Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2650 Alderman Rd Palm Harbor, FL 34684-1782
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2650 Alderman Rd Palm Harbor, FL 34684-1782

    View on Map
    • Office buildings
    • 2,045 SF
    • 0.50 lot acres
    Off-Market
    Property ID
    US18-4163091
    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.
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 2650 Alderman Rd

    Year built
    1973
    Construction
    CONCRETE BLOCKS
    Lot size
    0.50 lot acres
    Property size
    2,045 SF
    Property type
    Office buildings
    APN
    31-27-16-00000-420-0100
    APU
    312716000004200100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $524,000
      Market price range: $524k - $781k
      AI Estimate
      $524,000
      Market price range: $524k - $781k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $670,000
      Current use
      AUTO REPAIR, GARAGE
      $845,000
      Change: +27% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $570,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Harbor
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7374
    Latitude
    28.0932
    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
    $4,798
    $0.00
    $0.00
    $250,000
    -
    $140,224
    $109,776
    $250,000

    Comparable in this City

    • Value Estimation
      $15,650,000
      56,600 SF

      3890 Tampa Rd

      PROFESSIONAL BUILDING • 56,600 SF
      3890 Tampa Rd, Palm Harbor, FL 34684-3676
      View Details
    • Value Estimation
      $3,910,000
      15,248 SF

      32050 Us Hwy 19th N

      OFFICE BUILDING (MULTI-STORY) • 15,248 SF
      32050 Us Hwy 19th N, Palm Harbor, FL 34684-3711
      View Details
    • Value Estimation
      $6,655,000
      24,932 SF

      35095 Us Hwy 19th N

      OFFICE BUILDING (MULTI-STORY) • 24,932 SF
      35095 Us Hwy 19th N, Palm Harbor, FL 34684-2686
      View Details
    • Value Estimation
      $8,015,000
      31,263 SF

      35111 Us Hwy 19th N

      OFFICE BUILDING (MULTI-STORY) • 31,263 SF
      35111 Us Hwy 19th N, Palm Harbor, FL 34684-1935
      View Details
    • Value Estimation
      $1,165,000
      4,550 SF

      31622 Us Hwy 19th N

      OFFICE BUILDING • 4,550 SF
      31622 Us Hwy 19th N, Palm Harbor, FL 34684-3723
      View Details
    • Value Estimation
      $1,445,000
      5,546 SF

      31608 Us Hwy 19th N

      PROFESSIONAL BUILDING • 5,546 SF
      31608 Us Hwy 19th N, Palm Harbor, FL 34684-3723
      View Details

    Similar Nearby for Sale

    • $450,000
      1,175 SF

      Palm Harbor Office For Sale

      Office unit with great location and ample parking available now.
      3830 Tampa Rd, Palm Harbor, FL 34684
      View Details
    • Contact for pricing
      3,692 SF

      Palm Harbor Medical Office Building

      Move-in ready medical office building on U.S. Highway 19.
      31581 Us Highway 19 N, Palm Harbor, FL 34684
      View Details
    • $249,900
      800 SF

      Palm Harbor Commercial Condo Unit

      800 sq ft condo-style commercial space in Palm Harbor.
      36141 Us Highway 19 N, Palm Harbor, FL 34684
      View Details
    • $8,496,000
      17,000 SF

      Palm Harbor Retail Center For Sale

      100% occupied retail center with strong tenant mix.
      33160 Us Highway 19 N, Palm Harbor, FL 34684
      View Details
    • $2,500,000

      Waterfront Commercial Land Opportunity

      3.4 acres of vacant commercial land with waterfront frontage.
      37707 Us Highway 19 N, Palm Harbor, FL 34684
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,444 SF

      Palm Harbor Office Building For Lease

      Three-story office building on US Highway 19 North.
      34650 Us Highway 19 N, Palm Harbor, FL 34684
      View Details
    • Contact for pricing

      Renovated Office Building For Lease

      Modern, renovated office building with spaces for professional or medical tenants.
      30522 Us Highway 19, Palm Harbor, FL 34684
      View Details
    • Contact for pricing

      Renovated Office Space For Rent

      Modern office space available in Palm Harbor, Florida.
      30522 Us Highway 19 North, Palm Harbor, FL 34684
      View Details
    • Contact for pricing
      2,200 SF

      Palm Harbor Professional Center Office

      Office space in high-traffic Palm Harbor professional center.
      36472 Us Highway 19 N, Palm Harbor, FL 34684
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2650 Alderman Rd
    Palm Harbor, FL 34684-1782
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!