Nine-Suite Retail
39918-39936 US Highway 19 N, Tarpon Springs, FL 34689
For Sale
Contact for pricing
The center combines leased retail suites with two dedicated access points along US Highway 19.
Property Size26,453 SF
Lot Size2.75 Acres
Price / SF$226.82
Days on Market8
Property Features for 39918-39936 US Highway 19 N
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Traffic Count
Highway Access
Road Access
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
Viewpoint Realty International Inc
Listed By:
Georgette Gillis · License #FL SL3105784
(727) 448-3533
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 5:16PM
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 Viewpoint Realty International Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated shopping center contains 26,453 square feet across nine suites, leased to a mix of national and local tenants. The property occupies 2.75 acres and has direct frontage on US Highway 19, with two dedicated access points.
The center is between Klosterman Road and Tarpon Avenue in Tarpon Springs. More than 59,000 vehicles travel the highway daily, according to FDOT 2024. Publix, ALDI, Walmart, Lowe's, Home Depot, Starbucks and Chick-fil-A are among the surrounding trade-area anchors. Innisbrook Golf Resort is one mile south, and approximately 140,000 residents live within a five-mile radius.
The center is between Klosterman Road and Tarpon Avenue in Tarpon Springs. More than 59,000 vehicles travel the highway daily, according to FDOT 2024. Publix, ALDI, Walmart, Lowe's, Home Depot, Starbucks and Chick-fil-A are among the surrounding trade-area anchors. Innisbrook Golf Resort is one mile south, and approximately 140,000 residents live within a five-mile radius.
Key Highlights
- 26,453‑square‑foot center with nine leased suites
- Occupies 2.75 acres with direct US Highway 19 frontage
- Two dedicated access points
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$314,976
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,299,520
$6.3M
Cap Rate 7%
$4,499,657
$4.5M
Cap Rate 9%
$3,499,733
$3.5M
Market Conditions
NOI Build-Up for 26,453 SF
Gross rent
$476.2K $18.00/SF
− Vacancy
−$26.2K −$0.99/SF
EGI
$450.0K $17.01/SF
− OpEx
−$135.0K −$5.10/SF
NOI
$315.0K $11.91/SF
Area
Pinellas County, FL
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,299,520
Cap Rate 7%
$4,499,657
Cap Rate 9%
$3,499,733
Alternative Uses
Best Use
Retail
$4.50M
$3.94M – $5.25M
NOI $314,976 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.88M
$6.02M – $8.03M
NOI $481,644 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
59,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
36k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Shops & Services 10%
Hotels & Casinos 7%
Home Improvements & Furnishings 3%
Cody's Original Roadhouse
Dining
11,835 visits/mo
0.1 miles
Dunkin' Donuts
Dining
7,461 visits/mo
0.2 miles
IHOP
Dining
6,269 visits/mo
0.4 miles
Citgo
Shops & Services
2,634 visits/mo
0.2 miles
Hampton Inn & Suites Tarpon Springs
Hotels & Casinos
2,419 visits/mo
0.4 miles
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
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Frequently Asked Questions
What type of property is this?
Shopping center - The center combines leased retail suites with two dedicated access points along US Highway 19.
Where is this shopping center located?
The property is located at 39918-39936 US Highway 19 N Tarpon Springs, FL.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 26,453‑square‑foot center with nine leased suites; Occupies 2.75 acres with direct US Highway 19 frontage; Two dedicated access points
