Executive Office and Traditional
34921 US Highway 19 North Palm Harbor, FL 34684
34921 US Highway 19 North, Palm Harbor, FL, 34684
$1,800,000
For Sale
$1,800,000
Flexible office configuration includes executive office rental space and a traditional office option totaling 10,466 sq. ft.
Property Size10,466 SF
Price / SF$171.99
Days on Market1008
Property Features for 34921 US Highway 19 North
General Information
- Standard status
- Active
- Size
- 10,466 SF
- Property subtype
- OFC
Building Details
- Year Built
- 1984
Listing agency
KW Commercial
(727) 304-3566
Listed by
Jack Bataoel · License #SL3390114
(727) 304-3566
Source
Realnex
Added: Oct 20, 2023 Updated: Jul 22 at 6:28PM Checked: Jul 23 at 2:39AM
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 KW Commercial
Investment Insights
Based on property information with market context.
This commercial property offers flexible office space configured for executive office rentals and adaptable to a traditional office lease. The current executive office rental configuration provides 7,274 square feet, with the ability to expand to a combined total of 10,466 square feet for a traditional office setup.
Located at 34921 US Highway 19 North in Palm Harbor, Florida, the property is positioned for businesses seeking a straightforward office transition between executive and traditional layouts.
For prospective tenants or buyers, the key value here is the reconfigurable footprint that supports both an executive office rental arrangement and a larger traditional office lease option within the same property.
Located at 34921 US Highway 19 North in Palm Harbor, Florida, the property is positioned for businesses seeking a straightforward office transition between executive and traditional layouts.
For prospective tenants or buyers, the key value here is the reconfigurable footprint that supports both an executive office rental arrangement and a larger traditional office lease option within the same property.
Key Highlights
- Built in 1984 commercial office property in Palm Harbor, FL
- Currently configured as executive office rental with 7,274 sq. ft. of rental space
- Flexible layout option: can convert to traditional office lease totaling 10,466 sq. ft.
Local Financial Insights For Office B
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 | $272.5k | $26.04 |
| − Vacancy | −$55.9k | −$5.34 |
| EGI | $216.7k | $20.70 |
| − OpEx | −$54.2k | −$5.18 |
| NOI | $162.5k | $15.53 |
10,466 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.32M
$2.03M – $2.71M
NOI $162,499 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,560 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
One Source Insurance ...
Insurance Agency
Allstate Insurance Agent: ...
Insurance Agency
James Spicuzza | Trust ...
Financial Advisor
Baxter Title Corporation ...
Title Company
Swope Law, P.L.
Law Firm
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FAQs
What type of property is this?
Office units - Flexible office configuration includes executive office rental space and a traditional office option totaling 10,466 sq. ft.
Where is this office units located?
The property is located at 34921 US Highway 19 North Palm Harbor, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Built in 1984 commercial office property in Palm Harbor, FL; Currently configured as executive office rental with 7,274 sq. ft. of rental space; Flexible layout option: can convert to traditional office lease totaling 10,466 sq. ft.
