Historic Office Building with
New
For Sale
$349,900
110 S Levis Ave, Tarpon Springs, FL 34689
Vacant at closing, the property has private offices and supports flexible office, studio, or live-work use, subject to City standards.
Property Size1,526 SF
Price / SF$240.32
Days on Market1
Property Features for 110 S Levis Ave
General Information
Standard status
Active
Size
1,526 SF
Class
C
Property subtype
Office
Zoning
SAP / T4b
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$349,900
Property Use
Office
Amenities
private offices
welcoming porch
Building Details
Building Size
1,526 SF
Year Built
1912
Listing Agency:
Grimaldi Commercial Realty Corp.
Listed By:
Justin Worthington · License #FL #SL3603509
(727) 709-6216
Source:
Grimaldicommercialrealty
Added: Oct 30
Last Checked: Oct 30 at 3:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grimaldi Commercial Realty Corp.
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Investment Insights
Based on property information with market context.
Built in 1912, this office building offers 1,526 gross square feet, including 1,456 heated square feet. Its layout includes private offices, and a porch adds an exterior gathering area. The property will be vacant at closing.
SAP / T4b zoning is identified. Office, artist studio, and work/live uses are subject to City standards; retail, café, and restaurant uses require conditional-use approval. The property is in Flood Zone X, with flood and insurance requirements to be verified.
Downtown dining, shops, and the Pinellas Trail are nearby. Tarpon Avenue provides access to US 19.
SAP / T4b zoning is identified. Office, artist studio, and work/live uses are subject to City standards; retail, café, and restaurant uses require conditional-use approval. The property is in Flood Zone X, with flood and insurance requirements to be verified.
Downtown dining, shops, and the Pinellas Trail are nearby. Tarpon Avenue provides access to US 19.
Key Highlights
- 1,526 gross SF; 1,456 heated SF
- Built in 1912
- Private offices and a porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,606
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,120
$452.1K
Cap Rate 7%
$322,943
$322.9K
Cap Rate 9%
$251,178
$251.2K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$37.9K $26.04/SF
− Vacancy
−$7.8K −$5.34/SF
EGI
$30.1K $20.70/SF
− OpEx
−$7.5K −$5.18/SF
NOI
$22.6K $15.53/SF
Area
Pinellas County, FL
Vacancy
20.50%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,120
Cap Rate 7%
$322,943
Cap Rate 9%
$251,178
Alternative Uses
Best Use
Office B
$322.9K
$282.6K – $376.8K
NOI $22,606 @ 7.0% cap · market cap 6.46%
Second Best
Mixed Use
$258.3K
$226.1K – $301.4K
NOI $18,084 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$378.7K
$331.4K – $441.8K
NOI $26,510 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,791
Businesses Nearby
Explore this area
Business Placement
Demographics for 34689, FL
27,436
Population
14,193
Households
1.9
Avg Household Size
53
Median Age
32%
College-Educated
93%
High-School Grad
10.6 sq mi
ZIP Area
2,588
Density / Sq Mi
$66,523
Median Household Income
$45,294
Median Earnings
$1,207
Median Rent
$311,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Vacant at closing, the property has private offices and supports flexible office, studio, or live-work use, subject to City standards.
Where is this office building located?
The property is located at 110 S Levis Ave Tarpon Springs, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1,526 gross SF; 1,456 heated SF; Built in 1912; Private offices and a porch
