Freestanding Flex
For Sale
Contact for pricing
904 Anclote Road, Tarpon Springs, FL 34689
One-story commercial property with E-1 zoning, outdoor space, and access to US Highway 19.
Property Size14,400 SF
Lot Size1.27 Acres
Price / SF$173.61
Days on Market15
Property Features for 904 Anclote Road
General Information
Standard status
Active
Size
14,400 SF
Total Parking Spaces
20
Lot size
1.27 Acres
Property subtype
Industrial, Mixed Use
Zoning
E1 (Employment-1)
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Stories
1
Building Size
14,400 SF
Listing Agency:
Transworld Commercial Real Estate
Listed By:
Alan Kaye · License #FL
Source:
Crexi
Added: Aug 10
Changed: Aug 21
Last Checked: Aug 23 at 6:09PM
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 Transworld Commercial Real Estate
Investment Insights
Based on property information with market context.
Freestanding flex space comprising approximately 14,400 SF on a 1.27-acre site. Built in 1980, the one-story property includes on-site parking and outdoor space, with E-1 (Employment-1) zoning supporting commercial and light industrial uses. The site also has room for additional SF or a second story.
The property is located at 904 Anclote Road in Anclote Industrial Park, Tarpon Springs, FL. Access to US Highway 19 and other major roadways connects the site with Clearwater, Palm Harbor, New Port Richey, Tampa, and St. Petersburg. The surrounding area includes commercial, industrial, retail, and residential development within northern Pinellas County.
The property is located at 904 Anclote Road in Anclote Industrial Park, Tarpon Springs, FL. Access to US Highway 19 and other major roadways connects the site with Clearwater, Palm Harbor, New Port Richey, Tampa, and St. Petersburg. The surrounding area includes commercial, industrial, retail, and residential development within northern Pinellas County.
Key Highlights
- 14,400 +/- SF freestanding commercial building
- 1.27 +/- acre site in Anclote Industrial Park
- E‑1 (Employment‑1) zoning
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
$155,002
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
6.20%
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%
$3,100,040
$3.1M
Cap Rate 7%
$2,214,314
$2.2M
Cap Rate 9%
$1,722,244
$1.7M
Market Conditions
NOI Build-Up for 14,400 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
$259.2K $18.00/SF
− Vacancy
−$20.7K −$1.44/SF
EGI
$238.5K $16.56/SF
− OpEx
−$83.5K −$5.80/SF
NOI
$155.0K $10.76/SF
Area
Pasco County, FL
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$3,100,040
Cap Rate 7%
$2,214,314
Cap Rate 9%
$1,722,244
Alternative Uses
Best Use
Flex RnD
$2.21M
$1.94M – $2.58M
NOI $155,002 @ 7.0% cap · market cap 6.20%
Second Best
Industrial
$1.65M
$1.44M – $1.93M
NOI $115,542 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$3.28M
$2.87M – $3.83M
NOI $229,617 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
338
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Hogfather BBQ
Frequently Asked Questions
What type of property is this?
Flex space - One-story commercial property with E-1 zoning, outdoor space, and access to US Highway 19.
Where is this flex space located?
The property is located at 904 Anclote Road Tarpon Springs, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 14,400 +/- SF freestanding commercial building; 1.27 +/- acre site in Anclote Industrial Park; E‑1 (Employment‑1) zoning
