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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
Retail space
402 Pinellas Ave Tarpon Springs, FL 34689-3638
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-6287646
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
STEEL FRAME
Total area
8,750 SF
Lot
1.21 ac (52,734 SF)
APN
13-27-15-89946-079-0010
UPID
US18-6287646
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
-
Anytime Fitness Gym & Fitness Center
-
VAN Rental Tarpon Springs - 1Car Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$2.08M
Owner & transaction history
Florida First Capital Finance Corp · 3 yrs held
Florida First Capital Finance Corp
since 2022
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.4M
+35.8%
Office building
$2.0M
+13.6%
Warehouse, storage
$1.9M
+7.6%
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
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
RETAIL STORES
$1,790,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,430,000
Change: +36% · Conversion: Moderate
OFFICE BUILDING
$2,030,000
Change: +14% · Conversion: Easy
WAREHOUSE, STORAGE
$1,925,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,565,000
Change: -12% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,530,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±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
$238 / 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
$24,765
Tax year 2023
Assessed value
$1,320,000
Assessed 2023
Previous assessed
$1,280,000
+3.1% YoY
Effective rate
1.88%
On assessed value
Land market value
$471,399
Improvement market value
$848,601
Total market value
$1,320,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Construction
STEEL FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
4
Total area
8,750 SF
Lot
1.21 ac (52,734 SF)
APN
13-27-15-89946-079-0010
UPID
US18-6287646
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
RETAIL STORES Current
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
2012
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
4
Lot
1.21 ac
Current owner
From public records · entity-resolved
Florida First Capital Finance Corp
Entity
Free & Clear · 3 yrs held
Mailing address
420 PINEAPPLE ST, TARPON SPRINGS, FL 34689-3547
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
—
Florida First Capital Finance Corp
Cornett Group Tarpon LLC
Assignment Of Lease (leasehold Sale)
—
Feb 3, 2022
—
Hl402 Properties LLC
—
Deed
related
$637,300 · Bankunited NA
Feb 12, 2018
$1,550,000
Hl402 Properties LLC
Cecere Ents LLC
Warranty Deed
$1,395,000 · Cecere Ents LLC
Jan 3, 2013
$12,075
Cecere Ents LLC
Rkm Tarpon LLC
Warranty Deed
related
$1,293,750 · Mutual Of Omaha Bank
Oct 18, 2011
$445,000
Rkm Tarpon LLC
Reo Royal INC
Warranty Deed
$1,105,000 · Regions Bank
May 3, 2011
—
Reo Royal INC
Scofield,hazel M
Quit Claim Deed
related
—
Jan 26, 1998
$485,000
Reo Royal INC
Scofield,hazel
Grant Deed
—
—
—
Reo Royal INC
—
Deed Of Trust
related
$1,212,613 · Old Harbor Bank
—
—
Reo Royal INC
—
Deed Of Trust
related
$2,300,000 · Old Harbor 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.
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