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Property profile & analytics
FOR LEASE
Grocery and convenience stores
41232 Us Highway 19 N, Tarpon Springs, FL 34689
Entity Owned
14-yr Hold
Free & Clear
Property ID
US18-5624467
For Lease
1 / 6
$13,920,000
41232 Us Highway 19 N, Tarpon Springs, FL 34689
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Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
84,152 SF
Lot
7.97 ac (346,986 SF)
APN
12-27-15-89982-034-0100
UPID
US18-5624467
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
-
Walmart Garden Center Garden Center
-
Walmart House Cleaning Services Hardware & Home Improvement
-
Walmart Baby & Nursery Services Social Service Agency Community Center
-
Walmart Home Theater Installation Electrical Service General Contractor
-
Walmart Home Services Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.91M
Blend (final)
Blend
$13.92M
Owner & transaction history
Wal-mart Stores East LP · 14 yrs held
Wal-mart Stores East LP
since 2011
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$19.5M
+13.6%
Warehouse, storage
$18.5M
+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
$17,205,000
Current use
OFFICE BUILDING
$19,545,000
Change: +14% · Conversion: Easy
WAREHOUSE, STORAGE
$18,510,000
Change: +8% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$15,060,000
Change: -12% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$14,715,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$13.92M
Range $12.53M – $15.31M · ±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
$165 / 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
$162,660
Tax year 2023
Assessed value
$8,670,000
Assessed 2023
Previous assessed
$8,440,000
+2.7% YoY
Effective rate
1.88%
On assessed value
Land market value
$3,212,057
Improvement market value
$5,457,943
Total market value
$8,670,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
8
Total area
84,152 SF
Lot
7.97 ac (346,986 SF)
APN
12-27-15-89982-034-0100
UPID
US18-5624467
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
$17.2M
OFFICE BUILDING
Est. value
$19.5M
WAREHOUSE, STORAGE
Est. value
$18.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$15.1M
INDUSTRIAL (GENERAL)
Est. value
$14.7M
RETAIL STORES Current
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
1974
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
8
Lot
7.97 ac
Current owner
From public records · entity-resolved
Wal-mart Stores East LP
Entity
Free & Clear · 14 yrs held
Mailing address
2001 SE 10TH ST, BENTONVILLE, AR 72712-6489
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2011
$6,500,000
Wal-mart Stores East LP
Ddr Tarpon Square LLC
Grant Deed
—
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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