131 HIBISCUS STREET, Tarpon Springs, FL 34689
Mixed Use - TARPON SPRINGS, FL
- Added:
- Sep 2, 2025
- Days on Market:
- 283
- Last Refresh:
- Jun 11 at 8:06 pm
Property Features for 131 HIBISCUS STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Mixed Use
- Standard status
- Pending
- APN
- 12-27-15-60228-000-0120
- Size
- 3,550 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 6941.65
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1910
- Flooring type
- Concrete
- Building materials
- Brick
- Roof type
- Membrane
- Architectural style
- Other
Listing agent Nicholas Vavoulis License #3039347 (727) 234-3743
Listing office RE/MAX MARKETING SPECIALISTS 8915 Mitchell Blvd, Trinity, FL, FL (727) 853-7801
Listing date Sep 2, 2025
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 the heart of Tarpon Springs, near Sponge Docks and Spring Bayou, ensuring high visibility.
- Restored 1910 commercial space with modern upgrades including updated 3‑phase electrical service, ADA‑compliant restrooms, new AC units, and a 40‑year roof installed in 2018.
- Flexible layout suitable for retail, hospitality, dining, or professional use, with convenient parking, rear delivery access, and adaptable storage.
- Opportunity to acquire an existing turnkey brewery and sandwich shop operation already established in the community.
- Historic facade paired with a modern interior designed for contemporary business operations.
- Durable brick construction with a membrane roof.
Overview
Local Financial Insights For Retail
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 | $53.3k | $15.00 |
| − Vacancy | −$3.5k | −$0.98 |
| EGI | $49.8k | $14.03 |
| − OpEx | −$14.9k | −$4.21 |
| NOI | $34.9k | $9.82 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Flowers Tarpon Spring Florist — tarpon springs, fl 34689
Location Insight
- Map
- Local Demand
- City
- Tarpon Springs
- County
- Pasco
- State
- Florida
- Longitude
- -82.756229
- Latitude
- 28.147901
