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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Retail space
9644 Scenic Dr Port Richey, FL 34668-4653
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-2581582
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Total area
6,750 SF
Lot
0.95 ac (41,452 SF)
Zoning code
00C2
APN
21-25-16-0000-00200-0064
UPID
US18-2581582
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
-
Elevate Your Existence, LLC Physician
-
Visionworks (Bike/Boat/Book/etc) Store
-
Dr. Margaret Argiropoulos-Dhima Physician
-
Natalya Kravatz Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.02M
Comparable Approach
Comparable
$768k
Blend (final)
Blend
$900k
Owner & transaction history
Piers Prf LLC · 14 yrs held
Piers Prf LLC
since 2012
4 recorded transactions
Zoning & alternative use
00C2 · Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+4.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,105,000
6.5%
$1,020,000
7%
$945,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,395,000
Current use
MEDICAL BUILDING
$1,460,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,120,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$133 / 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
$14,286
Tax year 2023
Assessed value
$818,439
Assessed 2023
Previous assessed
$709,468
+15.4% YoY
Effective rate
1.75%
On assessed value
Assessed land
$488,135
Assessed improvement
$330,304
Land market value
$488,135
Improvement market value
$330,304
Total market value
$818,439
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
6750
Bathrooms
2
Total area
6,750 SF
Lot
0.95 ac (41,452 SF)
Zoning code
00C2
APN
21-25-16-0000-00200-0064
UPID
US18-2581582
Jurisdiction
PASCO
Zoning & alternative use
00C2 · Port Richey, FL
Zoning 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
Port Richey. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
6750
Bathrooms
2
Lot
0.95 ac
Current owner
From public records · entity-resolved
Piers Prf LLC
Entity
Free & Clear · 14 yrs held
Mailing address
60 BROAD ST STE #3503, NEW YORK, NY 10004-2353
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Mar 23, 2012
$1,250,000
Piers Prf LLC
6341 Tacoma Dr Holdings LLC
Grant Deed
—
Oct 3, 2011
$1,000,000
Vwprf LLC
6341 Tacoma Dr Holdings LLC
Grant Deed
$600,000 · Capital City Bank
Aug 18, 2010
—
6341 Tacoma Dr Holdings LLC
Kir Piers LP Coc
Trustees Deed
related
—
Dec 31, 1998
$9,950,000
Kimco Pier 716 INC
Piers Shopping Center LP
Grant Deed
related
—
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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