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    Remodeled Retail Plaza on US Highway Title is generated by Realmo AI

    39920-39920 Us Highway 19 N, Tarpon Springs, FL 34689

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    For Lease
    $38,448 SF/Yr $5,767,200/Mo (calc)

    Remodeled retail spaces available on high-traffic US Highway 19.

    Property size:
    1,800 SF
    Added:
    Jan 29, 2026
    Days on Market:
    117
    Last Refresh:
    May 19 at 10:41 pm

    Property Features for 39920-39920 Us Highway 19 N

    General Information

    Standard status
    Active
    Size
    1,800 SF

    We can help!

    Listing Contact
    Anthony Maccaroni
    Anthony Maccaroni

    Listing agent Anthony Maccaroni License #3304442

    Listing office VIEWPOINT REALTY INTERNATIONAL

    Listing date Jan 29, 2026

    Source Exprealty

    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

    HighLights

    • High Traffic Volume: Located on US Highway 19 with approximately 80,000 vehicles passing daily, providing exceptional visibility.
    • Newly Remodeled: Features a modern facade, newly paved parking lot, and enhanced site lighting, offering a 'new‑build' feel.
    • Below‑Market Rate: Offered at $21.36/sq. ft., inclusive of CAM charges, representing exceptional value.
    • Landlord offers TI allowances tailored to lease term and credit, aiding in space customization.
    • Three available units (5,489 sq. ft., 3,136 sq. ft., and 1,800 sq. ft.) suitable for various retail types.
    • Situated in a rapidly growing market near the Tarpon Springs Sponge Docks and major regional hospitals.

    Overview

    Located on US Highway 19 in Tarpon Springs, FL, this remodeled retail plaza offers spaces suitable for various businesses. The property benefits from high visibility with almost 80,000 daily commuters. Completed renovations include a new exterior and enhanced site lighting. The location is in a rapidly growing market, near the Tarpon Springs Sponge Docks and major regional hospitals. The available spaces include: Unit 39930 with 5,489 sq. ft., Unit 39936 with 3,136 sq. ft., and Unit 39316 with 1,800 sq. ft. These spaces are suitable for showrooms, medical offices, fitness centers, grocery stores, professional services, and boutiques. The landlord is offering Tenant Improvement allowances, tailored to lease term and credit. The property provides seamless entry and exit from US Highway 19, along with ample parking.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tarpon Springs
    County
    Pasco
    State
    Florida
    Longitude
    -82.741229
    Latitude
    28.135157

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    FAQs

    What type of property is this?
    Retail space - Remodeled retail spaces available on high-traffic US Highway 19.
    Where is this retail space located?
    The property is located at 39920-39920 Us Highway 19 N Tarpon Springs, FL.
    What is the lease rate?
    The lease rate is $38,448.
    What are key features of this property?
    This property features: High Traffic Volume: Located on US Highway 19 with approximately 80,000 vehicles passing daily, providing exceptional visibility.; Newly Remodeled: Features a modern facade, newly paved parking lot, and enhanced site lighting, offering a 'new‑build' feel.; Below‑Market Rate: Offered at $21.36/sq. ft., inclusive of CAM charges, representing exceptional value.
    (727) 641-0271
    We can help!
    Listing Contact
    Anthony Maccaroni
    Anthony Maccaroni
    Real Estate License ID: 3304442
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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