Technical
Financial
Distress signals
Property profile

4949 Ridgemoor Blvd Palm Harbor, FL 34685

FOR LEASE
Banks
Property ID
US18-2515403
3,445 SF 1.44 ac lot Built 2004
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional redevelopment opportunity presents a 3,445 square foot vacant office building situated on a substantial 1.44-acre lot in Palm Harbor, Florida. Located at 4949 Ridgemoor Blvd, this single-story, 2004-built property is priced at $1,500,000 ($302.05/SF). The property boasts RPD251 zoning, offering flexibility for various business ventures. Its prime location is adjacent to a Publix Neighborhood Center and across from a Starbucks, ensuring high visibility and convenient access. The property's proximity to Eastlake High School (with over 2,300 students) further enhances its appeal. Surrounding home values reach up to $1 million, indicating a strong and affluent neighborhood. The acquisition process is streamlined with a 60-day due diligence period and a 30-day closing window. Furthermore, there are no financial user restrictions for 24 months, and all-cash offers are accepted without contingencies. This presents a compelling investment opportunity in a thriving in-fill area. The Pinellas County property (APN: U-02-28-17-ZZZ-000000-25740.1) offers significant potential for redevelopment and strong return on investment. The property's size and location make it an ideal candidate for a variety of commercial uses.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2004
Construction CONCRETE BLOCKS
Total area 3,445 SF
Lot 1.44 ac (62,940 SF)
APN 27-27-16-50016-000-0010
UPID US18-2515403

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm Bank
  • Atm
  • Financial Advisor

Location

4949 Ridgemoor Blvd Palm Harbor, FL 34685
Palm Harbor metro Census 27333 TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.93M
Blend (final) Blend
$630k

Owner & transaction history

since 2025
Last sale
$1.4M
4 recorded transactions
2025
$1.4M
2003
$850,000
2001
$510,000
2000
$1.3M

Zoning & alternative use

Top alternative use upside
Commercial (general) $2.1M +28.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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