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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    32700 Us Hwy 19th N Palm Harbor, FL 34684-3119

    • Banks
    • 4,857 SF
    • 1.13 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2024
    $1,650,000
    Value Estimations
    $1,650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-1983465
    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

    • Valley Bank ATM / Atm
    • 1st United Bank / Bank / Loan Service

    Property Details for 32700 Us Hwy 19th N

    Year built
    1979
    Construction
    CONCRETE BLOCKS
    Lot size
    1.13 lot acres
    Property size
    4,857 SF
    Property type
    Banks
    APN
    07-28-16-00000-210-2000
    APU
    72816000002102000

    Description

    This exceptional 4,552 square foot retail property, situated on a 1.13-acre lot in the thriving Palm Harbor submarket of Pinellas County, presents a unique leasing opportunity. Currently offering ±2,668 square feet of vacant space, this single-story, Class B building was constructed in 1979 and features a convenient drive-thru. The property boasts 18 total parking spaces, easily accessible from both US Highway 19 and Tampa Road, providing excellent ingress and egress. The zoning is CP. The property's prime location benefits from high visibility and traffic counts, with an average annual daily traffic volume of 85,500 vehicles on US Highway 19. This second-generation bank space is ideally suited for a variety of uses, including coffee shops, quick-service restaurants (QSRs), and other retail businesses. The property shares cross parking with neighboring centers, enhancing convenience for customers. Strong co-tenancy includes well-established businesses such as Century 21, Chick-fil-A, Fitness 360, Ferrari of Tampa Bay, Starbucks, and PNC Bank. Prominent pylon signage ensures high visibility from the heavily trafficked US Highway 19. The property's address is 32700 US Hwy 19, and its Pinellas County APN is 07-28-16-00000-210-2000. This is a rare opportunity to secure a well-located retail space in a high-traffic area with strong co-tenancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,650,000
      ML approach
      $1,650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,567,000
      Market price range: $1.20M - $3.52M
      AI Estimate
      $1,567,000
      Market price range: $1.20M - $3.52M

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $2,355,000
      Current use
      AUTO REPAIR, GARAGE
      $2,010,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Harbor
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7396
    Latitude
    28.0695
    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
    $17,541
    $0.00
    $0.00
    $940,000
    -
    $304,903
    $635,097
    $940,000

    Comparable in this City

    • Value Estimation
      $1,590,000
      3,414 SF

      35320 Us Hwy 19th N

      FINANCIAL BUILDING • 3,414 SF
      35320 Us Hwy 19th N, Palm Harbor, FL 34684-1916
      View Details
    • Value Estimation
      $2,945,000
      4,242 SF

      30500 Us Hwy 19th N

      FINANCIAL BUILDING • 4,242 SF
      30500 Us Hwy 19th N, Palm Harbor, FL 34684-4435
      View Details
    • Value Estimation
      $2,275,000
      4,577 SF

      33805 Us Hwy 19th N

      FINANCIAL BUILDING • 4,577 SF
      33805 Us Hwy 19th N, Palm Harbor, FL 34684-2641
      View Details
    • Value Estimation
      $3,315,000
      5,048 SF

      35098 Us Hwy 19th N

      FINANCIAL BUILDING • 5,048 SF
      35098 Us Hwy 19th N, Palm Harbor, FL 34684-1927
      View Details
    • Value Estimation
      $2,395,000
      4,063 SF

      32491 Us Hwy 19th N

      FINANCIAL BUILDING • 4,063 SF
      32491 Us Hwy 19th N, Palm Harbor, FL 34684-3706
      View Details
    • Value Estimation
      $4,670,000
      11,928 SF

      32845 Us Hwy 19th N

      FINANCIAL BUILDING • 11,928 SF
      32845 Us Hwy 19th N, Palm Harbor, FL 34684-3123
      View Details

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    Similar Nearby for Lease

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      Palm Harbor Retail/Restaurant Space

      Retail and restaurant spaces available in Palm Harbor, Florida.
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      Retail Spaces Near Trader Joe's

      Retail spaces available in a high-traffic shopping center.
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      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
    • $18 SF/Yr
      2,800 SF

      Retail Space in Palm Harbor

      High-visibility retail space in a strong retail corridor.
      38501-38583 Us Highway 19, Palm Harbor, FL 34684
      View Details
    • $74,400

      Remodeled Palm Harbor Commercial Space

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      Palm Harbor Commercial Space Available

      Office and retail spaces for rent in Palm Harbor.
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      View Details
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    Palm Harbor, FL 34684-3119
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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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