Property profile

39920 Us Highway 19 N 39920 Tarpon Springs, FL 34689

FOR LEASE
Strip malls
Property ID
US18-2319044
9,000 SF 2.68 ac lot Built 1980
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Savion Center, located at 39920 US Hwy 19 N in Tarpon Springs, Florida, offers 44,000 square feet of versatile commercial space. This single-story, fully remodeled plaza boasts a prime location with over 70,000 cars passing daily, providing excellent visibility and accessibility from US Highway 19. The property features a mix of traditional, medical, creative, and executive office spaces, suitable for a variety of businesses. Units range from a minimum of 1,000 square feet to a maximum contiguous space of 20,000 square feet, with a total of 15 suites. Currently, 20,000 square feet is available. The 2.75-acre site includes ample parking. Built in 1980 and extensively renovated in 2023, the building offers modern amenities. Its convenient location near the Tarpon Springs Sponge Docks and major hospitals makes it an attractive option for businesses seeking a thriving market. Tenant improvement allowances are available, contingent upon tenant credit and lease term. The property is situated in Pinellas County, within the Tampa submarket and Tarpon Springs submarket cluster, and has a 34689 zip code. No elevators are present. The property type includes retail, office, and restaurant uses.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1980
Construction CONCRETE BLOCKS
Total area 9,000 SF
Lot 2.68 ac (116,841 SF)
APN 18-27-16-89424-000-0490
UPID US18-2319044

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement Building Supply

Location

39920 Us Highway 19 N 39920 Tarpon Springs, FL 34689
Tarpon Springs metro Census 27404 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.39M
Blend (final) Blend
$2.42M

Owner & transaction history

since 2021
Last sale
$2.4M
2 recorded transactions
2021
$2.4M
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $3.7M +49.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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