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Property profile & analytics
OFF-MARKET
Estimated value
$1,730,000
Outlet malls
9023 Little Rd, New Port Richey, FL 34654-4221
Entity Owned
11-yr Hold
Free & Clear
Property ID
US18-9877038
Property summary
AI-generated overview
Regency Square, a vibrant shopping center in New Port Richey, Florida, presents a compelling investment opportunity. This retail property, located at 9023-9217 Little Rd, 34654, boasts a total of 121,213 square feet across multiple tenancies. Currently, there is 4,920 square feet of vacant space available, offering flexible options for prospective tenants. Individual spaces range from a minimum of 1,470 square feet to a maximum contiguous space of 3,450 square feet, catering to a variety of business needs. The property sits on a 0.4-acre lot in Pasco County, providing excellent visibility and accessibility. Its strategic location in New Port Richey ensures high foot traffic and exposure to a thriving local community. This is an exceptional chance to acquire a well-situated retail space in a desirable Florida market. The property's existing infrastructure and established presence make it an ideal choice for businesses seeking immediate occupancy and strong return on investment. The available space offers significant potential for growth and expansion within a bustling commercial environment. Contact us today to learn more about this exciting opportunity.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1985
Total area
18,560 SF
Lot
0.78 ac (33,977 SF)
Zoning code
0PUD
APN
23-25-16-0010-05200-0060
UPID
US18-9877038
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
-
Planet Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.73M
Owner & transaction history
Rs Equity Holdings LLC · 11 yrs held
Rs Equity Holdings LLC
since 2014
1 recorded transaction
Zoning & alternative use
0PUD · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.73M
Range $1.56M – $1.90M · ±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
$93 / 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
$18,645
Tax year 2023
Assessed value
$1,066,227
Assessed 2023
Previous assessed
$1,042,924
+2.2% YoY
Effective rate
1.75%
On assessed value
Assessed land
$60,021
Assessed improvement
$1,006,206
Land market value
$60,021
Improvement market value
$1,006,206
Total market value
$1,066,227
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1549
Bathrooms
2
Total area
18,560 SF
Lot
0.78 ac (33,977 SF)
Zoning code
0PUD
APN
23-25-16-0010-05200-0060
UPID
US18-9877038
Jurisdiction
PASCO
Zoning & alternative use
0PUD · New Port Richey, FL
Zoning 0PUD · permitted uses
0PUD · 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.
Building & site characteristics
From public records
Year built
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1549
Bathrooms
2
Lot
0.78 ac
Current owner
From public records · entity-resolved
Rs Equity Holdings LLC
Entity
Free & Clear · 11 yrs held
Mailing address
3611 14TH AVE STE #552, BROOKLYN, NY 11218-3750
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2014
$9,250,000
Rs Equity Holdings LLC
Regency Square Crp LLC
Special 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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