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Property profile & analytics
OFF-MARKET Estimated value $2,315,000
Retail space

31541 Us Hwy 19th N Palm Harbor, FL 34684-3724

12,471 SF 1.26 ac lot Built 1985
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-4092689
Property summary
AI-generated overview

This 12,300-square-foot freestanding commercial building in Palm Harbor, Florida, presents a unique redevelopment opportunity for owner-users. Located at 31541 US Hwy 19 N, this single-story, 1985-built structure sits on a 1.263-acre lot zoned CP - Commercial Parkway. The property is currently vacant and offers significant potential for various uses, including storefront, medical office, or traditional office space. Boasting excellent visibility and accessibility with direct frontage on US Highway 19, it benefits from high daily traffic counts (76,000 vehicles per day, per FDOT) and ample parking (5 spaces per 1,000 sq ft). Its strategic location, 1.5 miles north of Countryside Mall, places it within a thriving commercial corridor. The surrounding area boasts a strong demographic profile, with nearly 90,000 people within a three-mile radius and an average household income exceeding $85,000. The asking price is $4,000,000, translating to $325.20 per square foot. This property is for sale by owner and represents a rare chance to acquire a prime commercial asset in a high-demand location. Pylon signage is available.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Construction CONCRETE BLOCKS
Total area 12,471 SF
Lot 1.26 ac (54,995 SF)
APN 07-28-16-00000-430-0110
UPID US18-4092689
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.89M
Comparable Approach Comparable
$2.05M
Blend (final) Blend
$2.32M
Owner & transaction history
1977 LLC · 3 yrs held
1977 LLC
since 2022
Last sale
$2.8M
2 recorded transactions
2022
$2.8M
2003
$1.7M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $3.5M +25.8%
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