Technical
Financial
Distress signals
Property profile

1007 Michigan Ave Palm Harbor, FL 34683

FOR SALE
Office buildings
Property ID
US18-2588117
1,008 SF 0.2 ac lot Built 1951
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is located in Downtown Palm Harbor’s Activity Center, within an area designated for Neighborhood land use and zoned under the Downtown Palm Harbor Form-Based Code, and it has full historic department approval for redevelopment. The site is permit-ready for construction of a three-unit townhome development, with each residence planned at approximately 2,000 square feet, and it is documented as having impact fees paid. The existing structure can be used immediately as a professional office with minimal renovation and the Activity Center District permits a broad range of commercial and service uses under municipal code, including office and professional services; retail and personal service businesses; grocery stores, markets, and pharmacies; clinics and medical/dental offices; financial institutions; eating and drinking establishments; fitness centers and studios; salons and spas; laundries; printing and copying services; private instruction and training facilities; veterinary and pet grooming facilities; artist studios and galleries; government and public facilities; automotive rental agencies, service stations, and car wash facilities; marine electronics sales and service; and vehicle-for-hire services, with multi-family residential allowed as part of retail mixed-use development. The site is positioned one parcel off Alternate 19, a primary north–south corridor in northern Pinellas County that provides access among Palm Harbor, Dunedin, Clearwater, and surrounding markets. It is near the waterfront and adjacent trail systems and is located in Flood Zone X.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1951
Construction FRAME
Total area 1,008 SF
Lot 0.2 ac (8,625 SF)
APN 01-28-15-88560-105-1700
UPID US18-2588117

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1007 Michigan Ave Palm Harbor, FL 34683
Palm Harbor metro Census 27207 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2023
4 recorded transactions
2023
Price N/A
2019
$100
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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