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Property profile & analytics
OFF-MARKET
Estimated value
$10,295,000
Warehouses
9854 Decubellis Rd New Port Richey, FL 34654-5703
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-6485255
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Total area
60,731 SF
Lot
14.67 ac (639,025 SF)
Zoning code
00C2
APN
01-26-16-0010-00000-0020
UPID
US18-6485255
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
-
Starkey Blvd Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.67M
Comparable Approach
Comparable
$12.96M
Blend (final)
Blend
$10.30M
Owner & transaction history
Mini Storage LP Starkey · 13 yrs held
Mini Storage LP Starkey
since 2013
7 recorded transactions
Zoning & alternative use
00C2 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$17.1M
+103.5%
Medical building
$11.8M
+40.2%
Commercial (general)
$10.4M
+24.2%
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%
$9,385,000
6.5%
$8,665,000
7%
$8,045,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,410,000
Current use
RETAIL STORES
$17,120,000
Change: +104% · Conversion: Moderate
MEDICAL BUILDING
$11,795,000
Change: +40% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,445,000
Change: +24% · Conversion: Difficult
OFFICE BUILDING
$9,050,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$10.30M
Range $9.27M – $11.32M · ±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
$170 / 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
$119,764
Tax year 2023
Assessed value
$8,334,076
Assessed 2023
Previous assessed
$7,260,254
+14.8% YoY
Effective rate
1.44%
On assessed value
Assessed land
$249,613
Assessed improvement
$8,084,463
Land market value
$249,613
Improvement market value
$8,084,463
Total market value
$8,334,076
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Heating
FORCED AIR
Cooling
AC.PACKAGE
Buildings
6
Stories
2
Bathrooms
2
Total area
60,731 SF
Lot
14.67 ac (639,025 SF)
Zoning code
00C2
APN
01-26-16-0010-00000-0020
UPID
US18-6485255
Jurisdiction
PASCO
Zoning & alternative use
00C2 · New Port Richey, FL
Zoning 00C2 · permitted uses
00C2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.4M
RETAIL STORES
Est. value
$17.1M
MEDICAL BUILDING
Est. value
$11.8M
COMMERCIAL (GENERAL)
Est. value
$10.4M
OFFICE BUILDING
Est. value
$9.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
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
2019
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Bathrooms
2
Lot
14.67 ac
Current owner
From public records · entity-resolved
Mini Storage LP Starkey
Entity
Mailing address
9400 RIV XING BLVD STE #102, NEW PORT RICHEY, FL 34655-6033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2017
—
Starkey Mini Storage LP
—
Deed
related
$4,800,000 · Harbor Cmnty Bk
Mar 21, 2013
$16,602,094
Mini Storage LP Starkey
Walsingham,william S & Michelle L
Warranty Deed
—
May 11, 2010
—
William S Walsingham
Rancho Delciervo Estates
Quit Claim Deed
related
—
Mar 9, 2007
—
William S Walsingham
Walsingham,william S & Michelle L
Quit Claim Deed
related
—
Oct 1, 2004
$76,500
William S Walsingham
Rancho Delciervo Estates
Warranty Deed
$76,500 · Rancho Delciervo Estates
—
—
William S Walsingham
—
Deed Of Trust
related
$232,429 · Boyce Nancy L Trust (pt)
—
—
Starkey Mini Storage LP
—
Deed Of Trust
related
$4,800,000 · Harbor Cmnty Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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