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Property profile & analytics
OFF-MARKET
Estimated value
$5,045,000
Office buildings
40351 Us Hwy 19th N Tarpon Springs, FL 34689-4854
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-3137598
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Construction
CONCRETE BLOCKS
Total area
33,300 SF
Lot
4.83 ac (210,595 SF)
APN
18-27-16-89424-000-0134
UPID
US18-3137598
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
-
HDAV Telecommunications Service
-
All Seasons Cooling & Heating HVAC Service General Contractor
-
HIGHPOINT POWER WASHING, LLC Commercial Cleaning Service
-
Coast Floor & Tile Group Hardware & Home Improvement Carpet & Flooring Store
-
Elite Auto & Marine Upholstery Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.89M
Blend (final)
Blend
$5.05M
Owner & transaction history
Pjw Big 19 LLC · 5 yrs held
Pjw Big 19 LLC
since 2021
Last sale
$3.3M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,390,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,735,000
Current use
WAREHOUSE, STORAGE
$7,325,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$6,810,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$5.05M
Range $4.54M – $5.55M · ±10% · vs last sale $3.30M (Jul 9 2021)
Last sale anchor
$3.30M
Jul 9 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
$152 / 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
$64,257
Tax year 2023
Assessed value
$3,425,000
Assessed 2023
Previous assessed
$3,300,000
+3.8% YoY
Effective rate
1.88%
On assessed value
Land market value
$1,308,740
Improvement market value
$2,116,260
Total market value
$3,425,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1987
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Bathrooms
30
Total area
33,300 SF
Lot
4.83 ac (210,595 SF)
APN
18-27-16-89424-000-0134
UPID
US18-3137598
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
OFFICE BUILDING Current
Est. value
$7.7M
WAREHOUSE, STORAGE
Est. value
$7.3M
RETAIL STORES
Est. value
$6.8M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
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
1987
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Bathrooms
30
Lot
4.83 ac
Current owner
From public records · entity-resolved
Pjw Big 19 LLC
Entity
Mailing address
3204 ALT 19, PALM HARBOR, FL 34683-1934
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2021
$3,300,000
Pjw Big 19 LLC
John T Mcenery
Warranty Deed
$2,000,000 · Flagship Bank
Mar 10, 1999
$3,042,500
John T Mcenery
Fischer Corp Tarpon
Grant Deed
$2,300,000 · Amsouth Bank
—
—
John T Mcenery
—
Loan Modification
related
$1,218,603 · Wells Fargo Bk
—
—
John T Mcenery
—
Loan Modification
related
$1,486,048 · Wells Fargo 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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