Back to Search
Property profile & analytics
FOR SALE
Distribution centers
Grand Blvd New Port Richey, FL 34652
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-1037369
For Sale
$599,900
Grand Blvd, New Port Richey, FL 34652
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2004
Total area
10,266 SF
Lot
0.69 ac (30,000 SF)
Zoning code
00C2
APN
20-26-16-0000-02500-0021
UPID
US18-1037369
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.07M
Owner & transaction history
Mve LLC · 9 yrs held
Mve LLC
since 2017
7 recorded transactions
Zoning & alternative use
00C2 · New Port Richey, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+4.6%
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
WAREHOUSE, STORAGE
$1,420,000
Current use
OFFICE BUILDING
$1,490,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±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
$104 / 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
$8,175
Tax year 2023
Assessed value
$446,215
Assessed 2023
Previous assessed
$423,440
+5.4% YoY
Effective rate
1.83%
On assessed value
Assessed land
$75,400
Assessed improvement
$370,815
Land market value
$75,400
Improvement market value
$370,815
Total market value
$446,215
Applied tax rate
9,100.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Sale
Year built
2004
Heating
NONE
Cooling
NONE
Buildings
1
Stories
1
Units
4053
Bathrooms
2
Total area
10,266 SF
Lot
0.69 ac (30,000 SF)
Zoning code
00C2
APN
20-26-16-0000-02500-0021
UPID
US18-1037369
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
$1.4M
OFFICE BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE Current
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
2004
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Units
4053
Bathrooms
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Mve LLC
Entity
Mailing address
3544 GRAND BLVD, NEW PORT RICHEY, FL 34652-6407
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2017
$305,689
Mve LLC
Jkf Ents LLC
Warranty Deed
—
Jan 31, 2011
—
Jkf Ents LLC
Lehman Brothers Small B 2007-2
Grant Deed
related
—
Dec 14, 2010
$305,000
Jfk Ents LLC
Lehman Brothers Small B 2007-2
Grant Deed
—
Nov 3, 2009
$1,000
Lehman Brothers Small Balance
Grand Commercial Cente Coc
Trustees Deed
related
—
Jan 19, 2001
$50,000
Grand Commercial Center INC
Mountrakis,katherine
Grant Deed
—
Nov 15, 1999
$46,000
Katherine ' Mountrakis
Smith,e R
Grant Deed
$23,000 · Seller
—
—
Grand Commercial Center INC
—
Deed Of Trust
related
$600,000 · Greenpoint Mortgage Funding
—
—
Grand Commercial Center INC
—
Deed Of Trust
related
$411,000 · Interbay Funding LLC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
