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Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Office buildings
29 Pinellas Ave, Tarpon Springs, FL 34689-3415
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-3740468
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1937
Construction
CONCRETE BLOCKS
Total area
3,846 SF
Lot
0.37 ac (16,169 SF)
APN
12-27-15-89982-065-0001
UPID
US18-3740468
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
-
Progressive Employer Management Company - PEMCO Business Management Consultant Human Resource Consulting
-
Dr. Phil Skandaliaris, D.C. Alternative Medicine Practice
-
Dr. Konstantinos Galouzis, D.C. Physician
-
Dr. Jennie Yates Alternative Medicine Practice
-
Spine and Joint Center of Tarpon Springs Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$980k
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.30M
Owner & transaction history
Kalouris Properties LLC · 3 yrs held
Kalouris Properties LLC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.6M
+78.3%
Neighborhood: shopping center
$1.1M
+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
$1,250,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,060,000
6.5%
$980,000
7%
$910,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$895,000
Current use
AUTO REPAIR, GARAGE
$1,595,000
Change: +78% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,070,000
Change: +20% · Conversion: Difficult
WAREHOUSE, STORAGE
$845,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$785,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±10% · vs last sale $1.36M (Feb 16 2023)
Last sale anchor
$1.36M
Feb 16 2023
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
$337 / 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
$12,152
Tax year 2023
Assessed value
$835,000
Assessed 2023
Previous assessed
$510,000
+63.7% YoY
Effective rate
1.46%
On assessed value
Land market value
$448,058
Improvement market value
$386,942
Total market value
$835,000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1937
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
5
Total area
3,846 SF
Lot
0.37 ac (16,169 SF)
APN
12-27-15-89982-065-0001
UPID
US18-3740468
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
$895,000
AUTO REPAIR, GARAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$845,000
RETAIL STORES
Est. value
$785,000
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
1937
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
5
Lot
0.37 ac
Current owner
From public records · entity-resolved
Kalouris Properties LLC
Entity
Mailing address
3526 MCCARTNEY RD, YOUNGSTOWN, OH 44505-5006
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2023
$1,360,000
Kalouris Properties LLC
Scandy Properties INC
Warranty Deed
—
Apr 28, 2021
—
Scandy Properties INC
—
Deed
related
$1,020,000 · Valley Bank
Jun 6, 2017
—
Dris Ents INC
—
Deed
related
$535,000 · Michael & Stamie Dris
Apr 7, 1997
$315,000
Dris Enterprises
Young Marketing International
Grant Deed
$250,000 · Nationsbank NA (south)
—
—
Dris Ents INC
—
Deed Of Trust
related
$250,000 · Jefferson Bank
—
—
Dris Ents INC
—
Deed Of Trust
related
$500,000 · Community Bank & Co
—
—
Dris Ents INC
—
Deed Of Trust
related
$535,000 · Michael & Stamie Dris
—
—
Dris Ents INC
—
Deed Of Trust
related
$500,000 · First Community Bank America
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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