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    Property profile & analytics

    605 Pinellas Ave Tarpon Springs, FL 34689-3707

    • Retail space
    • 14,440 SF
    • 1.71 lot acres
    OFF-MARKET
    Value Estimation
    $5,070,000
    Last Sale
    Sep 15, 2021
    $4,830,000
    Location Intelligence
    Property ID
    US18-5383188
    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.

    Current Use by Public Records

    • Walgreens Pharmacy / Pharmacy
    • Walgreens Photo / Photo Lab / Passport Photo Processor
    • Walgreens / Drug Store / Beauty Supply Store
    • TD Bank ATM / Atm
    • COVID-19 Drive-Thru Testing at Walgreens / Medical Laboratory

    Property Details for 605 Pinellas Ave

    Year built
    2001
    Construction
    CONCRETE BLOCKS
    Lot size
    1.71 lot acres
    Property size
    14,440 SF
    Property type
    Retail space
    APN
    13-27-15-89946-003-0090
    APU
    132715899460030090

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,960,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,150,000
      6.5%
      $4,780,000
      7%
      $4,610,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,705,000
      Geo Method
      $5,345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,645,000
      Retail
      $4,795,000
      Mixed-Use
      $4,285,000
      Hospitality
      $4,190,000
      Educational
      $5,510,000
      Residential Income
      $5,415,000
      Energy
      $4,800,000
      Income-Based Land
      $5,445,000
      Food Service
      $4,545,000

    Location Insight

    • Map
    • Local Demand
    City
    Tarpon Springs
    County
    Pinellas
    State
    Florida
    Longitude
    -82.756
    Latitude
    28.1408
    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
    $53,188
    $0.00
    $0.00
    $2,835,000
    -
    $729,892
    $2,105,108
    $2,835,000

    Comparable in this City

    • Value Estimation by Request
      678 SF

      526 Athens St

      RETAIL STORES (PERSONAL SERVICES) • 678 SF
      526 Athens St, Tarpon Springs, FL 34689-3106
      View Details
    • Value Estimation by Request
      5,323 SF

      41612 Us Hwy 19th N

      RETAIL STORES (PERSONAL SERVICES) • 5,323 SF
      41612 Us Hwy 19th N, Tarpon Springs, FL 34689-5116
      View Details
    • Value Estimation by Request
      15,000 SF

      40528 Us Hwy 19th N

      RETAIL STORES (PERSONAL SERVICES) • 15,000 SF
      40528 Us Hwy 19th N, Tarpon Springs, FL 34689-4822
      View Details
    • Value Estimation by Request
      920 SF

      510 Pinellas Ave

      RETAIL STORES (PERSONAL SERVICES) • 920 SF
      510 Pinellas Ave, Tarpon Springs, FL 34689-3342
      View Details
    • Value Estimation by Request
      4,760 SF

      128 Tarpon Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,760 SF
      128 Tarpon Ave, Tarpon Springs, FL 34689-3452
      View Details
    • Value Estimation by Request
      17,500 SF

      718 Tarpon Ave

      RETAIL STORES (PERSONAL SERVICES) • 17,500 SF
      718 Tarpon Ave, Tarpon Springs, FL 34689-4250
      View Details

    Similar Nearby for Sale

    • $1,300,000

      Tarpon Springs Retail/Office Opportunity

      Mixed-use property near Sponge Docks with retail and office space.
      531 Athens St, Tarpon Springs, FL 34689
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    • $3,750,000

      Redevelopment Site on US Highway

      Redevelopment site suitable for parking, retail, or storage.
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    • $535,000

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      Remodeled two-unit building in Tarpon Springs' urban core.
      419 S Pinellas Ave, Tarpon Springs, FL 34689
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    • $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
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    • $460,000
      1,001 SF

      Versatile Freestanding Office Building

      Freestanding office building near downtown and Sponge Docks.
      1201 N Pinellas Ave, Tarpon Springs, FL 34689
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    Similar Nearby for Lease

    • $46,800

      Retail Space for Lease

      Retail space available for lease in Tarpon Springs, Florida.
      321 N Safford Ave, Tarpon Springs, FL 34689
      View Details
    • $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
    • $20,400

      Retail Space for Lease

      Retail space available for lease in Tarpon Springs, Florida.
      105 E Court St, Tarpon Springs, FL 34689
      View Details
    • Contact for pricing
      2,411 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
    • $5,305 /Mo

      Retail Space on US 19

      Retail space for rent with high traffic and great parking.
      39930 Us Highway 19 N, Tarpon Springs, FL 34689
      View Details
    • $60,000

      Downtown Tarpon Springs Executive Space

      Class A executive space in the urban core.
      116 S Pinellas Ave, Tarpon Springs, FL 34689
      View Details
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    605 Pinellas Ave
    Tarpon Springs, FL 34689-3707
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    Realmo Value Estimation

    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.

    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.

    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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