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

    114 Boyer St Tarpon Springs, FL 34689

    • Warehouses
    • 2,881 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Feb 13, 2023
    $3,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3588593
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 114 Boyer St

    Year built
    1979
    Construction
    CONCRETE BLOCKS
    Lot size
    0.12 lot acres
    Property size
    2,881 SF
    Property type
    Warehouses
    APN
    13-27-15-89946-077-0230
    APU
    132715899460770230

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tarpon Springs
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7561
    Latitude
    28.1439
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,096
    $0.00
    $0.00
    $165,000
    -
    $77,522
    $87,478
    $165,000

    Comparable in this City

    • Value Estimation
      $4,110,000
      24,400 SF

      41916 Us Hwy 19th N

      WAREHOUSE, STORAGE • 24,400 SF
      41916 Us Hwy 19th N, Tarpon Springs, FL 34689-4148
      View Details
    • Value Estimation
      $2,290,000
      9,300 SF

      1930 Pinellas Ave

      MINI-WAREHOUSE, STORAGE • 9,300 SF
      1930 Pinellas Ave, Tarpon Springs, FL 34689-5734
      View Details
    • Value Estimation by Request
      4,140 SF

      522 Lemon St

      MINI-WAREHOUSE, STORAGE • 4,140 SF
      522 Lemon St, Tarpon Springs, FL 34689-4314
      View Details
    • Value Estimation
      $565,000
      3,240 SF

      906 Live Oak St

      WAREHOUSE, STORAGE • 3,240 SF
      906 Live Oak St, Tarpon Springs, FL 34689-4140
      View Details
    • Value Estimation by Request
      1,196 SF

      1001 Anclote Blvd

      STORAGE YARD, OPEN STORAGE • 1,196 SF
      1001 Anclote Blvd, Tarpon Springs, FL 34689-6633
      View Details
    • Value Estimation
      $1,405,000
      10,060 SF

      712 Anclote Rd

      WAREHOUSE, STORAGE • 10,060 SF
      712 Anclote Rd, Tarpon Springs, FL 34689-6703
      View Details

    Similar Nearby for Sale

    • $750,000
      2,422 SF

      Landmark Mixed-Use Building For Sale

      Landmark commercial building in downtown Tarpon Springs with live-work space.
      312 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
    • $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
    • $90,000
      7.24 Acres

      Waterfront Lot with Boat Slip

      Build-ready waterfront lot in 55+ community with Gulf access.
      800 Chesapeake Dr, 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
    • $415,000
      0.25 Acres

      Waterfront Lot in Tarpon Springs

      Waterfront property near Intracoastal Waterways, Sponge Docks, and Innisbrook.
      316 Manatee Ln, Tarpon Springs, FL 34689
      View Details

    Similar Nearby for Lease

    • $19,500 /Mo

      New Warehouse Space For Rent

      Clean warehouse space near downtown Tarpon Springs.
      495 Brady Rd, Tarpon Springs, FL 34689
      View Details
    • $35,881

      Tarpon Springs Flex Space Available

      Under construction flex space in Tarpon Springs industrial park.
      1525 N Bnd Dr, Tarpon Springs, FL 34689
      View Details
    • $240,000

      Tarpon Springs Warehouse with Paint Booth

      20,000 SF warehouse with paint booth and storage.
      1500 L And R Industrial Blvd, Tarpon Springs, FL 34689
      View Details
    • $35,881

      New Construction Warehouse Space Available

      New construction warehouse space for rent in Tarpon Springs.
      1525 N Bnd Dr, Tarpon Springs, FL 34689
      View Details
    • $30,000

      Clean Warehouse Near Downtown Tarpon

      Well-maintained warehouse space with included utilities and ample parking.
      140 Oscar Hill Rd, Tarpon Springs, FL 34689
      View Details
    • $240,000

      Tarpon Springs Warehouse with Storage

      20,000 SF warehouse with office and outdoor storage.
      1500 L And R Industrial Blvd, Tarpon Springs, FL 34689
      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.
    114 Boyer St
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!