Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    800 Chesapeake Dr, Unit 12 Tarpon Springs, FL 34689

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $80,000

    Vacant waterfront lot in a 55+ Tarpon Springs community.

    Lot size:
    7.24 Acres

    Property Features for 800 Chesapeake Dr

    General Information

    Standard status
    Active
    Lot size
    7.24 Acres

    We can help!

    Listing Contact
    Amanda Dyer
    Source: Corcoran

    Listing Agency: SELECT PROPERTIES INC Listing Agent: Amanda Dyer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Waterfront Lot in 55+ Community

    Located within the gated 55+ cooperative community of Chesapeake Pointe in Tarpon Springs, Florida, this vacant waterfront lot presents a rare opportunity to create a custom waterfront home. Ownership includes a share in Chesapeake Pointe Co-Op, Inc. Residents enjoy well-kept grounds, a community dock, and social amenities like shuffleboard courts. Boat slips are currently available, with opportunities to purchase a 30-foot slip. The community dock provides direct access to Tarpon Bayou, with calm waters leading toward the Sponge Docks. The property is suited for active adults, boat lovers, snowbirds, downsizers, and custom-manufactured home buyers seeking a waterfront setting. Tarpon Springs offers the historic Sponge Docks, Greek cuisine, local boutiques, art walks, concerts, and downtown First Friday events. The Pinellas Trail is nearby for biking and walking, while Gulf beaches and water activities are just minutes away. Lot lines in photos are for marketing and illustration purposes only.
    Location Intelligence

    Current Use by Public Records

    Ministry Of Reconciliation Outreach, ... Charitable Organization

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Tarpon Springs
    County
    Pasco
    State
    Florida
    Longitude
    -82.7701872
    Latitude
    28.1564947

    Nearby Similar for Sale

    • $995,950
      1,377 SF

      Gas Station, Repair Shop, Store

      Gas station, auto repair, and convenience store business and property.
      1941 S Pinellas Ave, Tarpon Springs, FL 34689
      View Details
    • $399,000
      1,001 SF

      Freestanding Office Building Near Downtown

      Versatile office building near downtown Tarpon Springs and Sponge Docks.
      1201 N Pinellas Ave, Tarpon Springs, FL 34689
      View Details
    • $525,000
      Pending

      High-Visibility Tarpon Springs Office Building

      2,240 SF office building with flexible units and recent updates.
      500 E Tarpon Ave, Tarpon Springs, FL 34689
      View Details
    • $615,000
      3,550 SF

      Restored Commercial Space in Tarpon

      Historic building in downtown Tarpon Springs, ideal for various businesses.
      131 Hibiscus St, Tarpon Springs, FL 34689
      View Details
    • $399,000
      0.19 Acres

      Waterfront Land in Tarpon Springs

      Waterfront property with potential for custom home construction.
      56 Inness Dr, Tarpon Springs, FL 34689
      View Details
    • $875,000
      2,063 SF

      Waterfront Restaurant and Bar For Sale

      Highway frontage property with established waterfront bar and restaurant.
      1761 Beckett Way, Tarpon Springs, FL 34689
      View Details
    • $685,000
      2,560 SF

      Historic Quadplex in Tarpon Springs

      1925 quadplex in Tarpon Springs near Sponge Docks.
      312 E Orange St, Tarpon Springs, FL 34689
      View Details
    • $499,000
      1,608 SF

      Duplex Plus Vacant Lot

      Duplex with vacant lot near Whitcomb Bayou, leading to Gulf.
      816 Carolina Ave, Tarpon Springs, FL 34689
      View Details
    • $995,950
      1,377 SF

      Gas Station, Repair Shop, Store

      Established gas station, auto repair shop, and convenience store for sale.
      1941 S Pinellas Ave, Tarpon Springs, FL 34689
      View Details
    • $525,000
      2,240 SF

      Tarpon Springs Corner Office Building

      Highly visible office building with flexible units and recent upgrades.
      500 E Tarpon Ave, Tarpon Springs, FL 34689
      View Details
    • $80,000
      2,000 SF

      Established Restaurant in Tarpon Springs

      Restaurant in the heart of Tarpon Springs business district.
      118 E Tarpon Ave, Tarpon Springs, FL 34689
      View Details
    • $615,000

      Restored Commercial Space in Tarpon

      Historic building in downtown Tarpon Springs, ideal for various businesses.
      131 Hibiscus St, Tarpon Springs, FL 34689
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Vacant waterfront lot in a 55+ Tarpon Springs community.
    Where is this waterfront land located?
    The property is located at 800 Chesapeake Dr, Unit 12 Tarpon Springs, FL.
    What is the asking price?
    The asking price for this property is $80,000.
    What are key features of this property?
    This property features: - Waterfront lot in a 55+ gated community with direct access to Tarpon Bayou.; - Opportunity to purchase a 30-foot boat slip.; - Freedom to design a custom home.
    (727) 785-7653
    Request Owner's contact information
    800 Chesapeake Dr, Unit 12 Tarpon Springs, FL 34689
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    800 Chesapeake Dr, Unit 12
    Tarpon Springs, FL 34689
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    800 Chesapeake Dr, Unit 12 Tarpon Springs, FL 34689
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Amanda Dyer
    Real Estate License ID: 3361061
    (727) 785-7653 (813) 600-8200 (727) 934-4099
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!