Established Commercial Kitchen
For Sale
$93,900
1484 Alt 19, Palm Harbor, FL 34683
Operating gourmet food business with cooking, refrigeration, display equipment, and catering use potential.
Property Size913 SF
Price / SF$102.85
Days on Market120
Property Features for 1484 Alt 19
General Information
Standard status
Active
Size
913 SF
Property subtype
Business Opportunity
Financials
Asking Price
$93,900
Business Included
Yes
Additional Details
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$10,769
Listing Agency:
RE/MAX REALTEC GROUP INC
(727) 403-5611
Listed By:
Mark Ganier · License #201
(727) 403-5611
Source:
Exprealty
Added: May 4
Changed: Aug 30
Last Checked: Aug 30 at 11:55PM
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 RE/MAX REALTEC GROUP INC
Investment Insights
Based on property information with market context.
This business-only offering includes an operating gourmet and fine foods concept with cooking, refrigeration, and display equipment, along with assorted wares and utensils. The business has occupied the same location for 15 years and serves an established customer base. Available operations include restaurant, bakery, fine foods-to-go, and catering applications.
On-site consumption is supported, although seating is limited following expansion of the cooking and refrigeration equipment. The business is positioned within Old Palm Harbor Village Shopping Center at the southeast corner of Alternate 19 and Columbia in downtown Palm Harbor. The premises are identified at 1484 Alt 19, Palm Harbor, Florida.
On-site consumption is supported, although seating is limited following expansion of the cooking and refrigeration equipment. The business is positioned within Old Palm Harbor Village Shopping Center at the southeast corner of Alternate 19 and Columbia in downtown Palm Harbor. The premises are identified at 1484 Alt 19, Palm Harbor, Florida.
Key Highlights
- Business‑only sale with cooking, refrigeration, display equipment, wares, and utensils included
- Same location for 15 years with an established customer base
- Restaurant, bakery, fine foods‑to‑go, and catering applications
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$6,696
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$133,920
$133.9K
Cap Rate 7%
$95,657
$95.7K
Cap Rate 9%
$74,400
$74.4K
Market Conditions
NOI Build-Up for 913 SF
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.
Gross rent
$10.1K $11.04/SF
− Vacancy
−$514 −$0.56/SF
EGI
$9.6K $10.48/SF
− OpEx
−$2.9K −$3.14/SF
NOI
$6.7K $7.33/SF
Area
Pinellas County, FL
Vacancy
5.10%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$133,920
Cap Rate 7%
$95,657
Cap Rate 9%
$74,400
Alternative Uses
Best Use
Specialty Retail
$145.0K
$126.9K – $169.1K
NOI $10,148 @ 7.0% cap · market cap 10.81%
Second Best
Industrial
$95.7K
$83.7K – $111.6K
NOI $6,696 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$237.5K
$207.8K – $277.1K
NOI $16,623 @ 7.0% cap · market cap 17.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
15,101 visits/mo
0.4 miles
Mobil
Shops & Services
6,191 visits/mo
0.2 miles
Fifth Third Bank & ATM
Shops & Services
1,981 visits/mo
0.2 miles
Demographics for 34683, FL
33,453
Population
15,686
Households
2.1
Avg Household Size
49
Median Age
43%
College-Educated
95%
High-School Grad
10.3 sq mi
ZIP Area
3,248
Density / Sq Mi
$90,037
Median Household Income
$53,330
Median Earnings
$1,655
Median Rent
$424,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Operating gourmet food business with cooking, refrigeration, display equipment, and catering use potential.
Where is this commercial kitchen located?
The property is located at 1484 Alt 19 Palm Harbor, FL.
What is the asking price?
The asking price for this property is $93,900.
What are key features of this property?
This property features: Business‑only sale with cooking, refrigeration, display equipment, wares, and utensils included; Same location for 15 years with an established customer base; Restaurant, bakery, fine foods‑to‑go, and catering applications
