Two-Building Wellness Office
1888 S Pinellas Ave, Tarpon Springs, FL 34689
For Sale
Contact for pricing
Two buildings offer flexible open-plan space for fitness, spa, or office use with private entrances.
Property Size3,000 SF
Price / SF$0.02
Days on Market140
Property Features for 1888 S Pinellas Ave
General Information
Standard status
Size
Class
Property subtype
Lease Term
Building Details
Building Size
Year Built
Properties For Sale
at 1888 S Pinellas Ave Contact usBuilding #2 Top Floor
Size
700 SF
Term
Negotiable
Building #3
Size
1,500 SF
Term
Negotiable
Listing Agency:
Yellowtail Realty Advisors LLC
Listed By:
Georgia Watson · License FL BK3264151
(813) 453-6616
Source:
Yellowtailrealtyadvisors
Added: Jun 25
Changed: Oct 25
Last Checked: Nov 10 at 6:38AM
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 Yellowtail Realty Advisors LLC
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Investment Insights
Based on property information with market context.
This offering includes two separate buildings configured as top and bottom floors, providing open floor plans throughout. Each building provides 700 SF and 800 SF across the two levels, allowing space to be leased as a whole or split between floors. The layout supports flexible tenant operations, with private entrances available for access.
The property is located at 1888 S Pinellas Ave in Tarpon Springs, Florida. The seller’s structure provides multiple occupancy options, including renting one building for approximately 1,500 SF total or selecting either the top or bottom floor for a smaller footprint.
The open-plan design and wellness-oriented property type make this configuration a practical fit for fitness and spa operators, as well as professional office users who prefer an adaptable interior layout. Private entrances can also support independent use of individual suites when only one level is leased. For buyers or tenants seeking straightforward, flexible space that can be tailored to their operating needs, this two-building arrangement offers clear leasing and occupancy choices without requiring complex space conversions.
The property is located at 1888 S Pinellas Ave in Tarpon Springs, Florida. The seller’s structure provides multiple occupancy options, including renting one building for approximately 1,500 SF total or selecting either the top or bottom floor for a smaller footprint.
The open-plan design and wellness-oriented property type make this configuration a practical fit for fitness and spa operators, as well as professional office users who prefer an adaptable interior layout. Private entrances can also support independent use of individual suites when only one level is leased. For buyers or tenants seeking straightforward, flexible space that can be tailored to their operating needs, this two-building arrangement offers clear leasing and occupancy choices without requiring complex space conversions.
Key Highlights
- Two‑building leasing property built in 1985 at 1888 S Pinellas Ave, Tarpon Springs, FL 34689
- Each building is divided into top and bottom floors with two open‑plan spaces
- Building sizes: 700 SF and 800 SF per building (top and bottom floors), for 1500 SF per building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,290
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,800
$465.8K
Cap Rate 7%
$332,714
$332.7K
Cap Rate 9%
$258,778
$258.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$39.1K $26.04/SF
− Vacancy
−$8.0K −$5.34/SF
EGI
$31.1K $20.70/SF
− OpEx
−$7.8K −$5.18/SF
NOI
$23.3K $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%
$465,800
Cap Rate 7%
$332,714
Cap Rate 9%
$258,778
Alternative Uses
Best Use
Office B
$332.7K
$291.1K – $388.2K
NOI $23,290 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$390.2K
$341.4K – $455.2K
NOI $27,311 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
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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 - Two buildings offer flexible open-plan space for fitness, spa, or office use with private entrances.
Where is this office unit located?
The property is located at 1888 S Pinellas Ave Tarpon Springs, FL.
What are key features of this property?
This property features: Two‑building leasing property built in 1985 at 1888 S Pinellas Ave, Tarpon Springs, FL 34689; Each building is divided into top and bottom floors with two open‑plan spaces; Building sizes: 700 SF and 800 SF per building (top and bottom floors), for 1500 SF per building
