Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Office buildings
22 Safford Ave Tarpon Springs, FL 34689-3424
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-1396415
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1936
Construction
FRAME
Total area
2,470 SF
Lot
0.22 ac (9,627 SF)
APN
12-27-15-52218-000-0070
UPID
US18-1396415
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
-
Edward Jones - Financial Advisor: Rich Lundahl, AAMS® Financial Advisor
-
Edward Jones - Financial Advisor: Nicholas Santana Financial Advisor
-
Edward Jones - Financial Advisor: Alex Arvizu Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$663k
Blend (final)
Blend
$665k
Owner & transaction history
Ckrh Properties LLC · 7 yrs held
Ckrh Properties LLC
since 2018
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+78.3%
Neighborhood: shopping center
$685,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$575,000
Current use
AUTO REPAIR, GARAGE
$1,025,000
Change: +78% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$685,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$545,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$505,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$665k
Range $599k – $732k · ±10%
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
$269 / 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
$6,553
Tax year 2023
Assessed value
$385,000
Assessed 2023
Previous assessed
$340,000
+13.2% YoY
Effective rate
1.70%
On assessed value
Land market value
$102,973
Improvement market value
$282,027
Total market value
$385,000
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
1936
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Bathrooms
2
Total area
2,470 SF
Lot
0.22 ac (9,627 SF)
APN
12-27-15-52218-000-0070
UPID
US18-1396415
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
$575,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$685,000
WAREHOUSE, STORAGE
Est. value
$545,000
RETAIL STORES
Est. value
$505,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1936
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Bathrooms
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Ckrh Properties LLC
Entity
Mailing address
22 N SAFFORD AVE, TARPON SPRINGS, FL 34689-3424
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2018
$407,500
Ckrh Properties LLC
Richard B Glass
Warranty Deed
$457,300 · Valley National Bank
Aug 5, 2008
—
Glass Richard B Trust
Glass,richard B
Quit Claim Deed
related
—
Feb 10, 2006
$100,000
Richard B Glass
Glass,richard B
Quit Claim Deed
related
—
Mar 13, 2001
$45,000
Richard B Glass
Huntington National Bank
Grant Deed
—
Jun 29, 1998
$758,200
Huntington National Bank
Barnett Bank
Grant Deed
related
—
—
—
Steven H Nagel
—
Deed Of Trust
related
$160,000 · Huntington National Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 22 Safford Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
