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Property profile & analytics
FOR LEASE
Manufacturing properties
716 Wesley Ave Tarpon Springs, FL 34689
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4074969
For Lease
1 / 12
Contact for pricing
716 Wesley Ave, Tarpon Springs, FL 34689
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Property summary
AI-generated overview
This Tarpon Springs, FL industrial property offers flexible warehouse space ideal for various businesses. Located at 716 Wesley Ave, this single-story, 22,000 square foot warehouse building, constructed in 1997, sits on 1.26 acres of land and is zoned for heavy industrial use. The property features one building with multiple suites, offering spaces ranging from a minimum of 1,000 square feet to a maximum contiguous space of 2,000 square feet; currently, 2,000 square feet is vacant. The building boasts a 20-foot clear ceiling height, enhancing storage and operational efficiency. Access is provided by one ground-level drive-in door and three 14' x 12' roll-up doors. Interior features include a mezzanine and bathroom. The metal building construction includes a metal roof. Four parking spaces are available. The lease is a NNN lease with a base rent of $10.00 per square foot and NNN expenses of $4.14 per square foot. First, last, and security deposit are required. The property is available immediately. APN: 02-27-15-00978-000-0200.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1997
Construction
FRAME
Total area
22,000 SF
Lot
1.25 ac (54,393 SF)
APN
02-27-15-00978-000-0200
UPID
US18-4074969
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
-
Florida International Fence General Contractor Construction Company
-
Wesley Openers & Springs Tarpon Springs Auto Parts Store
-
Curtis Driveline and Transmissions Auto Repair Shop
-
Affordable Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
$2.91M
Blend (final)
Blend
$2.43M
Owner & transaction history
Wesley Avenue LLC · 4 yrs held
Wesley Avenue LLC
since 2022
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.9M
+2.3%
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
$2,260,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,690,000
6.5%
$2,480,000
7%
$2,305,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,850,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,935,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±10% · vs last sale $2.00M (May 13 2022)
Last sale anchor
$2.00M
May 13 2022
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
$110 / 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
$31,894
Tax year 2023
Assessed value
$1,700,000
Assessed 2023
Previous assessed
$1,700,000
+0.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$538,062
Improvement market value
$1,161,938
Total market value
$1,700,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1997
Construction
FRAME
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
7
Total area
22,000 SF
Lot
1.25 ac (54,393 SF)
APN
02-27-15-00978-000-0200
UPID
US18-4074969
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1997
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
7
Lot
1.25 ac
Current owner
From public records · entity-resolved
Wesley Avenue LLC
Entity
Mailing address
30725 US HWY 19TH N #353, PALM HARBOR, FL 34684-4400
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
May 13, 2022
$2,000,000
Wesley Avenue LLC
Emanuel N Ginnis
Special Warranty Deed
$500,000 · Emanuel Ginnis
Feb 26, 1997
—
M A C G N E T Enterprise INC
Ginnis,nick E
Quit Claim Deed
related
—
—
—
Emanuel N Ginnis
—
Deed Of Trust
related
—
—
—
Emanuel N Ginnis
—
Deed Of Trust
related
$350,000 · Madison Bank
—
—
Emanuel N Ginnis
—
Deed Of Trust
related
$250,000 · Hancock Bank
—
—
Emanuel N Ginnis
—
Deed Of Trust
related
$250,000 · Madison 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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