454 MAIN STREET Safety Harbor, FL 34695
Charming mixed-use property with retail and residential income potential.
Property Features for 454 MAIN STREET
General Information
- Standard status
- Active
- Size
- 9,605 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1918
Listing office KELLER WILLIAMS TAMPA PROP. (727) 410-2896
Listing date May 3, 2025
Source Exitrealty
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All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS TAMPA PROP.
Investment Insights
Based on property information with market context.
Key Highlights
- Prime Main Street location in a nationally recognized top small town (USA Today ranking).
- Income‑generating property currently operating as a top‑rated Airbnb Superhost with 8 turnkey apartment units.
- Versatile Main Street Marketplace (MSM) zoning allows for a wide variety of uses (retail, multi‑family, office, hospitality, entertainment).
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $207.5k | $21.60 |
| − Vacancy | −$16.6k | −$1.73 |
| EGI | $190.9k | $19.87 |
| − OpEx | −$71.6k | −$7.45 |
| NOI | $119.3k | $12.42 |