1208 Pinellas Ave Tarpon Springs, FL 34689-6901
Property profile & analytics
1208 Pinellas Ave Tarpon Springs, FL 34689-6901
- Strip malls
- 9,300 SF
- 1.61 lot acres
Property ID
US18-5347434
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.
Location Intelligence
Current Use by Public Records
- Eagles's Nest Lounge / Bar & Pub
- The Funk / Tattoo & Piercing Shop
- CM SR22 Insurance Group / Financial Advisor / Insurance Agency
Property Details for 1208 Pinellas Ave
- Year built
- 1988
- Construction
- WOOD FRAME
- Lot size
- 1.61 lot acres
- Property size
- 9,300 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 01-27-15-27072-012-0010
- APU
- 12715270720120010
Description
Anclote Plaza, a 13,994 square foot shopping center in Tarpon Springs, Florida, presents a compelling investment opportunity. Priced at $1,675,000, this property boasts a 6.33% cap rate and a strong net operating income (NOI) of $106,000. The center comprises two buildings totaling 11,800 square feet of net rentable space, situated on a 1.61-acre lot with ample parking (62 spaces). Currently, three tenants occupy the space, with leases expiring January 1, 2025. One building is approximately 2,500 square feet and currently operates as a bar/lounge. The main building, approximately 9,300 square feet, includes a 4,500 square foot vacant shell, two occupied units, and one vacant 1,500 square foot space. The property features a metal roof installed in 2017 and approved renovation plans are available. Located on US ALT 19, less than half a mile from the Sponge Docks, this property benefits from a prime location and high visibility. Zoned for General Business, permitted uses include professional offices, hotels, repair services, restaurants, retail food and sales, shopping centers, and mixed-use developments. This is an exceptional opportunity to acquire a well-located retail center with significant upside potential. The property includes five units and was built in 1988.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,175,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,725,000
- 6.5%
- $1,590,000
- 7%
- $1,475,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,695,000
- AI Estimate
- $1,695,000
Market price range: $1.32M - $4.13MMarket price range: $1.32M - $4.13M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $2,580,000 Current use
- OFFICE BUILDING
- $2,160,000 Change: -16% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tarpon Springs
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7563
- Latitude
- 28.1605
- 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
$17,315
$0.00
$0.00
$1,100,000
-
$362,525
$737,475
$1,100,000
