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

    New Port Richey, FL 34652

    • Specialty properties
    • 1,664 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    $1,260,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3351107
    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

    • Specialty properties

    Property Details for New Port

    Year built
    1981
    Lot size
    0.30 lot acres
    Property size
    1,664 SF
    Zone code
    0RMH
    Property type
    Specialty properties
    APN
    18-26-16-0140-00000-00R0
    APU
    18261601400000000R0

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Richey
    County
    Pasco
    State
    Florida
    Longitude
    -82.7408
    Latitude
    28.2222
    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
    $200
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,280,000
      3,004 SF

      3931 Lighthouse Way

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,004 SF
      3931 Lighthouse Way, New Port Richey, FL 34652-6818
      View Details
    • Value Estimation
      $1,880,000
      2,480 SF

      4750 Azalea Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,480 SF
      4750 Azalea Dr, New Port Richey, FL 34652-5005
      View Details
    • Value Estimation by Request
      297 SF

      4912 New England Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 297 SF
      4912 New England Blvd, New Port Richey, FL 34652-4514
      View Details
    • Value Estimation
      $950,000
      1,250 SF

      New Port

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,250 SF
      New Port, Richey, FL 34652
      View Details
    • Value Estimation
      $2,760,000
      3,641 SF

      4939 Floramar Ter

      PROFESSIONAL CLUBS/ASSOCIATIONS • 3,641 SF
      4939 Floramar Ter, New Port Richey, FL 34652-3355
      View Details
    • Value Estimation
      $925,000
      17,919 SF

      5249 Allamanda Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 17,919 SF
      5249 Allamanda Dr, New Port Richey, FL 34652
      View Details

    Similar Nearby for Sale

    • $2,700,000
      3,258 SF

      Retail Property on Highway 19

      Retail space with long-term tenant and high traffic location.
      4300 Us Highway 19, New Port Richey, FL 34652
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    • $715,000
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      New Port Richey Commercial Building

      Two-story, 4,368 SF building on US 19.
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    • $1,581,000
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      Highway 54 Commercial Land

      Prime 3.1-acre commercial lot in Elfers, FL
      0 Hwy 54 & Sawyer Ln, New Port Richey, FL 34652
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    • $750,000
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      US-19 Commercial Land, New Port Richey

      1.06-Acre Highway Commercial Lot
      7038 Us Highway 19, New Port Richey, FL 34652
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    • $299,000

      Land Parcels Near US 19

      Multiple land parcels available for residential, office, or public use.
      5625 High St, New Port Richey, FL 34652
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    • $1,337,158
      4,324 SF

      New Port Richey Medical Office

      Long-term leased medical office in New Port Richey, Florida.
      5305 Grand Blvd, New Port Richey, FL 34652
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    Similar Nearby for Lease

    • $20 SF/Yr
      272,695 SF

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    • $8 SF/Yr
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      Office Space with Highway Frontage

      Office space for rent with US Highway 19 frontage.
      4604 Professional Loop, New Port Richey, FL 34652
      View Details
    • $14 SF/Yr
      1,033 SF

      New Port Richey Office Space

      Office space for lease in high-traffic New Port Richey location.
      5340 Gulf Dr, New Port Richey, FL 34652
      View Details
    • $36,408

      Retail Space Near Publix

      Retail space with storefront, back area, and private bathroom.
      5118 Us Highway 19, New Port Richey, FL 34652
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    • $15 SF/Yr
      5,800 SF

      Frontier Plaza - Downtown New Port Richey

      Office Properties & Spaces • 5,800 SF
      6508 Us Highway 19, New Port Richey, FL 34652
      View Details
    • $2,400 /Mo
      1,398 SF

      Downtown New Port Richey Office

      Office space for lease in downtown New Port Richey.
      5845 Main St, New Port Richey, FL 34652
      View Details
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    New Port
    Richey, FL 34652
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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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