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    2960 Tampa Rd Palm Harbor, FL 34684-3340
    Property profile & analytics

    2960 Tampa Rd, Palm Harbor, FL 34684-3340

    View on Map
    • Assisted living facilities
    • 75,335 SF
    • 8.40 lot acres
    Off-Market
    Last Sale Feb 10, 2021
    $26,235,000
    Property ID
    US18-0084948
    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
    $21,950,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Gables of Palm Harbor / Nursing Home / Retirement Community

    Property Details for 2960 Tampa Rd

    Year built
    1996
    Construction
    FRAME
    Lot size
    8.40 lot acres
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    08-28-16-02509-000-0010
    APU
    82816025090000010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 10, 2021 $26,235,000 Epc Guardian LLC Hcp Slb Florida LLC Special Warranty Deed —
    Sep 14, 2005 — Retirement Slb Florida Cnl — Deed Of Trust · related $10.7M · Bank Of America
    Jul 11, 2003 $12,175,000 Cnl Retirement Slb Florida LP Senior Lifstyle Balmoral LP Grant Deed —
    Aug 28, 1998 $11,850,000 Lifestyle Balmoral LP Senior Clevelandian Limited Grant Deed $12.1M · Credit Lyonnais New York Ttee

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,668,000
      Market price range: $13.2M - $29.9M
      AI Estimate
      $17,668,000
      Market price range: $13.2M - $29.9M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $20,860,000
      Current use
      AUTO REPAIR, GARAGE
      $31,195,000
      Change: +50% Conversion: Difficult
      OFFICE BUILDING
      $24,610,000
      Change: +18% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $20,915,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Harbor
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7302
    Latitude
    28.0666
    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
    $136,547
    $0.00
    $0.00
    $7,340,000
    -
    $2,957,182
    $4,382,818
    $7,340,000

    Comparable in this City

    • Value Estimation
      $7,380,000
      24,920 SF

      2895 Tampa Rd

      HOMES (RETIRED, NURSING)
      2895 Tampa Rd, Palm Harbor, FL 34684-3314
      View Details
    • Value Estimation
      $2,700,000
      7,823 SF

      6960 County Rd 95

      HOMES (RETIRED, NURSING)
      6960 County Rd 95, Palm Harbor, FL 34684-4403
      View Details
    • Value Estimation
      $8,135,000
      38,122 SF

      880 Highlands Blvd

      HOMES (RETIRED, NURSING)
      880 Highlands Blvd, Palm Harbor, FL 34684-2827
      View Details
    • Value Estimation
      $13,205,000
      66,000 SF

      2851 Tampa Rd

      HOMES (RETIRED, NURSING)
      2851 Tampa Rd, Palm Harbor, FL 34684-3314
      View Details
    • Value Estimation by Request
      291,030 SF

      900 Lk Rd

      HOMES (RETIRED, NURSING)
      900 Lk Rd, Palm Harbor, FL 34684-3142
      View Details
    • Value Estimation by Request
      322,050 SF

      2655 Nebraska Ave

      HOMES (RETIRED, NURSING)
      2655 Nebraska Ave, Palm Harbor, FL 34684-2630
      View Details

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      Two-bedroom condo with garage, stainless appliances, and community amenities.
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      Palm Harbor Development Opportunity

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      Build your dream home in this exclusive waterfront community.
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      Palm Harbor Retail Center For Sale

      100% occupied retail center with strong tenant mix.
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      Waterfront Commercial Land Opportunity

      3.4 acres of vacant commercial land with waterfront frontage.
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    Similar Nearby for Lease

    • $26 SF/Yr
      4,071 SF

      Shared Medical Office Space

      Newly renovated medical office space with shared resources and amenities.
      31201 Us Highway 19 N, Palm Harbor, FL 34684
      View Details
    • Contact for pricing

      Palm Harbor Warehouse for Rent

      Strategic warehouse location with direct access to Tampa Bay market.
      32180 Us Highway 19 N, Palm Harbor, FL 34684
      View Details
    • $27,708
      1,327 SF

      Palm Harbor Retail Space Available

      Retail space available for lease in Palm Harbor, Florida.
      32502 Us Highway 19 N B, Palm Harbor, FL 34684
      View Details
    • Contact for pricing
      1,400 SF

      Retail Spaces in Palm Harbor

      Retail spaces available in well-maintained Palm Harbor shopping center.
      3205-3347 Tampa Rd, Palm Harbor, FL 34684
      View Details
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    Palm Harbor, FL 34684-3340
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    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
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