Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Culinary Elite Upscale Restaurant For Sale With Exceptional Reviews Palm Harbor, FL 34684

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Culinary Elite Upscale Restaurant For Sale With Exceptional Reviews Palm Harbor, FL 34684

    View on Map
    • Retail properties & Spaces
    • 2,300 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Culinary Elite Upscale Restaurant For Sale With Exceptional Reviews

    Year built
    2004
    Property size
    2,300 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This turnkey, upscale restaurant in Palm Harbor, FL, presents a remarkable investment opportunity. Boasting 2,300 square feet of space in a prime location, this 2004-built establishment has generated impressive net sales of $895,927.30, yielding an owner benefit of $245,927.21. The restaurant features a fully equipped kitchen with extensive equipment including a 10-foot hood, grease trap, fryers, stoves, grills, multiple sinks, refrigeration units (including walk-ins), a POS system, security cameras, and ample seating for 85-150 patrons (indoor and outdoor). The current lease, expiring September 30, 2027, has a monthly rent of $5,471.27. The business operates Tuesday through Saturday, 5:30 PM to 9:00 PM, and is currently staffed with nine employees (four full-time, five part-time). A 4 COP liquor license is available separately. The seller is retiring, presenting a unique chance to acquire a well-established, profitable restaurant with a strong reputation and significant growth potential in a thriving area with consistent new residents. The restaurant's high-quality equipment and established customer base provide a solid foundation for continued success. This is a truly exceptional opportunity for a seasoned restaurateur or a first-time buyer seeking a profitable, established business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Palm Harbor
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7239
    Latitude
    28.0716

    Comparable in this City

    • Value Estimation by Request
      51,200 SF

      33983 Hwy

      Restaurants • 51,200 SF
      33983 Hwy, Palm Harbor, FL 34684
      View Details
    • Value Estimation by Request
      26,847 SF

      36503 Us Highway 19

      Medical Office Space • 26,847 SF
      36503 Us Highway 19, Palm Harbor, FL 34684
      View Details
    • Value Estimation by Request
      10.40 Acres

      34254 Us Highway 19

      Medical space • 10.40 Acres
      34254 Us Highway 19, Palm Harbor, FL 34684
      View Details
    • Value Estimation by Request
      53,010 SF

      31800 Us Highway 19

      Medical Office Space • 53,010 SF
      31800 Us Highway 19, Palm Harbor, FL 34684
      View Details
    • Value Estimation by Request
      79,310 SF

      Lake Rd

      Retail properties & Spaces • 79,310 SF
      0 Lake Rd, Palm Harbor, FL 34684
      View Details
    • Value Estimation by Request
      1.55 Acres

      31081 Us Highway 19

      Office properties & Spaces • 1.55 Acres
      31081 Us Highway 19, Palm Harbor, FL 34684
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,212 SF

      New Construction NNN Ground Lease

      New 15-year NNN ground lease in Tampa MSA.
      35952 Us Highway 19 N, Palm Harbor, FL 34684
      View Details
    • $8,496,000
      17,000 SF

      Palm Harbor Retail Center For Sale

      100% occupied retail center with strong tenant mix.
      33160 Us Highway 19 N, Palm Harbor, FL 34684
      View Details
    • $249,900
      800 SF

      Palm Harbor Commercial Condo Unit

      800 sq ft condo-style commercial space in Palm Harbor.
      36141 Us Highway 19 N, Palm Harbor, FL 34684
      View Details
    • $2,500,000

      Waterfront Commercial Land Opportunity

      3.4 acres of vacant commercial land with waterfront frontage.
      37707 Us Highway 19 N, Palm Harbor, FL 34684
      View Details
    • Contact for pricing

      Lake Tarpon Waterfront Land Opportunity

      Nearly 3 acres of pristine, build-ready land on Lake Tarpon.
      2661 Cyprus Dr, Palm Harbor, FL 34684
      View Details
    • $199,900
      900 SF

      Updated Condo in Palm Harbor

      Move-in ready, furnished 2 bed, 2 bath condo with upgrades.
      2998 Bonaventure Cir, Palm Harbor, FL 34684
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Palm Harbor

      Retail and restaurant spaces available in Palm Harbor, Florida.
      33505 N Us Highway 19, Palm Harbor, FL 34684
      View Details
    • Contact for pricing
      1,750 SF

      Palm Harbor Retail/Restaurant Space

      Retail and restaurant spaces available in Palm Harbor, Florida.
      33521-33645 N Us Highway 19, Palm Harbor, FL 34684
      View Details
    • Contact for pricing
      5,200 SF

      Retail Spaces in Palm Harbor

      Retail spaces available in well-maintained Palm Harbor shopping center.
      3205-3347 Tampa Rd, Palm Harbor, FL 34684
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Palm Harbor

      High-visibility retail space in a strong retail corridor.
      38501-38583 Us Highway 19, Palm Harbor, FL 34684
      View Details
    • Contact for pricing
      1,050 SF

      Retail Spaces Near Trader Joe's

      Retail spaces available in a high-traffic shopping center.
      33821-33913 Us Highway 19 N, Palm Harbor, FL 34684
      View Details
    • $27,708
      1,327 SF

      Palm Harbor Retail Space Available

      Retail space available for lease in Palm Harbor, Florida.
      32502 Us Highway 19 N B, Palm Harbor, FL 34684
      View Details
    Request Owner's contact information
    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.
    Culinary Elite Upscale Restaurant For Sale With Exceptional Reviews
    Palm Harbor, FL 34684
    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
    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

    Thank You for Inquiry

    Culinary Elite Upscale Restaurant For Sale With Exceptional Reviews, Palm Harbor, FL, 34684

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!