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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    37502 Us Highway 19 Palm Harbor, FL 34684

    • Strip malls
    • 12,980 SF
    • 1.96 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3049382
    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

    • Palace Massage Spa / Alternative Medicine Practice / Spa & Massage Center
    • Palace Spa / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 37502 Us Highway 19

    Year built
    1975
    Construction
    CONCRETE BLOCKS
    Lot size
    1.96 lot acres
    Property size
    12,980 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    30-27-16-89460-000-0171
    APU
    302716894600000171

    Description

    This exceptional Palm Harbor, FL property, located at 37502 US Hwy 19 N, zip code 34684, offers a diverse range of office and retail spaces for lease. The single-building complex, classified as Class B, comprises fifteen suites in total, with 7,000 square feet currently vacant. The available spaces are ideal for businesses seeking flexible and adaptable work environments, ranging from 1500 to 1800 square feet. The building caters to various business needs, accommodating executive offices, medical offices, and traditional office setups. Multiple tenancy options are available, providing flexibility for businesses of all sizes. The property's strategic location in Palm Harbor, Florida, ensures convenient access to major transportation routes and a thriving local community. This presents a unique opportunity for businesses to establish a strong presence in a desirable and accessible location. The property's versatility makes it suitable for a wide range of commercial uses, from medical practices to professional services and retail ventures. With its ample square footage and multiple suite options, this property offers a compelling solution for businesses seeking to expand or relocate in the vibrant Palm Harbor market. Interested parties are encouraged to inquire about available suite sizes and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,965,000
      Market price range: $1.85M - $5.77M
      AI Estimate
      $1,965,000
      Market price range: $1.85M - $5.77M

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Harbor
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7407
    Latitude
    28.1135
    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
    $26,320
    $0.00
    $0.00
    $1,275,000
    -
    $785,342
    $489,658
    $1,275,000

    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
      $1,820,000
      12,200 SF

      36203 Us Hwy 19th N

      SHOPPING CENTER, STRIP CENTER • 12,200 SF
      36203 Us Hwy 19th N, Palm Harbor, FL 34684-1454
      View Details

    Similar Nearby for Sale

    • $1,250,000
      3,692 SF

      US-19 Medical Office Building

      Palm Harbor Medical Office: Move-in Ready
      31581 Us Highway 19, Palm Harbor, FL 34684
      View Details
    • New
      $450,000
      1,175 SF

      Palm Harbor Office For Sale

      Office unit with great location and ample parking available now.
      3830 Tampa Rd, Palm Harbor, FL 34684
      View Details
    • $279,000
      0.37 Acres

      Lake Tarpon Land in Blackstone

      Build your dream home in this exclusive waterfront community.
      Blackstone Dr, Palm Harbor, FL 34684
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    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Retail Outparcels on US Highway

      Retail spaces available for lease with high traffic and visibility.
      33119-33343 Us Highway 19 N, Palm Harbor, FL 34684
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      3,000 SF

      Retail Space in Palm Harbor

      Retail spaces available in a Publix-anchored shopping center.
      33119 Us Highway 19 N, Palm Harbor, FL 34684
      View Details
    • $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
    • Contact for pricing
      13,858 SF

      Palm Harbor Medical Office Space

      Prime Medical Office, 1,770 SF Available
      3370 Tampa Rd, Palm Harbor, FL 34684
      View Details
    • Contact for pricing

      Retail Space in Palm Harbor

      Retail spaces available in a dynamic Palm Harbor location.
      33513 Us Highway 19 N, Palm Harbor, FL 34684
      View Details
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    37502 Us Highway 19
    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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