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    41232 Us Highway 19 N Tarpon Springs, FL 34689
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    Property profile & analytics

    41232 Us Highway 19 N Tarpon Springs, FL 34689

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    • Grocery and convenience stores
    • 84,152 SF
    • 7.97 lot acres
    For Lease
    $13,920,000
    View Listing →
    Retail Center Shadow Anchored by Walmart For Lease
    $13,920,000
    25,622 SF

    Retail Center Shadow Anchored by Walmart

    Retail spaces available in Tarpon Springs, Florida.

    41232 US Hwy 19 N, Tarpon Springs, FL
    View Listing
    Property ID
    US18-5624467
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 41232 Us Highway 19 N

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.97 lot acres
    Property size
    84,152 SF
    Property type
    Grocery and convenience stores
    APN
    12-27-15-89982-034-0100
    APU
    122715899820340100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $15,909,000
      Market price range: $9.19M - $22.5M
      AI Estimate
      $11,929,000
      Market price range: $5.19M - $19.8M

    • 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

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tarpon Springs
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7429
    Latitude
    28.1471
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $162,660
    $0.00
    $0.00
    $8,670,000
    -
    $3,212,057
    $5,457,943
    $8,670,000

    Comparable in this City

    • Value Estimation
      $2,400,000
      3,840 SF

      1215 Gulf Rd

      CONVENIENCE STORE • 3,840 SF
      1215 Gulf Rd, Tarpon Springs, FL 34689-2535
      View Details
    • Value Estimation
      $830,000
      1,437 SF

      4 Pinellas Ave

      CONVENIENCE STORE • 1,437 SF
      4 Pinellas Ave, Tarpon Springs, FL 34689-3446
      View Details
    • Value Estimation
      $1,870,000
      3,784 SF

      1199 Pinellas Ave

      CONVENIENCE STORE • 3,784 SF
      1199 Pinellas Ave, Tarpon Springs, FL 34689-3717
      View Details
    • Value Estimation
      $5,880,000
      3,519 SF

      38611 Us Hwy 19th N

      CONVENIENCE STORE • 3,519 SF
      38611 Us Hwy 19th N, Tarpon Springs, FL 34689-9406
      View Details
    • Value Estimation
      $940,000
      894 SF

      801 Pinellas Ave

      CONVENIENCE STORE • 894 SF
      801 Pinellas Ave, Tarpon Springs, FL 34689-3347
      View Details
    • Value Estimation
      $5,640,000
      4,488 SF

      1001 Tarpon Ave

      CONVENIENCE STORE • 4,488 SF
      1001 Tarpon Ave, Tarpon Springs, FL 34689-5437
      View Details

    Similar Nearby for Sale

    • $1,350,000
      Pending

      Gas Station and Store For Sale

      Prime real estate: gas station, store, and leasable space.
      4 S Pinellas Ave, Tarpon Springs, FL 34689
      View Details
    • Contact for pricing
      1,437 SF

      Gas Station and Storefront Property

      Prime real estate with gas station, store, and leasable space.
      4 S Pinellas Ave, Tarpon Springs, FL 34689
      View Details
    • $995,950
      1,377 SF

      Gas Station, Repair Shop, Store

      Established gas station, auto repair shop, and convenience store for sale.
      1941 S Pinellas Ave, Tarpon Springs, FL 34689
      View Details
    • $615,000
      3,550 SF

      Restored Commercial Space in Tarpon

      Historic building in downtown Tarpon Springs, ideal for various businesses.
      131 Hibiscus St, Tarpon Springs, FL 34689
      View Details
    • $399,000
      1,001 SF

      Freestanding Office Building Near Downtown

      Versatile office building near downtown Tarpon Springs and Sponge Docks.
      1201 N Pinellas Ave, Tarpon Springs, FL 34689
      View Details
    • $750,000
      2,422 SF

      Landmark Mixed-Use Building For Sale

      Landmark commercial building in downtown Tarpon Springs with live-work space.
      312 E Tarpon Ave, Tarpon Springs, FL 34689
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo
      600 SF

      Retail/Office Space on US Hwy

      Two 600 SF units available in well-maintained Tarpon Springs center.
      40417 Us Highway 19 N, Tarpon Springs, FL 34689
      View Details
    • Contact for pricing
      1,669 SF

      Renovated Retail Plaza For Rent

      Newly renovated retail plaza with high visibility and accessibility.
      713-1081 S Pinellas Ave, Tarpon Springs, FL 34689
      View Details
    • Contact for pricing

      Historic Tarpon Springs Shell Space

      4,700 SF shell space in Tarpon Springs' Sponge Docks.
      508 Athens St, Tarpon Springs, FL 34689
      View Details
    • Contact for pricing

      Tarpon Springs Industrial/Warehouse Space

      22,000 SF industrial/warehouse space available for lease now!
      716 Wesley Ave, Tarpon Springs, FL 34689
      View Details
    • Contact for pricing

      Tarpon Springs Retail Space Available

      Recently renovated retail space in high-traffic Tarpon Springs location.
      39040 Us Highway 19 N, Tarpon Springs, FL 34689
      View Details
    View Listing
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    Tarpon Springs, FL 34689
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    41232 Us Highway 19 N, Tarpon Springs, FL, 34689
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