495 Brady Rd Tarpon Springs, FL 34689-4245
Property Lookup
Property profile & analytics
495 Brady Rd Tarpon Springs, FL 34689-4245
- Industrial land
- 0.66 lot acres
Property ID
US18-2424297
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.
Location Intelligence
Current Use by Public Records
- Kaku Kayak / Corporate Office
- Unique Custom Upholstery / Furniture & Home Goods
- LNMC ENTERPRISE, LLC / General Contractor
- Rd Electrical Marine / Marine Engineer
Property Details for 495 Brady Rd
- Lot size
- 0.66 lot acres
- Property type
- Industrial land
- APN
- 02-27-15-75760-002-0200
- APU
- 22715757600020200
Description
This exceptional investment opportunity presents a stabilized, Class A industrial park in Tarpon Springs, Florida. The property comprises three modern, single-story buildings totaling 72,000 square feet, each featuring 24,000 square feet of net rentable space. Currently boasting 100% occupancy with 33 tenants across 32 units, the park offers a strong current NOI of $609,175 and a 4.41% cap rate. Significant value-add potential exists due to a low weighted average lease term (WALT), with numerous leases up for renegotiation in the near future, projecting a pro-forma NOI of $914,000 and a 6.62% pro-forma cap rate. The park features 34 loading docks and 24-foot ceiling heights. Built in 2023, the buildings showcase a blend of masonry and metal construction, demonstrating exceptional storm resilience, having withstood recent hurricanes without damage. The property also includes a man-made pond, enhancing its aesthetic appeal. Further expansion opportunities exist with pre-approved plans for an additional 20,250-square-foot building and nearly 100,000 square feet of adjacent land available for development. This fee-simple offering is priced at $13,800,000, representing a price per square foot of $191.67. The property's prime location in the rapidly growing Southwest Florida market, coupled with its high-quality construction and significant upside potential, makes it an attractive investment.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Tarpon Springs
- County
- Pinellas
- State
- Florida
- Longitude
- -82.767
- Latitude
- 28.1669
- 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
$2,377
$0.00
$0.00
$266,793
-
$266,793
$0.00
$266,793
