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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    720 Florida Ave Palm Harbor, FL 34683-5475

    • Manufacturing properties
    • 22,800 SF
    • 3.03 lot acres
    OFF-MARKET
    Last Sale
    Jun 19, 2023
    $2,200,000
    Value Estimations
    $2,345,000
    Show details
    Cap Rate Potential
    7.2%
    Manufacturing properties
    Location Intelligence
    Property ID
    US18-2694148
    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

    • Manufacturing properties

    Property Details for 720 Florida Ave

    Year built
    1962
    Construction
    STEEL FRAME
    Lot size
    3.03 lot acres
    Property size
    22,800 SF
    Property type
    Manufacturing properties
    APN
    10-28-15-12816-022-0001
    APU
    102815128160220001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,330,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,785,000
      6.5%
      $2,570,000
      7%
      $2,390,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,383,000
      Market price range: $2.38M - $6.58M
      AI Estimate
      $2,383,000
      Market price range: $2.38M - $6.58M

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

    Location Insight

    • Map
    • Local Demand
    City
    Palm Harbor
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7744
    Latitude
    28.0654
    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
    $22,205
    $0.00
    $0.00
    $1,145,000
    -
    $618,100
    $526,900
    $1,145,000

    Comparable in this City

    • Value Estimation
      $1,285,000
      11,760 SF

      611 Florida Ave

      MANUFACTURING (LIGHT) • 11,760 SF
      611 Florida Ave, Palm Harbor, FL 34683-5405
      View Details
    • Value Estimation
      $670,000
      5,400 SF

      4159 Corporate Ct

      MANUFACTURING (LIGHT) • 5,400 SF
      4159 Corporate Ct, Palm Harbor, FL 34683-1480
      View Details
    • Value Estimation
      $815,000
      7,800 SF

      255 Hedden Ct

      MANUFACTURING (LIGHT) • 7,800 SF
      255 Hedden Ct, Palm Harbor, FL 34683-5464
      View Details
    • Value Estimation by Request
      12,000 SF

      910 Ohio Ave

      MANUFACTURING (LIGHT) • 12,000 SF
      910 Ohio Ave, Palm Harbor, FL 34683-4215
      View Details
    • Value Estimation
      $780,000
      5,604 SF

      700 Tampa Rd

      MANUFACTURING (LIGHT) • 5,604 SF
      700 Tampa Rd, Palm Harbor, FL 34683-5454
      View Details
    • Value Estimation
      $520,000
      1,800 SF

      299 Bear Rdg Cir

      MANUFACTURING (LIGHT) • 1,800 SF
      299 Bear Rdg Cir, Palm Harbor, FL 34683
      View Details

    Similar Nearby for Sale

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      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
    • $175,000

      Waterfront Lot in Crystal Bay

      Vacant waterfront lot in a tranquil Palm Harbor community.
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    • $309,900
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      Residential Lot in Private Community

      Residential lot in Palm Harbor, build your dream home!
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    • $425,000
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      Palm Harbor Land Opportunity

      Land in Palm Harbor, build your dream home near the coast.
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      View Details
    • New
      $599,000
      0.16 Acres

      Waterfront Lot with Gulf Access

      Build-ready waterfront lot with sailboat access and existing dock.
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    • $1,450,000

      Palm Harbor Development Opportunity

      Cleared 2-acre vacant lot in desirable Palm Harbor location.
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    Similar Nearby for Lease

    • 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
    • $58,800

      Turn-Key Restaurant Opportunity in Palm Harbor

      2000 SF equipped restaurant space for lease in Palm Harbor.
      1458 1458, Palm Harbor, FL 34683
      View Details
    • $2,100 /Mo

      Palm Harbor Office Space Available

      Office space for lease in Palm Harbor, Florida.
      36750 Us Highway 19 N 4-209, Palm Harbor, FL 34683
      View Details
    • $45,120

      Palm Harbor Medical Office Space

      Medical office space for rent in established Palm Harbor plaza.
      2855 Alt 19, Palm Harbor, FL 34683
      View Details
    • $1,200 /Mo
      7,267 SF

      Remodeled Executive Office Suites For Rent

      Move-in-ready, ADA-compliant office suites in prime Palm Harbor location.
      2385 Tampa Rd, Palm Harbor, FL 34683
      View Details
    • $24 SF/Yr
      1,450 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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    720 Florida Ave
    Palm Harbor, FL 34683-5475
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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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