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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Assisted living facilities
9270 Royal Palm Ave New Port Richey, FL 34654-5018
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-7861887
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1972
Total area
7,854 SF
Lot
3.26 ac (142,100 SF)
Zoning code
00AR
APN
25-25-16-0020-00000-0840
UPID
US18-7861887
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
-
Clean Recovery Centers Medical Clinic
-
Breil Rockefeller Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.22M
Owner & transaction history
Novus Properties Npr LLC · 9 yrs held
Novus Properties Npr LLC
since 2017
7 recorded transactions
Zoning & alternative use
00AR · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+4.4%
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
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$1,460,000
Current use
MEDICAL BUILDING
$1,525,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,350,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$1,170,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$155 / 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
$24,584
Tax year 2023
Assessed value
$1,409,247
Assessed 2023
Previous assessed
$1,448,808
-2.7% YoY
Effective rate
1.74%
On assessed value
Assessed land
$34,781
Assessed improvement
$1,374,466
Land market value
$34,781
Improvement market value
$1,374,466
Total market value
$1,409,247
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
31
Bathrooms
30
Total area
7,854 SF
Lot
3.26 ac (142,100 SF)
Zoning code
00AR
APN
25-25-16-0020-00000-0840
UPID
US18-7861887
Jurisdiction
PASCO
Zoning & alternative use
00AR · New Port Richey, FLZoning 00AR · permitted uses
00AR · New 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
MEDICAL BUILDING
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
1972
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
31
Bathrooms
30
Lot
3.26 ac
Current owner
From public records · entity-resolved
Novus Properties Npr LLC
Entity
Mailing address
1130 CLEVELAND ST STE #130, CLEARWATER, FL 33755-4861
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2021
—
Novus Properties Npr LLC
—
Deed
related
$2,500,000 · W Financial Reit Ltd
Jul 6, 2017
—
Novus Properties Npr LLC
—
Deed
related
$2,500,000 · Usameribank
Jun 20, 2017
$1,921,600
Novus Properties Npr LLC
Novus Properties LLC
Grant Deed
—
Jul 13, 2006
$410,000
Novus Properties LLC
9270 Royal Palm Land Trust
Warranty Deed
—
Jun 3, 2005
$281,600
9270 Royal Palm Land Trust
Mccarthy,rory S & Lisa N
Warranty Deed
—
Jul 6, 2004
$460,000
Rory S Mccarthy
Jer Viray INC
Grant Deed
$250,000 · Salvador Spoto
—
—
Novus Properties LLC
—
Loan Modification
related
$374,866 · Synovus Bank
—
—
Novus Properties LLC
—
Deed Of Trust
related
$450,000 · Synovus Bank
—
—
Novus Properties LLC
—
Deed Of Trust
related
$450,000 · Synovus Bank
—
—
Novus Properties Npr LLC
—
Deed Of Trust
related
$2,500,000 · Usameribank
—
—
Novus Properties Npr LLC
—
Deed Of Trust
related
$500,000 · Usameribank
—
—
Novus Properties LLC
—
Deed Of Trust
related
$250,000 · Synovus Bank Of Tampa Bay
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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