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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Grocery and convenience stores
1199 Pinellas Ave Tarpon Springs, FL 34689-3717
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-9462073
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2007
Construction
CONCRETE BLOCKS
Total area
3,784 SF
Lot
0.48 ac (20,987 SF)
APN
13-27-15-00000-310-0400
UPID
US18-9462073
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ideal Market Place, LLC Grocery & Convenience Store
-
Shell Restaurant
-
Taco Movil #2 Tarpon Springs Restaurant
-
Coinsource Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
Fazie Mehreen Investment LLC · 4 yrs held
Fazie Mehreen Investment LLC
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+49.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tarpon Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tarpon Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,800,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,565,000
Change: +49% · Conversion: Difficult
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±10% · vs last sale $1.59M (Feb 11 2022)
Last sale anchor
$1.59M
Feb 11 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$476 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,510
Tax year 2023
Assessed value
$880,000
Assessed 2023
Previous assessed
$725,000
+21.4% YoY
Effective rate
1.88%
On assessed value
Land market value
$263,214
Improvement market value
$616,786
Total market value
$880,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2007
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
3,784 SF
Lot
0.48 ac (20,987 SF)
APN
13-27-15-00000-310-0400
UPID
US18-9462073
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.6M
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Fazie Mehreen Investment LLC
Entity
Mailing address
1199 S PINELLAS AVE, TARPON SPRINGS, FL 34689-3717
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2022
$1,590,000
Fazie Mehreen Investment LLC
Ayass Investments LLC
Warranty Deed
$813,500 · First Citrus Bank
Feb 11, 2022
—
Mehreen Investment LLC
—
Deed
related
$488,100 · First Citrus Bank
Mar 16, 2021
$1,151,000
Ayass Investments LLC
Daraleis Start LLC
Warranty Deed
—
Oct 15, 2020
$1,170,000
Daraleis Start LLC
Senturk Marketing INC
Warranty Deed
$1,000,000 · Senturk Marketing INC
Aug 28, 2017
$800,000
Senturk Marketing INC
Chichi 1127 Pinellas LLC
Warranty Deed
—
Dec 11, 2008
$1,250,500
Chichi 1127 Pinellas LLC
Tiger Investment Group INC
Warranty Deed
—
Sep 15, 2008
$1,001,000
Tiger Investment Group INC
Ideal Food N Fuel INC Coc
Trustees Deed
—
Jan 19, 2006
—
Paul Giansiracusa
Dasher,gilbert
Quit Claim Deed
$1,358,000 · Florida Capital Bank NA
Apr 4, 2005
—
Paul Giansiracusa
Dasher,christa
Quit Claim Deed
related
—
Apr 4, 2005
$350,000
Paul Giansiracusa
Dasher,linda
Grant Deed
$257,600 · First National Bank
Jan 26, 2005
—
Dennis G Dasher
Dasher,gilbert
Quit Claim Deed
related
—
—
—
Chichi 1127 Pinellas LLC
—
Deed Of Trust
related
$225,000 · Florida Capital Bank NA
—
—
Ideal Food N Fuel INC
—
Deed Of Trust
related
$75,000 · Florida Capital Bank NA
—
—
Chichi 1127 Pinellas LLC
—
Deed Of Trust
related
$25,000 · Jefferson Bk/fl
—
—
Chichi 1127 Pinellas LLC
—
Deed Of Trust
related
$90,000 · Jefferson Bk/fl
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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