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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Office buildings
1247 Pinellas Ave, Tarpon Springs, FL 34689-3719
Individually Owned
3-yr Hold
Free & Clear
Property ID
US18-0816423
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
WOOD FRAME
Total area
2,882 SF
Lot
0.24 ac (10,337 SF)
APN
13-27-15-00000-310-0500
UPID
US18-0816423
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
-
Timm Group Building & General Contractors Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$645k
Blend (final)
Blend
$570k
Owner & transaction history
Tarpon Springs Hospital Foundation · 3 yrs held
Tarpon Springs Hospital Foundation
since 2022
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$800,000
+19.5%
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
$510,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$795,000
6.5%
$735,000
7%
$680,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$670,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$635,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$590,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $450k (Oct 11 2022)
Last sale anchor
$450k
Oct 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
$198 / 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
$7,035
Tax year 2023
Assessed value
$375,000
Assessed 2023
Previous assessed
$157,500
+138.1% YoY
Effective rate
1.88%
On assessed value
Land market value
$104,062
Improvement market value
$270,938
Total market value
$375,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1989
Construction
WOOD FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
1
Total area
2,882 SF
Lot
0.24 ac (10,337 SF)
APN
13-27-15-00000-310-0500
UPID
US18-0816423
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
OFFICE BUILDING Current
Est. value
$670,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$800,000
WAREHOUSE, STORAGE
Est. value
$635,000
RETAIL STORES
Est. value
$590,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
RETAIL STORES
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
1989
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Tarpon Springs Hospital Foundation
Individual
Free & Clear · 3 yrs held
Mailing address
1395 S PINELLAS AVE, TARPON SPRINGS, FL 34689-3790
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
$450,000
Tarpon Springs Hospital Foundation
Cgb Properties
Warranty Deed
—
May 15, 2017
$125,000
Cgb Properties
Tichenor,ron
Warranty Deed
—
Feb 14, 2017
$82,700
Tichenor,ron Tr
State Of Florida Dept/rev Coc
Trustees Deed
—
Jan 11, 2007
—
Larry Crow Pa
—
Trustees Deed
related
$50,000 · Timothy D & Amanda Eiman
Dec 29, 2005
—
Larry Crow Pa
Crow,lawrence D & Sylvia C
Quit Claim Deed
—
Jun 29, 2001
$125,000
Lawrence D Crow
Bayron,carlos J
Grant Deed
—
—
—
Lawrence D Crow
—
Deed Of Trust
related
$121,250 · First National Bank
—
—
Lawrence Crow Pa
—
Deed Of Trust
related
$120,000 · Zarmar LP
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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