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    670 2ND STREET N Safety Harbor, FL 34695

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    For Lease
    $34 SF/Yr $9,911/Mo (calc)

    Office - SAFETY HARBOR, FL

    Type:Office
    Property size:
    3,498 SF
    Lot size:
    0.17 Acres
    Added:
    Apr 11, 2025
    Days on Market:
    390
    Last Refresh:
    May 5 at 2:06 pm

    Property Features for 670 2ND STREET N

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    GO
    Standard status
    Active
    APN
    03-29-16-96498-026-0030
    Size
    3,498 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    8592

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1998
    Building materials
    Block
    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 Apr 11, 2025

    MLS# TB8373638 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.

    Overview

    Safety Harbor Office Suites Available

    Professional office suites are available for lease at 670 2nd St N in Safety Harbor. Suite B, offering 973 square feet, and Suite D, offering 770 square feet, are currently available for immediate occupancy. Each suite features a functional office layout with private offices, a private restroom, and dedicated on-site parking. Suite B includes a reception area and three private offices. Suite D includes two private offices. The property is well-located just minutes from downtown Safety Harbor and Main Street amenities, with convenient access to McMullen Booth Road and surrounding retail and services. The location is ideal for professional office users seeking a central Pinellas County location. The property is zoned GO and has a lot size of 0.17 acres. The building has a total size of 3498 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Robert A. Evans, PhD Physician Gather Wellness - Vitalistic ... Alternative Medicine Practice Safety Harbor Wildlife ... Garden Center Best Choice Towing ... Auto Repair Shop Bill Baker Hair Hair Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Safety Harbor
    County
    Pinellas
    State
    Florida
    Longitude
    -82.693748
    Latitude
    27.991476

    Nearby Similar for Lease

    • $3,000/Mo

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      Charming Commercial Space in Safety Harbor

      Character-rich commercial space in Safety Harbor's Main Street Marketplace District.
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      Safety Harbor Professional Office Suites

      Professional office suites for lease in Safety Harbor, Florida.
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      Safety Harbor Warehouse Space Available

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      Retail Building for Lease

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    FAQs

    What type of property is this?
    Office units - Professional office suites for lease in Safety Harbor, Florida.
    Where is this office units located?
    The property is located at 670 2ND STREET N Safety Harbor, FL.
    What is the lease rate?
    The lease rate is $34 SF/Yr.
    What are key features of this property?
    This property features: Immediate occupancy available for two suites (973 SF and 770 SF).; Well‑located near downtown Safety Harbor and Main Street amenities.; Convenient access to McMullen Booth Road and surrounding retail/services.
    (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.

    More about this property
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