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    Property profile & analytics

    35104 Us Hwy 19th N Palm Harbor, FL 34684-1929

    • Specialty properties
    • 51,027 SF
    • 2.87 lot acres
    OFF-MARKET
    Value Estimations
    $8,360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3262683
    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

    • Academy / Swimming Pool
    • Esporta Fitness / Gym & Fitness Center

    Property Details for 35104 Us Hwy 19th N

    Year built
    1982
    Construction
    CONCRETE BLOCKS
    Lot size
    2.87 lot acres
    Property size
    51,027 SF
    Property type
    Specialty properties
    APN
    31-27-16-00000-310-0200
    APU
    312716000003100200

    Description

    Alderman Plaza, located at 35104 US Hwy 19 N in Palm Harbor, Florida (zip code 34683), presents a compelling retail investment opportunity. This Class B center, totaling 93,487 square feet, boasts a prominent location at the intersection of US Hwy 19 N & Alderman Rd in Pinellas County's Palm Harbor submarket. Built in 1982 and renovated in 2008, the property offers a mix of retail and lifestyle tenants. A significant draw is the presence of an LA Fitness anchor tenant. Currently, approximately 900 square feet of retail space is immediately available, with a minimum divisible space of 900 square feet. The property provides ample parking with 995 spaces for customer convenience. This well-situated center benefits from high visibility and accessibility due to its location on a major highway. The property's strong anchor tenant and available space make it an attractive option for businesses seeking a presence in the thriving Palm Harbor market. The property is situated in Pinellas County, Florida.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,358,000
      Market price range: $5.98M - $18.7M
      AI Estimate
      $8,358,000
      Market price range: $5.98M - $18.7M

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $11,320,000
      Current use
      RETAIL STORES
      $11,260,000
      Change: -1% Conversion: Difficult
      WAREHOUSE, STORAGE
      $11,220,000
      Change: -1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Harbor
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7405
    Latitude
    28.0917
    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
    $119,211
    $0.00
    $0.00
    $6,290,000
    -
    $1,486,159
    $4,803,841
    $6,290,000

    Comparable in this City

    • Value Estimation
      $7,660,000
      20,922 SF

      2675 Tampa Rd

      CHARITABLE ORGANIZATION • 20,922 SF
      2675 Tampa Rd, Palm Harbor, FL 34684-3109
      View Details
    • Value Estimation by Request
      851 SF

      Cyprus Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 851 SF
      Cyprus Dr, Palm Harbor, FL 34684
      View Details
    • Value Estimation by Request
      7,360 SF

      2550 Highlands N Blvd

      CREMATORIUM, MORTUARY • 7,360 SF
      2550 Highlands N Blvd, Palm Harbor, FL 34684-2111
      View Details
    • Value Estimation by Request
      600 SF

      128 Lakeside Dr

      CHARITABLE ORGANIZATION • 600 SF
      128 Lakeside Dr, Palm Harbor, FL 34684-2410
      View Details
    • Value Estimation
      $1,640,000
      8,559 SF

      37490 Us Hwy 19th N

      CHARITABLE ORGANIZATION • 8,559 SF
      37490 Us Hwy 19th N, Palm Harbor, FL 34684-1001
      View Details
    • Value Estimation
      $5,065,000
      13,829 SF

      3850 Tampa Rd

      CHARITABLE ORGANIZATION • 13,829 SF
      3850 Tampa Rd, Palm Harbor, FL 34684-3670
      View Details

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    Similar Nearby for Lease

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      Palm Harbor Office Suites Available

      Prime Office/Retail Space in Palm Harbor, FL
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      Palm Harbor Specialty Property

      Specialty property available for rent in Palm Harbor, Florida.
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    • Contact for pricing

      Retail Space in Palm Harbor

      Retail spaces available in a dynamic Palm Harbor location.
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    • $26 SF/Yr
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      Shared Medical Office Space

      Newly renovated medical office space with shared resources and amenities.
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      Palm Harbor Professional Office Space

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    • Contact for pricing
      1,250 SF

      Retail Space on US-19 N

      Retail space with high visibility and ample parking available for rent.
      33937-33983 Us Highway 19 N, Palm Harbor, FL 34684
      View Details
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    Palm Harbor, FL 34684-1929
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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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