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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Investment properties
53 Tarpon Ave Tarpon Springs, FL 34689-3431
Entity Owned
9-yr Hold
Property ID
US18-1392760
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
2,532 SF
Lot
0.19 ac (8,089 SF)
APN
12-27-15-77796-711-0050
UPID
US18-1392760
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
-
Alpha Fiber Inc Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$495k
Blend (final)
Blend
$510k
Owner & transaction history
Fpk Properties LLC · 9 yrs held
Fpk Properties LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$705,000
+71.4%
Office building
$590,000
+43.4%
Warehouse, storage
$555,000
+35.8%
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
COMMERCIAL (GENERAL)
$410,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$705,000
Change: +71% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: +43% · Conversion: Easy
WAREHOUSE, STORAGE
$555,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$520,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$201 / 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
$5,628
Tax year 2023
Assessed value
$300,000
Assessed 2023
Previous assessed
$285,000
+5.3% YoY
Effective rate
1.88%
On assessed value
Land market value
$138,673
Improvement market value
$161,327
Total market value
$300,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
1
Bathrooms
3
Total area
2,532 SF
Lot
0.19 ac (8,089 SF)
APN
12-27-15-77796-711-0050
UPID
US18-1392760
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
COMMERCIAL (GENERAL) Current
Est. value
$410,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$705,000
OFFICE BUILDING
Est. value
$590,000
WAREHOUSE, STORAGE
Est. value
$555,000
RETAIL STORES
Est. value
$520,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
WAREHOUSE, STORAGE
RETAIL STORES
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
1900
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
1
Bathrooms
3
Lot
0.19 ac
Current owner
From public records · entity-resolved
Fpk Properties LLC
Entity
Mailing address
623 E TARPON AVE, TARPON SPRINGS, FL 34689-4201
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2017
$300,000
Fpk Properties LLC
Tagarelli LLC
Special Warranty Deed
$166,159 · Cadence Bank NA
Jul 16, 2013
—
Tagarelli LLC
Tagarelli Construction INC
Correction Deed
related
$225,000 · Branch Banking And Trust Co
Apr 2, 2007
—
Tagarelli LLC
Tagarelli Construction INC
Quit Claim Deed
—
Nov 5, 2002
$125,000
Tagarelli Construction INC
Koris,kaliopi
Grant Deed
—
—
—
Tagarelli Construction INC
—
Deed Of Trust
related
$39,991 · Pinellas County Board Commissi
—
—
Tagarelli Construction INC
—
Deed Of Trust
related
$150,000 · Amsouth Bank
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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