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    Safety Harbor Professional Office Building Title is generated by Realmo AI

    108 4TH AVENUE S, Safety Harbor, FL 34695

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    Pending
    $1,299,000

    Office - SAFETY HARBOR, FL

    Type:Office
    Property size:
    3,812 SF
    Lot size:
    0.16 Acres
    Added:
    Dec 29, 2025
    Days on Market:
    139
    Last Refresh:
    May 17 at 12:06 pm

    Property Features for 108 4TH AVENUE S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    MSM
    Standard status
    Pending
    APN
    03-29-16-33372-013-0040
    Size
    3,812 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    9202

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1957
    Building materials
    Block, Stucco
    Architectural style
    Other

    We can help!

    Listing Contact
    Alexander Lucke

    Listing agent Alexander Lucke License #3351552

    Listing office KELLER WILLIAMS TAMPA PROP. 5020 W Linebaugh Ave, Tampa, FL

    Listing date Dec 29, 2025

    MLS# TB8459294 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in downtown Safety Harbor, steps from Main Street and close to restaurants, boutiques, breweries, and waterfront parks.
    • Nationally recognized small‑town setting, ranked as a top Main Street and small town by USA Today.
    • Highly functional 3,812 SF office building suitable for owner‑user or investor.
    • Versatile layout with ten private offices, conference room, three restrooms, and kitchen, adaptable for various professional uses.
    • Excellent visibility and immediate proximity to Safety Harbor's amenities and the Third Friday Street Festival.
    • Located in Flood Zone X.

    Overview

    Located in the heart of downtown Safety Harbor, this professional office building at 108 4th Avenue South is just steps from Main Street. Constructed in 1957, the 3,812 square foot building is situated on approximately 0.16 acres in Flood Zone X. Currently configured as a medical office, the property features a front waiting area, a reception desk, ten private offices, a dedicated conference room, three restrooms, and a kitchen. The efficient layout allows for a variety of professional uses, including medical, legal, financial, counseling, or general office operations. The building has two primary entrances on the east and west sides, allowing for convenient access and potential tenant separation. The location offers visibility and proximity to Safety Harbor’s restaurants, boutiques, breweries, waterfront parks, and community amenities. The property is also near the Third Friday Street Festival. Safety Harbor has been recognized as a top Main Street in the United States and a top small town in the South. This property offers a combination of location, functionality, and community presence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Chase Real Estate, ... Real Estate Agency Jacqueline M. Linder, ... Alternative Medicine Practice The Bailey Psychology Group Physician Scott Parttridg Pineywoods ... Real Estate Agency Dr. Melissa Bailey-Arizpe Physician

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Safety Harbor
    County
    Pinellas
    State
    Florida
    Longitude
    -82.69148
    Latitude
    27.990534

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    FAQs

    What type of property is this?
    Office building - Functional office building in downtown Safety Harbor, steps from Main.
    Where is this office building located?
    The property is located at 108 4TH AVENUE S Safety Harbor, FL.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: Prime location in downtown Safety Harbor, steps from Main Street and close to restaurants, boutiques, breweries, and waterfront parks.; Nationally recognized small‑town setting, ranked as a top Main Street and small town by USA Today.; Highly functional 3,812 SF office building suitable for owner‑user or investor.
    (727) 410-2896
    We can help!
    Listing Contact
    Alexander Lucke
    Real Estate License ID: 3351552
    Learn More
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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.

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