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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Distribution centers
8822 Us Hwy 19 Port Richey, FL 34668-5242
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-6405470
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1979
Total area
5,472 SF
Lot
0.64 ac (27,702 SF)
Zoning code
00C2
APN
28-25-16-0080-00100-00A1
UPID
US18-6405470
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
$580k
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$439k
Blend (final)
Blend
$675k
Owner & transaction history
Sammik Properties LLC · 5 yrs held
Sammik Properties LLC
since 2021
Last sale
$780,000
4 recorded transactions
Zoning & alternative use
00C2 · Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$910,000
+84.7%
Office building
$610,000
+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
$665,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$890,000
6.5%
$820,000
7%
$760,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$490,000
Current use
COMMERCIAL (GENERAL)
$910,000
Change: +85% · Conversion: Difficult
OFFICE BUILDING
$610,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $780k (Jun 2 2021)
Last sale anchor
$780k
Jun 2 2021
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
$123 / 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
$4,831
Tax year 2023
Assessed value
$268,856
Assessed 2023
Previous assessed
$245,433
+9.5% YoY
Effective rate
1.80%
On assessed value
Assessed land
$83,495
Assessed improvement
$185,361
Land market value
$83,495
Improvement market value
$185,361
Total market value
$268,856
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1979
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Units
2288
Total area
5,472 SF
Lot
0.64 ac (27,702 SF)
Zoning code
00C2
APN
28-25-16-0080-00100-00A1
UPID
US18-6405470
Jurisdiction
PASCO
Zoning & alternative use
00C2 · Port Richey, FLZoning 00C2 · permitted uses
00C2 · 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
$490,000
COMMERCIAL (GENERAL)
Est. value
$910,000
OFFICE BUILDING
Est. value
$610,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1979
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
2288
Lot
0.64 ac
Current owner
From public records · entity-resolved
Sammik Properties LLC
Entity
Mailing address
10721 LAKEVIEW DR, NEW PORT RICHEY, FL 34654-3574
Ownership since
2021
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 2, 2021
$780,000
Sammik Properties LLC
L & N Investment Holdings LLC
Warranty Deed
$630,000 · L & N Investment Holdings LLC
Apr 26, 2010
$900,000
L & N Investment Holdings LLC
Desert Land LLC
Warranty Deed
$700,000 · Citizens Bank & Trust Co
Oct 18, 2005
$1,200,000
Desert Land LLC
Team Savage INC
Grant Deed
related
—
Aug 5, 2005
$1,200,000
Desert Land LLC
Team Savage INC
Warranty 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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