. value
$5.2M
RETAIL STORES
Est. value
$6.3M
MEDICAL BUILDING Current
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1120
Bathrooms
8
Lot
4.27 ac
Current owner
From public records · entity-resolved
Maybe Baby Management LLC
Entity
Mailing address
200 W 34TH AVE #977, ANCHORAGE, AK 99503-3969
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 23, 2024
$4,040,000
Maybe Baby Management LLC
8763 River Crossing Blvd LLC
Warranty Deed
—
Nov 21, 2022
—
Mpa Real Estate Holdings LLC
—
Deed
related
$150,000,000 · Regions Bank
Oct 5, 2021
$3,663,400
8763 River Crossing Blvd LLC
Elliott Bay Healthcare Realty III L
Special Warranty Deed
—
Jun 4, 2018
$7,504,400
Elliott Bay Healthcare Realty
Fci-new Hope R/e Ventures LLC
Grant Deed
—
Jan 4, 2012
$6,339,063
Fci-new Hope R/e Ventures LLC
Aor Real Estate LLC
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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