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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office buildings
2385 Tampa Rd Palm Harbor, FL 34683-5851
Individually Owned
7-yr Hold
Free & Clear
Property ID
US18-2224140
Property summary
AI-generated overview
This newly remodeled 2,100 square foot office building is situated on a 0.58-acre lot at 2385 Tampa Road in Pinellas County, just one block east of US 19. The single-tenant space boasts a wrap-around floor plan featuring six large offices, easily accommodating multiple occupants per room. A spacious reception area includes a built-in desk and a dedicated meeting area. Three ADA-compliant bathrooms are provided, one of which is a full bathroom with a shower. The building's thoughtful design includes plumbing in each office suitable for medical use, making it exceptionally versatile. Modern upgrades include recessed LED lighting throughout the offices, newer flooring and HVAC systems, and fresh paint. Three of the offices offer the convenience of private exterior entry doors. The building, constructed in 1973 and classified as Class B, offers ample parking with 17 spaces. No elevators are present. This property presents an excellent opportunity for medical or general office practices seeking a fully ADA-compliant space with modern amenities and a convenient location. The building's previous occupant was a chiropractic practice.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1973
Construction
CONCRETE BLOCKS
Total area
2,008 SF
Lot
0.5 ac (21,706 SF)
APN
07-28-16-00000-210-1700
UPID
US18-2224140
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
-
Life Science Wellness Institute Medical Clinic
-
Guru Salon Hair Salon Nail Salon
-
The Law Offices of Steven J. Glaros & Associates Law Firm
-
FaceTime Beauty Medical Clinic Skin Care Clinic
-
Movement Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$580k
Blend (final)
Blend
$580k
Owner & transaction history
Steven J Glaros · 7 yrs held
Steven J Glaros
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$830,000
+95.8%
Neighborhood: shopping center
$555,000
+31.3%
Retail stores
$445,000
+4.4%
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 Palm Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm 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
OFFICE BUILDING
$425,000
Current use
AUTO REPAIR, GARAGE
$830,000
Change: +96% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$555,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$445,000
Change: +4% · Conversion: Moderate
WAREHOUSE, STORAGE
$440,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$289 / 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
$12,019
Tax year 2023
Assessed value
$630,000
Assessed 2023
Previous assessed
$575,000
+9.6% YoY
Effective rate
1.91%
On assessed value
Land market value
$126,024
Improvement market value
$503,976
Total market value
$630,000
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
1973
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
4
Total area
2,008 SF
Lot
0.5 ac (21,706 SF)
APN
07-28-16-00000-210-1700
UPID
US18-2224140
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
$425,000
AUTO REPAIR, GARAGE
Est. value
$830,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$555,000
RETAIL STORES
Est. value
$445,000
WAREHOUSE, STORAGE
Est. value
$440,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
1973
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
4
Lot
0.5 ac
Current owner
From public records · entity-resolved
Steven J Glaros
Individual
Free & Clear · 7 yrs held
Mailing address
13513 PRESTIGE PL STE #101, TAMPA, FL 33635-9777
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2019
$440,000
Steven J Glaros
Malpartida,georgia V & Edgar
Warranty Deed
—
Mar 20, 2019
—
Malpartida,g V & E Trust
Malpartida,yvette
Correction Deed
related
—
Mar 24, 2008
—
Edgar Malpartida
Malpartida,georgia
Quit Claim Deed
related
—
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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