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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9220 Little Rd New Port Richey, FL 34654-4222

    • Retail space
    • 15,739 SF
    • 2.47 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2022
    $6,462,500
    Value Estimations
    $6,965,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1250566
    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.

    Current Use by Public Records

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Walgreens / Cosmetic Store
    • Walgreens Pharmacy / Pharmacy
    • Coinhub Bitcoin ATM Teller / Atm
    • Bitcoin Depot | BDCheckout / Atm

    Property Details for 9220 Little Rd

    Year built
    1999
    Lot size
    2.47 lot acres
    Property size
    15,739 SF
    Zone code
    00C2
    Property type
    Retail space
    APN
    23-25-16-0010-05700-0020
    APU
    2325160010057000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,255,000
      ML approach
      $8,425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,224,000
      Market price range: $1.81M - $7.83M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,435,000
      Current use
      RESTAURANT
      $7,970,000
      Change: +80% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    New Port Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.6749
    Latitude
    28.2912
    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
    $40,568
    $1,090,780
    $1,172,351
    $2,263,131
    -
    $1,090,780
    $1,172,351
    $2,263,131

    Comparable in this City

    • Value Estimation
      $1,160,000
      6,840 SF

      8417 Adonis Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,840 SF
      8417 Adonis Rd, New Port Richey, FL 34654-4910
      View Details
    • Value Estimation
      $2,690,000
      1,610 SF

      8528 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,610 SF
      8528 Rdg Rd, New Port Richey, FL 34654-4934
      View Details
    • Value Estimation
      $995,000
      11,520 SF

      9105 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,520 SF
      9105 Rdg Rd, New Port Richey, FL 34654-5059
      View Details
    • Value Estimation
      $4,875,000
      3,339 SF

      8225 Little Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,339 SF
      8225 Little Rd, New Port Richey, FL 34654
      View Details
    • Value Estimation by Request
      540 SF

      8510 Cameo Dr

      RETAIL STORES (PERSONAL SERVICES) • 540 SF
      8510 Cameo Dr, New Port Richey, FL 34654-4917
      View Details
    • Value Estimation by Request
      2,400 SF

      11441 Osceola Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      11441 Osceola Dr, New Port Richey, FL 34654-1332
      View Details

    Similar Nearby for Sale

    • New
      $589,988
      2,337 SF

      Adaptable Commercial Property on Little Road

      Highly visible and accessible commercial property with multiple potential uses.
      10129 Little Rd, New Port Richey, FL 34654
      View Details
    • $599,988

      Versatile Commercial Property on Little Road

      Adaptable commercial property with high visibility and multiple potential uses.
      10129 Little Rd, New Port Richey, FL 34654
      View Details
    • $30,500
      0.29 Acres

      Residential Land in Citrus Springs

      Level lot in quiet neighborhood, build your dream home.
      2690 W April Ln, Citrus Springs, FL 34654
      View Details
    • $30,000
      0.27 Acres

      Vacant Land in New Port Richey

      Vacant land ready for development in New Port Richey, Florida.
      Pana St, New Port Richey, FL 34654
      View Details
    • Contact for pricing
      0.18 Acres

      Land in Moon Lake Estates

      AR-zoned lots near parks, beaches, and city amenities.
      Shalimar St, New Port Richey, FL 34654
      View Details
    • $196,000

      Income Property in Moon Lake

      Income-producing property with two homes and apartment in New Port Richey.
      12305 Moon Lake Cir, New Port Richey, FL 34654
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space on Little Road

      Retail space available in high-traffic New Port Richey shopping center.
      9023-9217 Little Rd, New Port Richey, FL 34654
      View Details
    • $31,350

      Retail Space Available For Rent

      Retail space available for lease.
      9326 Little Rd, New Port Richey, 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
    • $28 SF/Yr
      15,000 SF

      Prime Retail Space, New Port Richey

      Multiple suites available, high visibility location.
      7682 Little Rd, New Port Richey, FL 34654
      View Details
    • Contact for pricing
      1,397 SF

      Retail Space with Drive-Thru

      Retail space available for lease with drive-thru.
      8528-8536 Ridge Rd, New Port Richey, FL 34654
      View Details
    • $24 SF/Yr
      130,937 SF

      Shoppes at Golden Acres Retail Space

      Prime New Port Richey retail/office suites.
      9736 Little Rd, New Port Richey, FL 34654
      View Details

    Property Visit Statistics

    • Visits by month
      12.0k
    • Visitors by month
      7.4k
    • Avg Time on site
      10 min
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    9220 Little Rd
    New Port Richey, FL 34654-4222
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    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
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