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    Property profile & analytics

    3370 Tampa Rd Palm Harbor, FL 34684

    • Strip malls
    • 12,104 SF
    • 1.39 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2835148
    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

    • Benjamin Moore Paints/Durable Coatings, Inc / Hardware & Home Improvement / Building Supply
    • COLORFUL COATINGS, INC. / Hardware & Home Improvement / Building Supply

    Property Details for 3370 Tampa Rd

    Year built
    1987
    Construction
    CONCRETE BLOCKS
    Lot size
    1.39 lot acres
    Property size
    12,104 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    08-28-16-00000-240-0200
    APU
    82816000002400200

    Description

    Cascades Shopping Center in Palm Harbor, Florida, presents a fantastic opportunity for medical or retail tenants. This 13,858 square foot strip center, located at 3370-3398 Tampa Road (zip code 34684), offers nine suites with ample parking (60 spaces). One immediately available space totals 1,770 square feet, featuring an existing interior build-out suitable for office or medical use, though adaptable for various retail needs. The center boasts a strong history, with some tenants occupying the space for over 34 years, including established businesses like 7-Eleven and Fantastic Sam's. Its strategic location, one mile east of US Highway 19 North at the intersection of Tampa Road and Lake St. George Blvd, ensures high visibility and accessibility. The property benefits from consistent ownership and management since 1987, providing stability and a commitment to tenant satisfaction. Flexible lease terms and competitive rates are available for qualified tenants. This Pinellas County property presents a rare chance to establish a presence in a well-established and thriving commercial center. The property is conveniently located in Palm Harbor, Florida.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,573,000
      Market price range: $1.72M - $5.38M
      AI Estimate
      $2,573,000
      Market price range: $1.72M - $5.38M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,360,000
      Current use
      OFFICE BUILDING
      $3,955,000
      Change: +18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Harbor
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7231
    Latitude
    28.0668
    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
    $31,964
    $0.00
    $0.00
    $1,670,000
    -
    $806,900
    $863,100
    $1,670,000

    Comparable in this City

    • Value Estimation
      $2,235,000
      14,975 SF

      36657 Us Hwy 19th N

      SHOPPING CENTER, STRIP CENTER • 14,975 SF
      36657 Us Hwy 19th N, Palm Harbor, FL 34684-1230
      View Details
    • Value Estimation
      $10,365,000
      45,052 SF

      35801 Us Hwy 19th N

      SHOPPING CENTER, STRIP CENTER • 45,052 SF
      35801 Us Hwy 19th N, Palm Harbor, FL 34684-1556
      View Details
    • Value Estimation
      $1,990,000
      10,000 SF

      32320 Us Hwy 19th N

      SHOPPING CENTER, STRIP CENTER • 10,000 SF
      32320 Us Hwy 19th N, Palm Harbor, FL 34684-3707
      View Details
    • Value Estimation
      $2,455,000
      13,295 SF

      31473 Us Hwy 19th N

      SHOPPING CENTER, STRIP CENTER • 13,295 SF
      31473 Us Hwy 19th N, Palm Harbor, FL 34684-3726
      View Details
    • Value Estimation
      $13,240,000
      35,350 SF

      31988 Us Hwy 19th N

      SHOPPING CENTER, STRIP CENTER • 35,350 SF
      31988 Us Hwy 19th N, Palm Harbor, FL 34684-3730
      View Details
    • Value Estimation
      $10,560,000
      37,170 SF

      35320 Us Hwy 19th N

      SHOPPING CENTER, STRIP CENTER • 37,170 SF
      35320 Us Hwy 19th N, Palm Harbor, FL 34684-1916
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Retail Space in Palm Harbor

      Retail space available in a busy Palm Harbor shopping center.
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      View Details
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      26,170 SF

      Retail Outparcels on US Highway

      Retail spaces available for lease with high traffic and visibility.
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      5,200 SF

      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
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      3,000 SF

      Retail Space in Palm Harbor

      Retail spaces available in a Publix-anchored shopping center.
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      13,858 SF

      Palm Harbor Medical Office Space

      Prime Medical Office, 1,770 SF Available
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    • $16 SF/Yr
      112,526 SF

      Palm Harbor Shops: Retail Space

      High-traffic retail space in Pinellas County.
      35801 Us Highway 19, Palm Harbor, FL 34684
      View Details
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    3370 Tampa Rd
    Palm Harbor, FL 34684
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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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