Individually Owned 
For Sale
1 / 66
Property summary
This exceptional investment opportunity presents a 5,500 square foot retail storefront in Palm Harbor, Florida, currently leased to three tenants, including two publicly traded companies. Located at 31515 US Hwy 19 N, this property boasts a prime location on a high-traffic thoroughfare (95,000 vehicles per day) and benefits from strong demographics, including a six-figure average household income within a one-mile radius. The 0.92-acre lot includes 13 parking spaces. Built in 2004, the property offers a modified net lease structure with built-in rent bumps, providing a stable income stream. The current Net Operating Income (NOI) is $89,065, resulting in a 7.00% capitalization rate. The asking price is $1,272,000. The property's strategic location near major retailers such as Publix, Sprouts, Walgreens, Chick-fil-A, and Starbucks, further enhances its value. The property also includes a billboard. The area's robust economy, supported by over 196,000 residents and 78,000 employees within the 5-mile trade area, and proximity to Clearwater, Tampa, and St. Petersburg, contribute to its long-term growth potential. This is a low-maintenance investment with minimal landlord responsibilities, further enhanced by Florida's lack of state income tax. The property is part of a thriving retail corridor and benefits from nearby new developments, including a planned 64-unit townhome project.
Property profile
VerifiedCap rate & NOI
Current use
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HVAC Service General Contractor
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Hardware & Home Improvement Home Appliance Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Palm Harbor market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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