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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    208 Cypress St Tarpon Springs, FL 34689

    • Warehouses
    • 3,216 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    $720,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7279529
    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 208 Cypress St

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.15 lot acres
    Property size
    3,216 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    12-27-15-95508-000-0050
    APU
    122715955080000050

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $705,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $895,000
      Change: +26% Conversion: Moderate
      OFFICE BUILDING
      $745,000
      Change: +6% Conversion: Difficult
      RETAIL STORES
      $660,000
      Change: -7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Tarpon Springs
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7544
    Latitude
    28.1488
    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
    $5,820
    $0.00
    $0.00
    $326,900
    -
    $80,868
    $246,032
    $326,900

    Comparable in this City

    • 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
      $615,000
      2,508 SF

      38800 Us Hwy 19th N

      MINI-WAREHOUSE, STORAGE • 2,508 SF
      38800 Us Hwy 19th N, Tarpon Springs, FL 34689-3961
      View Details
    • Value Estimation by Request
      1,808 SF

      41524 Us Hwy 19th N

      MINI-WAREHOUSE, STORAGE • 1,808 SF
      41524 Us Hwy 19th N, Tarpon Springs, FL 34689-5114
      View Details
    • Value Estimation
      $2,215,000
      9,000 SF

      1730 Pinellas Ave

      MINI-WAREHOUSE, STORAGE • 9,000 SF
      1730 Pinellas Ave, Tarpon Springs, FL 34689-1959
      View Details
    • Value Estimation by Request
      83,556 SF

      39016 Us Hwy 19th N

      MINI-WAREHOUSE, STORAGE • 83,556 SF
      39016 Us Hwy 19th N, Tarpon Springs, FL 34689-3957
      View Details

    Similar Nearby for Sale

    • $795,000
      2,422 SF

      Downtown Tarpon Springs Landmark Building

      Landmark mixed-use building in downtown Tarpon Springs for sale.
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    • $377,300
      1.59 Acres

      Residential Land in Tarpon Springs

      1.59-acre site suitable for single-family homes or townhomes.
      Wood Dove Ave, Tarpon Springs, FL 34689
      View Details
    • $5,500,000
      0.29 Acres

      Sponge Docks Mixed-Use Opportunity

      Retail spaces, land, and mixed-use potential in Tarpon Springs.
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    • $185,000
      0.23 Acres

      Residential Lot in Tarpon Springs

      0.23-acre residential lot to build a custom home.
      523 Doric Ct, Tarpon Springs, FL 34689
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      1.35 Acres

      Waterfront Land with Gulf Access

      Vacant lot with 179+ feet of Anclote River frontage.
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      Waterfront Lots in Gated Community

      58 finished waterfront lots with Gulf access in Tarpon Springs.
      W Morgan St, Tarpon Springs, FL 34689
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    Similar Nearby for Lease

    • $10 SF/Yr
      22,000 SF

      Tarpon Springs Warehouse Space

      Industrial warehouse space for lease.
      716 Wesley Ave, Tarpon Springs, FL 34689
      View Details
    • $2,250 /Mo
      2,000 SF

      Warehouse Units Available For Rent

      2000 sq ft warehouse units with overhead doors.
      743 Wesley Ave, Tarpon Springs, FL 34689
      View Details
    • $39,000

      Clean Warehouse Space Available

      Well-maintained warehouse in River Bend Business Park for rent.
      435 Brady Rd, Tarpon Springs, FL 34689
      View Details
    • $19,500 /Mo

      New Warehouse Space For Rent

      Clean warehouse space near downtown Tarpon Springs.
      495 Brady Rd, Tarpon Springs, FL 34689
      View Details
    • Contact for pricing
      1,744 SF

      Warehouse/Garage Space Available

      Warehouse/Garage space available immediately in Tarpon Springs, Florida.
      1845 Pinellas Ave, Tarpon Springs, FL 34689
      View Details
    • $270,000

      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
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    208 Cypress St
    Tarpon Springs, FL 34689
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    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
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