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    Property profile & analytics

    612 Florida Ave Palm Harbor, FL 34683-5459

    • Warehouses
    • 6,000 SF
    • 3.01 lot acres
    OFF-MARKET
    Value Estimations
    $2,040,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-9503245
    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

    • Apheresis Technologies / Medical Supply Store
    • North Pinellas RV Storage / Storage Facility
    • Auto Glass Replacement & Windshield Repair of Ozona / Auto Repair Shop / (Bike/Boat/Book/etc) Store
    • Ridge Pro Roofing / Roofing Company / General Contractor
    • Gorilla Netting / General Contractor

    Property Details for 612 Florida Ave

    Year built
    1982
    Construction
    STEEL FRAME
    Lot size
    3.01 lot acres
    Property size
    6,000 SF
    Property type
    Warehouses
    APN
    10-28-15-12816-022-0009
    APU
    102815128160220009

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,040,000
      Market price range: $778k - $2.04M
      AI Estimate
      $2,040,000
      Market price range: $778k - $2.04M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,320,000
      Current use
      RESTAURANT
      $3,400,000
      Change: +158% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,485,000
      Change: +88% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,665,000
      Change: +26% Conversion: Moderate
      RETAIL STORES
      $1,325,000
      Change: +0% Conversion: Moderate
      OFFICE BUILDING
      $1,270,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Harbor
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7752
    Latitude
    28.0649
    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
    $30,695
    $0.00
    $0.00
    $1,410,000
    -
    $487,398
    $922,602
    $1,410,000

    Comparable in this City

    • Value Estimation
      $3,945,000
      11,600 SF

      4875 Alt 19

      WAREHOUSE, STORAGE • 11,600 SF
      4875 Alt 19, Palm Harbor, FL 34683-1217
      View Details
    • Value Estimation
      $2,680,000
      7,880 SF

      3010 Alt 19

      MINI-WAREHOUSE, STORAGE • 7,880 SF
      3010 Alt 19, Palm Harbor, FL 34683-1929
      View Details
    • Value Estimation
      $3,240,000
      18,960 SF

      4190 Corporate Ct

      WAREHOUSE, STORAGE • 18,960 SF
      4190 Corporate Ct, Palm Harbor, FL 34683-1419
      View Details
    • Value Estimation
      $645,000
      2,880 SF

      704 Tampa Rd

      WAREHOUSE, STORAGE • 2,880 SF
      704 Tampa Rd, Palm Harbor, FL 34683-5454
      View Details
    • Value Estimation
      $515,000
      1,530 SF

      290 Dempsey Rd

      WAREHOUSE, STORAGE • 1,530 SF
      290 Dempsey Rd, Palm Harbor, FL 34683-5205
      View Details
    • Value Estimation
      $1,530,000
      9,000 SF

      4490 Alt 19

      WAREHOUSE, STORAGE • 9,000 SF
      4490 Alt 19, Palm Harbor, FL 34683-1410
      View Details

    Similar Nearby for Sale

    • $238,000
      0.44 Acres

      Palm Harbor Vacant Commercial Land

      C2-zoned land in Palm Harbor with development potential.
      Robin Ave, Palm Harbor, FL 34683
      View Details
    • $850,000
      0.32 Acres

      Cleared Land Ready for Builders

      Cleared land in a private community with utilities on site.
      117 Carlyle Dr, Palm Harbor, FL 34683
      View Details
    • $599,000
      0.16 Acres

      Waterfront Lot with Gulf Access

      Build-ready waterfront lot with sailboat access and existing dock.
      303 Morningside Dr, Palm Harbor, FL 34683
      View Details
    • $309,900
      Pending

      Residential Lot in Private Community

      Residential lot in Palm Harbor, site development scheduled for March 2026.
      1289 Almaria Ct, Palm Harbor, FL 34683
      View Details
    • $175,000

      Waterfront Lot in Crystal Bay

      Vacant waterfront lot in a tranquil Palm Harbor community.
      18 Yawl Ln, Palm Harbor, FL 34683
      View Details
    • Contact for pricing
      Pending

      Spacious Townhome with Garage

      Move-in ready, 3 bed, 2.5 bath townhome with garage.
      4596 Pleasant Ave, Palm Harbor, FL 34683
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Spacious Light Industrial Warehouse

      5500 sq ft warehouse with 18-foot clearance and loading dock.
      1901 Progress Ct, Palm Harbor, FL 34683
      View Details
    • Contact for pricing

      Retail Space on US 19

      Retail center with high visibility and traffic exposure on US 19.
      33330 Us Highway 19 N, Palm Harbor, FL 34683
      View Details
    • Contact for pricing
      19,133 SF

      Retail Space in Palm Harbor

      Retail space available in an ALDI anchored neighborhood center.
      1310 Tampa Rd, Palm Harbor, FL 34683
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space with Drive-Thru Potential

      Retail property for lease with drive-thru potential, completion in 2020.
      2609 Alt 19, Palm Harbor, FL 34683
      View Details
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    612 Florida Ave
    Palm Harbor, FL 34683-5459
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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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