Freestanding Office Building Near
1201 N PINELLAS AVENUE, Tarpon Springs, FL 34689
For Sale
$399,000
Pending
Versatile office building near downtown Tarpon Springs and Sponge Docks.
Property Size1,001 SF
Lot Size0.15 Acres
Days on Market374
Property Features for 1201 N PINELLAS AVENUE
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Corner Lot
Pool
Public Pool
Built-Up Roof
Central Air Cooling
Parking Spaces - 6 to 12
Building Details
Year Built
Listing Agency:
KELLER WILLIAMS TAMPA PROP.
(813) 264-7754
Listed By:
ALEXANDER LUCKE · License FL #3351552
(727) 410-2896
Source:
Corcoran
Added: Nov 3, 2025
Changed: Aug 8
Last Checked: Apr 24 at 8:01AM
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 KELLER WILLIAMS TAMPA PROP.
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Investment Insights
Based on property information with market context.
Located minutes from Downtown Tarpon Springs, the property at 1201 N. Pinellas Avenue is a freestanding office building suitable for an owner-user or small business. Constructed in 1961, this single-story concrete block and stucco building offers 1,001 square feet of space on a corner lot of approximately 0.15 acres. The property is positioned along Alt 19 (N. Pinellas Avenue), a commercial corridor with a traffic volume of 18,200 vehicles per day. Currently configured as a salon, the flexible layout can be adapted for professional office, studio, or boutique use. The site is zoned RO (Residential Office), which allows for a variety of business and professional uses. The property includes eight on-site parking spaces, with additional space available along the side and rear. The location provides convenient access to local amenities, shops, and restaurants. The property combines functionality, location, and visibility, situated within minutes of Tarpon Springs’ historic downtown district.
Key Highlights
- High‑visibility location on Alt 19 (N. Pinellas Avenue) with 18,200 vehicles/day (AADT).
- Versatile freestanding 1,001 SF building adaptable for office, studio, or boutique use.
- Convenient access to Downtown Tarpon Springs and the Sponge Docks.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,542
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,840
$310.8K
Cap Rate 7%
$222,029
$222.0K
Cap Rate 9%
$172,689
$172.7K
Market Conditions
NOI Build-Up for 1,001 SF
Gross rent
$26.1K $26.04/SF
− Vacancy
−$5.3K −$5.34/SF
EGI
$20.7K $20.70/SF
− OpEx
−$5.2K −$5.18/SF
NOI
$15.5K $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%
$310,840
Cap Rate 7%
$222,029
Cap Rate 9%
$172,689
Alternative Uses
Best Use
Office B
$222.0K
$194.3K – $259.0K
NOI $15,542 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$260.4K
$227.8K – $303.8K
NOI $18,226 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
566
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
$311,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Pinellas County, FL
Properties on Market for Office Units in Pinellas County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Versatile office building near downtown Tarpon Springs and Sponge Docks.
Where is this office unit located?
The property is located at 1201 N PINELLAS AVENUE Tarpon Springs, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: High‑visibility location on Alt 19 (N. Pinellas Avenue) with 18,200 vehicles/day (AADT).; Versatile freestanding 1,001 SF building adaptable for office, studio, or boutique use.; Convenient access to Downtown Tarpon Springs and the Sponge Docks.
