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Property profile & analytics
OFF-MARKET
Estimated value
$2,570,000
Strip malls
39920 Us Hwy 19th N, Tarpon Springs, FL 34689-8337
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-2319044
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Sherwin-Williams Commercial Paint Store Hardware & Home Improvement Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.39M
Blend (final)
Blend
$2.57M
Owner & transaction history
Tarpon Sk Realty LLC · 4 yrs held
Tarpon Sk Realty LLC
since 2021
Last sale
$2.4M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.7M
+49.2%
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 Tarpon Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tarpon Springs 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
$2,415,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,500,000
Current use
AUTO REPAIR, GARAGE
$3,725,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$2,090,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$2.57M
Range $2.31M – $2.83M · ±10% · vs last sale $2.35M (Oct 28 2021)
Last sale anchor
$2.35M
Oct 28 2021
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
$286 / 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
$41,204
Tax year 2023
Assessed value
$2,200,000
Assessed 2023
Previous assessed
$1,995,000
+10.3% YoY
Effective rate
1.87%
On assessed value
Land market value
$1,072,185
Improvement market value
$1,127,815
Total market value
$2,200,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1980
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Bathrooms
7
Total area
9,000 SF
Lot
2.68 ac (116,841 SF)
APN
18-27-16-89424-000-0490
UPID
US18-2319044
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$3.7M
OFFICE BUILDING
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1980
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
7
Lot
2.68 ac
Current owner
From public records · entity-resolved
Tarpon Sk Realty LLC
Entity
Mailing address
13640 CARRYBACK DR, DADE CITY, FL 33525-6278
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2021
$2,350,000
Tarpon Sk Realty LLC
Network III Ltd
Warranty Deed
$3,000,000 · South State Bank NA
—
—
Era Network New III
—
Deed Of Trust
related
—
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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