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    38791 Us Hwy 19th N Tarpon Springs, FL 34689-9409
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    Property profile & analytics

    38791 Us Hwy 19th N, Tarpon Springs, FL 34689-9409

    View on Map
    • Mobile home & RV parks
    • 2,275 SF
    • 15.47 lot acres
    Off-Market
    Property ID
    US18-5042582
    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
    $10,820,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tarponaire Mobile Home Park / Campground & RV Park
    • Bearhunter / Publishing House

    Property Details for 38791 Us Hwy 19th N

    Year built
    1971
    Construction
    CONCRETE BLOCKS
    Lot size
    15.47 lot acres
    Property type
    Mobile home & RV parks
    APN
    19-27-16-89442-000-0140
    APU
    192716894420000140

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 6, 2020 — Breit Skyhaven Mhc LLC — Deed · related $324.6M · Walker & Dunlop
    Jul 24, 2019 — Breit Tarponaire Mhc LLC — Loan Modification · related $30.6M · Walker & Dunlop
    Apr 18, 2019 $4,548,800 Breit Tarponaire Mhc LLC Shamrock Redwood Tarponaire Ll Grant Deed —
    Jul 20, 2016 $7,189,790 Shamrock Redwood Tarponaire Ll Shamrock Tarponaire LLC Grant Deed $4.6M · * Other Institutional Lenders
    Jul 2, 2015 $6,300,000 Shamrock Tarponaire LLC Tarponaire Mobile Home Park In Grant Deed $4.6M · Cantor Com'l R/e Lndg
    — — Tarponaire Mobile Hm Park INC — Deed Of Trust · related $2.8M · Bay Cities Bank
    — — Breit Skyhaven Mhc LLC — Deed Of Trust · related $324.6M · Walker & Dunlop
    — — Tarponaire Mobile Hm Park INC — Deed Of Trust · related $72k · Bay Cities Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,819,000
      Market price range: $3.59M - $13.9M
      AI Estimate
      $10,819,000
      Market price range: $3.59M - $13.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tarpon Springs
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7379
    Latitude
    28.1247
    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
    $124,411
    $0.00
    $0.00
    $6,200,000
    -
    $4,715,082
    $1,484,918
    $6,200,000

    Comparable in this City

    • Value Estimation
      $1,910,000
      504 SF

      40110 Us Hwy 19th N

      MOBILE HOME PARK, TRAILER PARK
      40110 Us Hwy 19th N, Tarpon Springs, FL 34689-8330
      View Details
    • Value Estimation
      $4,160,000
      1,414 SF

      1181 Anclote Rd

      MOBILE HOME PARK, TRAILER PARK
      1181 Anclote Rd, Tarpon Springs, FL 34689-6642
      View Details
    • Value Estimation
      $8,900,000
      2,499 SF

      799 Klosterman Rd

      MOBILE HOME PARK, TRAILER PARK
      799 Klosterman Rd, Tarpon Springs, FL 34689-7900
      View Details
    • Value Estimation
      $3,490,000
      1,750 SF

      403 Riverside Dr, Unit 70

      MOBILE HOME PARK, TRAILER PARK
      403 Riverside Dr, Tarpon Springs, FL 34689-2570
      View Details
    • Value Estimation
      $32,110,000
      6,235 SF

      505 Anclote Blvd

      MOBILE HOME PARK, TRAILER PARK
      505 Anclote Blvd, Tarpon Springs, FL 34689-6800
      View Details
    • Value Estimation
      $28,180,000
      4,612 SF

      39248 Us Hwy 19th N

      MOBILE HOME PARK, TRAILER PARK
      39248 Us Hwy 19th N, Tarpon Springs, FL 34689-7901
      View Details

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      Income-Producing Duplex in Tarpon Springs

      Well-maintained duplex in a desirable Pinellas County location.
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    • Contact for pricing
      980 SF

      Waterfront Condo with Gulf Views

      Two-bedroom condo with Gulf views, pool, and community amenities.
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    Similar Nearby for Lease

    • Contact for pricing

      Flexible Office/Warehouse Space Available

      5,000 SF flexible space in Tarpon Springs business park.
      40351 Us Highway 19 N, Tarpon Springs, FL 34689
      View Details
    • Contact for pricing
      2,040 SF

      Updated Office Space For Rent

      Renovated office space with ample parking near downtown.
      419 S Pinellas Ave, Tarpon Springs, FL 34689
      View Details
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    Tarpon Springs, FL 34689-9409
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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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