Financial
Distress signals
Property profile

531 Athens St Tarpon Springs, FL 34689

FOR SALE
Other investment properties
Property ID
US18-2315338
2,772 SF 0.1 ac lot Built 1911
Last sale Jan 2023 · $177,400
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years.
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Property summary

AI-generated overview

This mixed-use property is located in the Tarpon Springs Sponge Docks area near the marina, restaurants, live music, shopping, and the historic Sponge Docks. The building has a total area of 2,772 square feet on a 0.1-acre lot and includes a downstairs commercial space and an upstairs residential unit. Structural renovations have been completed, and the building has been fortified and reinforced. The commercial level is configured for bar/restaurant use and has operated with a long-term tenant.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$360k
Effective rate1.88%

Value estimate

· Sep 2026
$165k
$149k – $182k
NOI build-up
Gross scheduled income$60k
Vacancy & credit loss−$5k
Operating expenses−$21k
NOI · 2.75% cap applied$34k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$162/SF
Submarket average, outlier-cleaned · 18 recorded sales of this use type
Observed band · Q1–Q3$107 – $276
Qualifying comparables5

Cap rate analysis

How does the asset earn?
2.75%
$34k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPINELLAS

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office13.9
Dry Cleaner9.0
Veterinary Clinic8.6

Location

531 Athens St Tarpon Springs, FL 34689
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
151 Tarpon, Tarpon Springs, FL 34689-3451 $250,000 Aug 2024 3,932 SF
810 Dodecanese, Tarpon Springs, FL 34689-3134 $2,100,000 Jun 2023 4,312 SF
425 Pinellas, Tarpon Springs, FL 34689-3339 $375,000 Sep 2022 1,536 SF
793 Dodecanese, Tarpon Springs, FL 34689-3131 $1,200,000 Jan 2022 2,160 SF
521 Athens, Tarpon Springs, FL 34689-3105 $730,000 Apr 2021 4,662 SF
307 Pinellas, Tarpon Springs, FL 34689-3674 $900,000 Nov 2020 7,040 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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