Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    350 Spg Blvd Tarpon Springs, FL 34689-3249
    Back to Search
    Property profile & analytics

    350 Spg Blvd, Tarpon Springs, FL 34689-3249

    View on Map
    • Specialty properties
    • 7,164 SF
    • 1.20 lot acres
    Off-Market
    Last Sale May 14, 2022
    $1,250,000
    Property ID
    US18-3743176
    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.
    Value Estimations
    $1,265,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • GFWC Woman's Club of Tarpon Springs / Association / Organization
    • Tarpon Springs Yacht Club / Yacht Club
    • Get Up and Go Kayaking - Tarpon Springs / Travel Agency / Tour Operator

    Property Details for 350 Spg Blvd

    Year built
    1954
    Construction
    CONCRETE BLOCKS
    Lot size
    1.20 lot acres
    Property type
    Specialty properties
    APN
    12-27-15-27774-000-0041
    APU
    122715277740000041

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 14, 2022 $1,250,000 Tarpon Springs Yacht Club Incorpora Sebot INC Special Warranty Deed $1M · Whitney Bank
    Sep 26, 2007 — Sebot INC Owner,record Grant Deed · related —
    Mar 20, 2007 $2,000,000 Sebot INC Tarpon Springs Yacht Club INC Warranty Deed —
    Feb 19, 2003 — Tarpon Springs Yacht Club INC — Trustees Deed · related $500k · Madison Bank
    — — Tarpon Springs Yacht Club INC — Deed Of Trust · related $550k · Carol E Martin

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,415,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,275,000
      Market price range: $839k - $2.62M
      AI Estimate
      $1,275,000
      Market price range: $839k - $2.62M

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $1,590,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,990,000
      Change: +25% Conversion: Difficult
      OFFICE BUILDING
      $1,665,000
      Change: +5% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,575,000
      Change: -1% Conversion: Difficult
      RETAIL STORES
      $1,465,000
      Change: -8% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,280,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tarpon Springs
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7643
    Latitude
    28.1504
    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
    $18,011
    $0.00
    $0.00
    $960,000
    -
    $429,867
    $530,133
    $960,000

    Comparable in this City

    • Value Estimation
      $810,000
      5,110 SF

      111 Lime St

      CHARITABLE ORGANIZATION
      111 Lime St, Tarpon Springs, FL 34689-3627
      View Details
    • Value Estimation
      $1,005,000
      8,354 SF

      237 Pinellas Ave

      CHARITABLE ORGANIZATION
      237 Pinellas Ave, Tarpon Springs, FL 34689-3633
      View Details
    • Value Estimation by Request
      3,459 SF

      456 Tarpon Ave

      CREMATORIUM, MORTUARY
      456 Tarpon Ave, Tarpon Springs, FL 34689-4322
      View Details
    • Value Estimation
      $755,000
      6,436 SF

      601 Hope St

      CHARITABLE ORGANIZATION
      601 Hope St, Tarpon Springs, FL 34689-3143
      View Details
    • Value Estimation
      $1,000,000
      5,957 SF

      1254 Pinellas Ave

      CHARITABLE ORGANIZATION
      1254 Pinellas Ave, Tarpon Springs, FL 34689-3720
      View Details
    • Value Estimation by Request
      2,232 SF

      123 Orange St

      CHARITABLE ORGANIZATION
      123 Orange St, Tarpon Springs, FL 34689-3441
      View Details

    Similar Nearby for Sale

    • $399,000
      0.19 Acres

      Waterfront Land in Tarpon Springs

      Waterfront property with potential for custom home construction.
      56 Inness Dr, Tarpon Springs, FL 34689
      View Details
    • Contact for pricing
      5,814 SF

      AYR Wellness Cannabis Dispensary

      Freestanding cannabis dispensary with high visibility and strong demographics.
      41680 Us Highway 19 N, Tarpon Springs, FL 34689
      View Details
    • Contact for pricing
      Pending

      Waterfront Land with Development Potential

      4.88-acre parcel with existing buildings and waterfront views.
      407 Whitcomb Blvd, Tarpon Springs, FL 34689
      View Details
    • $149,000
      0.23 Acres

      Land in Seabreeze Island

      Residential land available in Tarpon Springs, Florida.
      Seabreeze Dr, Tarpon Springs, FL 34689
      View Details
    • $130,000
      0.07 Acres

      Residential Land Near Sponge Dock

      Residential land for sale, close to restaurants and shopping.
      Athens St, Tarpon Springs, FL 34689
      View Details
    • $194,900
      0.49 Acres

      Land Near Harbour Watch

      Large lot near the water, build your dream home!
      N Pointe Alexis Dr, Tarpon Springs, FL 34689
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    350 Spg Blvd
    Tarpon Springs, FL 34689-3249
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    350 Spg Blvd, Tarpon Springs, FL, 34689
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!