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Property profile & analytics
OFF-MARKET
Estimated value
$3,910,000
Office buildings
32050 Us Hwy 19th N Palm Harbor, FL 34684-3711
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-3639659
Property summary
AI-generated overview
This exceptional two-story office building, totaling 15,338 square feet, presents a compelling investment opportunity. Situated on a 1.7-acre lot in Palm Harbor, Florida (34684), this property boasts a prime location on US Highway 19 N, benefiting from high visibility and significant traffic volume (80,000 AADT). The building, constructed in 1985, is classified as Class C and currently vacant, offering a blank canvas for a new owner. Zoned CP (Commercial Planned), it's suitable for various professional uses, including creative, medical, or traditional office spaces. Ample parking is available with 91 spaces. The asking price is $3,299,000, representing a price per square foot of $215.09. The property features approximately 250 feet of frontage on US 19 N, maximizing visibility and accessibility. The Pinellas County property (APN: 07-28-16-00000-310-0400) consists of a single unit and offers significant potential for a variety of businesses seeking a prominent location with high traffic exposure. This is a for-sale-by-owner opportunity.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Construction
CONCRETE BLOCKS
Total area
15,248 SF
Lot
1.72 ac (74,962 SF)
APN
07-28-16-00000-310-0400
UPID
US18-3639659
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
-
Blink Charging Station Electric Vehicle Charging Station
-
Dr Mines Ophthalmologist
-
Hertz Car Rental Car Rental Facility
-
Adams Effie Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$3.91M
Owner & transaction history
32050 U S Hwy Palm Harbor LLC · 1 yrs held
32050 U S Hwy Palm Harbor LLC
since 2025
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.3M
+26.8%
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 Palm Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palm Harbor 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,980,000
Current use
AUTO REPAIR, GARAGE
$6,315,000
Change: +27% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,235,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.91M
Range $3.52M – $4.30M · ±10%
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
$256 / 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
$29,617
Tax year 2023
Assessed value
$1,525,000
Assessed 2023
Previous assessed
$1,400,000
+8.9% YoY
Effective rate
1.94%
On assessed value
Land market value
$980,781
Improvement market value
$544,219
Total market value
$1,525,000
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
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1985
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Bathrooms
7
Total area
15,248 SF
Lot
1.72 ac (74,962 SF)
APN
07-28-16-00000-310-0400
UPID
US18-3639659
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
$5.0M
AUTO REPAIR, GARAGE
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1985
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
7
Lot
1.72 ac
Current owner
From public records · entity-resolved
32050 U S Hwy Palm Harbor LLC
Entity
Mailing address
5327 COMMERCIAL WAY UNIT C113, SPRING HILL, FL 34606-1420
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2025
$2,850,000
32050 U S Hwy Palm Harbor LLC
32050 Us Highway 19 LLC
Warranty Deed
$2,934,000 · First Savings Bank
Sep 29, 2023
—
32050 Us Highway 19 LLC
—
Deed
related
$150,000,000 · Regions Bank
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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