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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Strip malls
226 Main St, Safety Harbor, FL 34695-3643
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-5480458
Property summary
AI-generated overview
This exceptional redevelopment opportunity presents a vacant 3,700 square foot restaurant space located at 226 Main St, Safety Harbor, Florida, 34695. Situated on a 0.25-acre lot, this property offers significant potential for a discerning investor or restaurateur. The building, constructed in 1957, is situated within the Community Redevelopment District: Main Street Marketplace zoning designation. The total square footage is 3,799 square feet, with 3,700 square feet of net rentable area. The property is currently vacant, providing a blank canvas for a new concept. The property's address is 226 Main St, Safety Harbor, FL 34695, and its location is further identified by APN numbers 03-29-16-33390-000-0030 & 03-29-16-33372-015-0050. This prime location in Safety Harbor, Pinellas County, offers high visibility and accessibility. This is an ideal investment for those seeking a redevelopment project in a thriving Florida community. The property's classification is Retail, with a subtype of Restaurant. The investment type is categorized as Redevelopment.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1957
Construction
CONCRETE BLOCKS
Total area
2,539 SF
Lot
0.09 ac (3,768 SF)
APN
03-29-16-33390-000-0030
UPID
US18-5480458
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
-
Athens Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$1.00M
Owner & transaction history
Safety Harbor Rentals LLC · 6 yrs held
Safety Harbor Rentals LLC
since 2020
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+124.5%
Auto repair, garage
$1.1M
+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 Safety Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Safety Harbor 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
NEIGHBORHOOD: SHOPPING CENTER
$705,000
Current use
COMMERCIAL (GENERAL)
$1,585,000
Change: +125% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,050,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$610,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$394 / 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
$8,151
Tax year 2023
Assessed value
$650,000
Assessed 2023
Previous assessed
$600,000
+8.3% YoY
Effective rate
1.25%
On assessed value
Land market value
$485,325
Improvement market value
$164,675
Total market value
$650,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1957
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
5
Total area
2,539 SF
Lot
0.09 ac (3,768 SF)
APN
03-29-16-33390-000-0030
UPID
US18-5480458
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$610,000
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1957
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
5
Lot
0.09 ac
Current owner
From public records · entity-resolved
Safety Harbor Rentals LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3126 EGRET TER, SAFETY HARBOR, FL 34695-5310
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2020
—
Safety Harbor Rentals LLC
Paul Lares
Grant Deed
—
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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