Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2965 Alt 19 Palm Harbor, FL 34683-1907

    • Office Properties & Spaces
    • 4,656 SF
    OFF-MARKET
    Last Sale
    May 17, 2024
    $1,568,000
    Value Estimations
    $1,550,000
    Show details
    Cap Rate Potential
    4.9%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US18-3033496
    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.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 2965 Alt 19

    Year built
    2008
    Construction
    WOOD FRAME
    Property size
    4,656 SF
    Property type
    Office Properties & Spaces
    APN
    35-27-15-63554-005-0010
    APU
    352715635540050010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,570,000
      ML approach
      $1,570,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,163,000
      Market price range: $602k - $1.34M
      AI Estimate
      $1,163,000
      Market price range: $602k - $1.34M

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Harbor
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7739
    Latitude
    28.0959
    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
    $17,236
    $0.00
    $0.00
    $921,000
    -
    $0.00
    $921,000
    $921,000

    Comparable in this City

    • Value Estimation by Request
      2,168 SF

      3001 Alt 19b

      CONDOMINIUM OFFICES • 2,168 SF
      3001 Alt 19b, Palm Harbor, FL 34683-1930
      View Details
    • Value Estimation by Request
      2,328 SF

      2999 Alt 19th B Ste B

      CONDOMINIUM OFFICES • 2,328 SF
      2999 Alt 19th B Ste B, Palm Harbor, FL 34683-1938
      View Details
    • Value Estimation by Request
      1,520 SF

      2138 Alt 192-b

      CONDOMINIUM OFFICES • 1,520 SF
      2138 Alt 192-b, Palm Harbor, FL 34683-5360
      View Details
    • Value Estimation by Request
      2,035 SF

      2138 Alt 192-c

      CONDOMINIUM OFFICES • 2,035 SF
      2138 Alt 192-c, Palm Harbor, FL 34683-5360
      View Details
    • Value Estimation
      $890,000
      2,137 SF

      1410 11th Stc

      CONDOMINIUM OFFICES • 2,137 SF
      1410 11th Stc, Palm Harbor, FL 34683
      View Details
    • Value Estimation by Request
      4,656 SF

      3003 Alt 19th A Ste A

      CONDOMINIUM OFFICES • 4,656 SF
      3003 Alt 19th A Ste A, Palm Harbor, FL 34683-1903
      View Details

    Similar Nearby for Sale

    • New
      $549,000
      0.20 Acres

      Permit-Ready Palm Harbor Redevelopment Opportunity

      Redevelopment opportunity with immediate office usability and long-term flexibility.
      1007 Michigan Ave, Palm Harbor, FL 34683
      View Details
    • $1,450,000

      Palm Harbor Development Opportunity

      Cleared 2-acre vacant lot in desirable Palm Harbor location.
      854 Riviere Rd, Palm Harbor, FL 34683
      View Details
    • $349,900

      Land For Sale

      Land available for sale.
      344 Bay St, Palm Harbor, FL 34683
      View Details
    • $700,000
      0.71 Acres

      Waterfront Buildable Land in Crystal

      Vacant waterfront property in Crystal Beach with sunset views.
      Magnolia Ave, Palm Harbor, FL 34683
      View Details
    • $850,000
      0.32 Acres

      Cleared Land Ready for Builders

      Cleared land in a private community with utilities on site.
      117 Carlyle Dr, Palm Harbor, FL 34683
      View Details
    • $309,900
      0.25 Acres

      Residential Lot in Private Community

      Residential lot in Palm Harbor, build your dream home!
      1289 Almaria Ct, Palm Harbor, FL 34683
      View Details

    Similar Nearby for Lease

    • $45,120

      Palm Harbor Medical Office Space

      Medical office space for rent in established Palm Harbor plaza.
      2855 Alt 19, Palm Harbor, FL 34683
      View Details
    • $17 SF/Yr
      925 SF

      Palm Harbor Office Space Available

      Professional office space in Palm Lake Square for rent.
      2445 Tampa Rd, Palm Harbor, FL 34683
      View Details
    • $1,200 /Mo
      7,267 SF

      Remodeled Executive Office Suites For Rent

      Move-in-ready, ADA-compliant office suites in prime Palm Harbor location.
      2385 Tampa Rd, Palm Harbor, FL 34683
      View Details
    • $2,100 /Mo

      Palm Harbor Office Space Available

      Office space for lease in Palm Harbor, Florida.
      36750 Us Highway 19 N 4-209, Palm Harbor, FL 34683
      View Details
    • $20,268

      Palm Harbor Office Space Available

      Office space for rent in Palm Harbor, Florida.
      2706 Alt 19, Palm Harbor, FL 34683
      View Details
    • $25,572

      Palm Harbor Retail/Office Space

      High-visibility retail or office space in Palm Harbor's business district.
      1454 1466, Palm Harbor, FL 34683
      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.
    2965 Alt 19
    Palm Harbor, FL 34683-1907
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.