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Property profile & analytics
FOR LEASE
Office buildings
35111 Us Highway 19 N Palm Harbor, FL 34684
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-9188812
For Lease
1 / 3
$288 SF/Yr
35111 Us Highway 19 N, Palm Harbor, FL 34684
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,263 SF
Lot
2.41 ac (105,032 SF)
APN
31-27-16-00000-420-0310
UPID
US18-9188812
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
-
Palm Harbor Professional Center Business Service Center Corporate Office
-
Penn-Tampa TMS Wellness Center Medical Clinic
-
Law Office of Paul H Bowen P.A. Law Firm
-
Donnelly Robert MD Physician
-
Full Circle Orthopedics Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.02M
Blend (final)
Blend
$8.02M
Owner & transaction history
35111 Us Highway 19 N LLC · 9 yrs held
35111 Us Highway 19 N LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.9M
+26.8%
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
OFFICE BUILDING
$10,215,000
Current use
AUTO REPAIR, GARAGE
$12,945,000
Change: +27% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,680,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$8.02M
Range $7.21M – $8.82M · ±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
$256 / 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
$66,193
Tax year 2023
Assessed value
$3,500,000
Assessed 2023
Previous assessed
$3,350,000
+4.5% YoY
Effective rate
1.89%
On assessed value
Land market value
$773,967
Improvement market value
$2,726,033
Total market value
$3,500,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
3
Bathrooms
11
Total area
31,263 SF
Lot
2.41 ac (105,032 SF)
APN
31-27-16-00000-420-0310
UPID
US18-9188812
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
OFFICE BUILDING Current
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$12.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Bathrooms
11
Lot
2.41 ac
Current owner
From public records · entity-resolved
35111 Us Highway 19 N LLC
Entity
Mailing address
18167 US HWY 19TH N STE #450, CLEARWATER, FL 33764-6574
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2017
$3,400,000
35111 Us Highway 19 N LLC
Offer Eight LLC
Warranty Deed
—
Jan 4, 2017
—
Make Us An Offer Eight LLC
—
Deed
related
$2,500,000 · Mcreif Subreit LLC
Nov 28, 2006
$3,700,000
Make Us An Offer Eight LLC
Palm Grove Props Land Trust
Grant Deed
$2,700,000 · Column Financial INC
Jan 26, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Oct 14, 2004
—
Grove Properties Land Palm
Patrick,brian R & Celia
Warranty Deed
related
—
Jan 17, 2003
$28,910
Brian Patrick
Dynacs Properties INC
Grant Deed
$2,212,500 · Premier Community Bank Florida
Aug 5, 1997
$2,400,000
Dynacs Properties INC
Sanan INC
Grant Deed
$2,025,000 · Mercantile Bank
—
—
Brian Patrick
—
Deed Of Trust
related
$59,000 · Klein & Heuchan INC
—
—
Make Us An Offer Eight LLC
—
Deed Of Trust
related
$2,500,000 · Mcreif Subreit LLC
—
—
Grove Properties Land Palm
—
Deed Of Trust
related
$100,000 · Colonial Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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