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Financial
Distress signals
Property profile

40489 Us Hwy 19th N Tarpon Springs, FL 34689

OFF-MARKET
Turn key restaurants
Property ID
US18-9566811
4,575 SF 0.79 ac lot Built 2020
Last sale May 2022 · $2,857,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 40489 US Hwy 19 N, Tarpon Springs, Florida is a freestanding restaurant building constructed in 2020, totaling approximately 4,500 square feet and built to an IHOP prototype design. The site is operated under a ground lease structure associated with an IHOP absolute NNN arrangement. The location falls within the Tampa–St. Petersburg–Clearwater MSA.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$34k
Tax billed · 2023
Assessed value$1.81M
Effective rate1.88%

Value estimate

· Oct 2026
$3.23M
$2.91M – $3.55M
Submarket $/SF estimate$3.27M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$566/SF
County average, outlier-cleaned · 139 recorded sales of this use type
Observed band · Q1–Q3$271 – $970
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPINELLAS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.5
Auto Parts Store14.9
Parking Facility13.8

Location

40489 Us Hwy 19th N Tarpon Springs, FL 34689-4835
County assessor Recorded deeds · 5 transfers 6 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
125 Klosterman, Tarpon Springs, FL 34689-1933 $1,400,000 May 2025 4,639 SF
501 Pinellas, Tarpon Springs, FL 34689-3341 $800,000 Apr 2025 4,245 SF
530 Athens, Tarpon Springs, FL 34689-3106 $12,100 Oct 2024 3,429 SF
118 Orange, Tarpon Springs, FL 34689-3442 $680,000 Sep 2024 3,069 SF
301 Pinellas, Tarpon Springs, FL 34689-3635 $3,000,000 Feb 2023 4,812 SF
10 Pinellas, Tarpon Springs, FL 34689-3446 $245,000 May 2022 3,122 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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