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Property profile & analytics
OFF-MARKET
Estimated value
$3,875,000
Strip malls
40741 Us Hwy 19th N, Tarpon Springs, FL 34689-4735
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4121702
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,740 SF
Lot
1.02 ac (44,279 SF)
APN
07-27-16-99612-017-0020
UPID
US18-4121702
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
-
Christopher Teall: Allstate Insurance Insurance Agency
-
Southwest Design Furniture & Home Goods Home Decor Store
-
Smoke Joint Smoke Shop & Hookah Lounge Bar & Pub (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.52M
Comparable Approach
Comparable
$4.92M
Blend (final)
Blend
$3.88M
Owner & transaction history
Florida First Capital Finance Corp · 4 yrs held
Florida First Capital Finance Corp
since 2022
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.1M
+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
$3,700,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,730,000
6.5%
$2,520,000
7%
$2,340,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,090,000
Current use
AUTO REPAIR, GARAGE
$6,105,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$3,425,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$3.88M
Range $3.49M – $4.26M · ±10% · vs last sale $3.60M (Sep 3 2021)
Last sale anchor
$3.60M
Sep 3 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
$263 / 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
$59,848
Tax year 2023
Assessed value
$3,190,000
Assessed 2023
Previous assessed
$3,050,000
+4.6% YoY
Effective rate
1.88%
On assessed value
Land market value
$1,366,687
Improvement market value
$1,823,313
Total market value
$3,190,000
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
7
Total area
14,740 SF
Lot
1.02 ac (44,279 SF)
APN
07-27-16-99612-017-0020
UPID
US18-4121702
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
$4.1M
AUTO REPAIR, GARAGE
Est. value
$6.1M
OFFICE BUILDING
Est. value
$3.4M
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
7
Lot
1.02 ac
Current owner
From public records · entity-resolved
Florida First Capital Finance Corp
Entity
Free & Clear · 4 yrs held
Mailing address
4037 AUSTON WAY, PALM HARBOR, FL 34685-4005
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2022
—
Florida First Capital Finance Corp
M&l Tarpon Springs LLC
Assignment Of Lease (leasehold Sale)
—
Sep 3, 2021
$3,600,000
Levey Land Development LLC
Levey Land Development LLC
Warranty Deed
related
—
Sep 25, 2012
$1,000,000
Levey Land Dev LLC
United Asset Holdings Commerci
Grant Deed
—
Dec 6, 2011
$50,100
United Asset Holdings Coml Ll
Haritos,george S & Edvoxia G Coc
Trustees Deed
related
—
Mar 4, 2005
$1,200,000
E & G Plaza INC
Farren,patricia M
Warranty Deed
$950,000 · Old Harbor Bank
Sep 1, 1984
$947,600
—
—
Grant Deed
related
—
—
—
E & G Plaza INC
—
Deed Of Trust
related
$700,000 · George S & Evdoxia G Haritos
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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