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    454 Main St Safety Harbor, FL 34695
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    Property profile & analytics

    454 Main St Safety Harbor, FL 34695

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    • Investment properties
    • 7,342 SF
    • 0.45 lot acres
    For Sale
    $3,999,000
    View Listing →
    Historic Mixed-Use Property on Main For Sale
    $3,999,000
    9,605 SF

    Historic Mixed-Use Property on Main

    Charming mixed-use property in Safety Harbor's vibrant downtown.

    454 MAIN STREET, Safety Harbor, FL 34695
    View Listing
    Property ID
    US18-3253226
    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
    4.8%
    Investment properties
    Location Intelligence

    Current Use by Public Records

    • Harbor Inn on Main / Hotel & Motel
    • Harbor Inn / Hotel & Motel / Bed & Breakfast
    • Accents By Paula / Interior Design / Home Decor Store

    Property Details for 454 Main St

    Year built
    1918
    Construction
    WOOD FRAME
    Lot size
    0.45 lot acres
    Property size
    7,342 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    03-29-16-33372-013-0020
    APU
    32916333720130020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,910,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,520,000
      6.5%
      $1,405,000
      7%
      $1,305,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Safety Harbor
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6919
    Latitude
    27.9905
    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
    $24,816
    $0.00
    $0.00
    $1,450,000
    -
    $1,048,810
    $401,190
    $1,450,000

    Comparable in this City

    • Value Estimation
      $1,430,000
      1,001 SF

      134 5th S Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,001 SF
      134 5th S Ave, Safety Harbor, FL 34695-4031
      View Details
    • Value Estimation
      $1,775,000
      1,760 SF

      308 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,760 SF
      308 Main St, Safety Harbor, FL 34695-3645
      View Details
    • Value Estimation
      $16,805,000
      17,496 SF

      201 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 17,496 SF
      201 Main St, Safety Harbor, FL 34695-3608
      View Details
    • Value Estimation
      $1,660,000
      3,630 SF

      470 2nd N St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,630 SF
      470 2nd N St, Safety Harbor, FL 34695-3600
      View Details
    • Value Estimation
      $1,145,000
      800 SF

      143 7th N Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 800 SF
      143 7th N Ave, Safety Harbor, FL 34695-3538
      View Details
    • Value Estimation
      $2,770,000
      3,680 SF

      324 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,680 SF
      324 Main St, Safety Harbor, FL 34695-3645
      View Details

    Similar Nearby for Sale

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      0.13 Acres

      Safety Harbor Commercial Land Opportunity

      Commercial land with mixed-use potential in Safety Harbor, Florida.
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      Historic Mixed-Use Property on Main

      Charming mixed-use property in Safety Harbor's vibrant downtown.
      454 Main St, Safety Harbor, FL 34695
      View Details
    • $1,299,000
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      Safety Harbor Professional Office Building

      Functional office building in downtown Safety Harbor, steps from Main.
      108 4Th Ave S, Safety Harbor, FL 34695
      View Details
    • $339,000
      0.61 Acres

      Waterview Lot in Safety Harbor

      Premium oversized lot ready for construction with serene water views.
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    • Contact for pricing

      Corner Lot Redevelopment Opportunity

      2.58 acre corner lot with redevelopment potential.
      1885 Cedar St, Safety Harbor, FL 34695
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    Similar Nearby for Lease

    • $34 SF/Yr
      3,498 SF

      Safety Harbor Office Suites Available

      Professional office suites for lease in Safety Harbor, Florida.
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      View Details
    • Contact for pricing

      Charming Commercial Space in Safety Harbor

      Character-rich commercial space in Safety Harbor's Main Street Marketplace District.
      123 2Nd Ave S, Safety Harbor, FL 34695
      View Details
    • Contact for pricing

      Retail Building for Lease

      Proposed 28,000 SF multi-tenant retail building for lease.
      1885 Cedar St, Safety Harbor, FL 34695
      View Details
    • $18,900 /Mo
      800 SF

      Safety Harbor Office/Retail Space

      Office/retail space in Safety Harbor's downtown district.
      531 Main St, Safety Harbor, FL 34695
      View Details
    View Listing
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    Safety Harbor, FL 34695
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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.

    More about this property
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