Two-Story Mixed-Use
New
For Sale
$925,000
312 E TARPON Avenue, Tarpon Springs, FL 34689
Commercial Sale, TARPON SPRINGS, FL
Property Size2,798 SF
Lot Size0.16 Acres
Price / SF$330.59
Days on Market2
Property Features for 312 E TARPON Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Appliances
Dishwasher, Refrigerator
Subdivision
SAFFORDS A P K
Lot features
Central Business District, Curb and Gutters, Sidewalk, Street Lights, Paved
Directions
US 19 to East Tarpon Ave. to the downtown area. Located on left.
Standard status
Active
APN
12-27-15-77778-402-0060
Size
2,798 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SAFFORD'S, A.P.K. BLK 40B, LOTS 6 AND 7
Tax Annual Amount
6083
Legal Description
SAFFORD'S, A.P.K. BLK 40B, LOTS 6 AND 7
Utilities
Cooling system
Central Air
Building Details
Year built
1912
Floors in Building
2
Flooring type
Reclaimed wood
Building materials
Stone
Roof type
Tile
Listing Agency:
AMERICAN HERITAGE REALTY, INC.
(727) 726-7272
Listed By:
Chuck Coit, Jr. · License #3259077
(727) 641-4819
Added: Aug 27
Changed: Aug 28
Last Checked: Aug 28 at 9:06PM
MLS# TB8543611
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.
Investment Insights
Based on property information with market context.
This two-story mixed-use building at 312 E Tarpon Avenue contains 2,798 square feet on a 0.16-acre site. Built in 1912, the property features stone construction, reclaimed wood flooring, central air, a tile roof, and kitchen appliances including a dishwasher and refrigerator.
The downtown Tarpon Springs setting offers parking behind the building along with additional street parking in front. The existing layout can accommodate food-and-beverage operations, professional offices, multiple tenants, vacation-rental use, bed-and-breakfast lodging, or a combination of commercial space on the lower level with office, residential, or lodging space above.
The downtown Tarpon Springs setting offers parking behind the building along with additional street parking in front. The existing layout can accommodate food-and-beverage operations, professional offices, multiple tenants, vacation-rental use, bed-and-breakfast lodging, or a combination of commercial space on the lower level with office, residential, or lodging space above.
Key Highlights
- 2,798‑square‑foot two‑story mixed‑use building
- 0.16‑acre property at 312 E Tarpon Avenue, Tarpon Springs, FL 34689
- Built in 1912 with stone construction and reclaimed wood flooring
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
$34,751
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
3.76%
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%
$695,020
$695.0K
Cap Rate 7%
$496,443
$496.4K
Cap Rate 9%
$386,122
$386.1K
Market Conditions
NOI Build-Up for 2,798 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
$60.4K $21.60/SF
− Vacancy
−$4.8K −$1.73/SF
EGI
$55.6K $19.87/SF
− OpEx
−$20.9K −$7.45/SF
NOI
$34.8K $12.42/SF
Area
Pasco County, FL
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$695,020
Cap Rate 7%
$496,443
Cap Rate 9%
$386,122
Alternative Uses
Best Use
Mixed Use
$496.4K
$434.4K – $579.2K
NOI $34,751 @ 7.0% cap · market cap 3.76%
Second Best
Specialty Retail
$444.3K
$388.8K – $518.3K
NOI $31,100 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$637.4K
$557.7K – $743.6K
NOI $44,616 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,791
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown property supports commercial, office, lodging, and residential configurations.
Where is this mixed-use property located?
The property is located at 312 E TARPON Avenue Tarpon Springs, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 2,798‑square‑foot two‑story mixed‑use building; 0.16‑acre property at 312 E Tarpon Avenue, Tarpon Springs, FL 34689; Built in 1912 with stone construction and reclaimed wood flooring
