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Property profile & analytics
OFF-MARKET
Estimated value
$8,360,000
Specialty properties
35104 Us Hwy 19th N Palm Harbor, FL 34684-1929
Entity Owned
18-yr Hold
Free & Clear
Property ID
US18-3262683
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1982
Construction
CONCRETE BLOCKS
Total area
51,027 SF
Lot
2.87 ac (125,231 SF)
APN
31-27-16-00000-310-0200
UPID
US18-3262683
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
-
Academy Swimming Pool
-
Esporta Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.36M
Blend (final)
Blend
$8.36M
Owner & transaction history
Alderman Group LLC · 18 yrs held
Alderman Group LLC
since 2007
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
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
Blend value · Realmo final
$8.36M
Range $7.52M – $9.20M · ±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
$164 / 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
$119,211
Tax year 2023
Assessed value
$6,290,000
Assessed 2023
Previous assessed
$6,075,000
+3.5% YoY
Effective rate
1.90%
On assessed value
Land market value
$1,486,159
Improvement market value
$4,803,841
Total market value
$6,290,000
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1982
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
17
Total area
51,027 SF
Lot
2.87 ac (125,231 SF)
APN
31-27-16-00000-310-0200
UPID
US18-3262683
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$11.3M
RETAIL STORES
Est. value
$11.3M
WAREHOUSE, STORAGE
Est. value
$11.2M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1982
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
17
Lot
2.87 ac
Current owner
From public records · entity-resolved
Alderman Group LLC
Entity
Free & Clear · 18 yrs held
Mailing address
7201 1ST AVE S, SAINT PETERSBURG, FL 33707-1101
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2007
$3,700,000
Alderman Group LLC
National Retail Properties INC
Special Warranty Deed
—
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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