Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12004 Lagoon Ln Treasure Island, FL 33706

    View on Map
    Sponsored
    Pending
    $1,899,000

    Land - TREASURE ISLAND, FL

    Lot size:
    0.35 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 11 at 4:06 pm

    Property Features for 12004 Lagoon Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    15-31-15-17784-017-0190
    Exterior features
    Level, Paved, Dock
    Dock
    1
    Lot size
    0.35 Acres

    Utilities

    Water front features
    Canal - Saltwater, Canal Front, Gulf/Ocean To Bay, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Shawna Calvert
    Shawna Calvert

    27North Realty (813) 645-4663

    Listing agent Shawna Calvert (813) 645-4663 License #3463049

    Listing date Mar 5, 2026

    MLS# TB8372816 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Waterfront Land on Treasure Island

    This property presents a waterfront opportunity on Treasure Island, consisting of three lots suitable for residential development. The oversized 0.35-acre parcel, measuring 123' x 110', offers possibilities for constructing a single-family home, two luxury single-family homes, three side-by-side townhomes, or up to five stacked condos. Zoned for residential development, the location is near Treasure Island Beach. A shared dock on a saltwater canal includes three deep-water boat slips, providing direct access to Boca Ciega Bay and the Gulf of Mexico via John's Pass. Situated off Gulf Blvd, the property allows convenient access to shopping, dining, sports venues, downtown, and two international airports. This property is suitable for building or waterfront investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Treasure Island
    County
    Pinellas
    State
    Florida
    Longitude
    -82.776915
    Latitude
    27.777536

    Nearby Similar for Sale

    • New
      $950,000
      2,736 SF

      Treasure Island Quadruplex Opportunity

      Quadruplex in Isle of Palms, short walk to Gulf Coast beaches.
      11485 2Nd St E, Treasure Island, FL 33706
      View Details
    • $949,000
      2,044 SF

      Treasure Island Quadplex Investment Opportunity

      Income-producing quadplex near Sunset Beach with redevelopment potential.
      134 86Th Ave, Treasure Island, FL 33706
      View Details
    • $749,000
      2,204 SF

      Renovated Duplex Near Treasure Island Beach

      Fully renovated duplex one block from the beach in Treasure Island.
      11295 1St St E, Treasure Island, FL 33706
      View Details
    • $2,495,000
      3,780 SF

      Treasure Island Boutique Hotel Opportunity

      Charming 10-room boutique hotel near Treasure Island beaches.
      12100 Gulf Blvd, Treasure Island, FL 33706
      View Details
    • $2,900,000
      4,312 SF

      Turnkey Waterfront Treasure Island Quadruplex

      Updated 4-unit building with bay views, pool, and dock.
      125 110Th Ave, Treasure Island, FL 33706
      View Details
    • $2,900,000
      9,294 SF

      Treasure Island Multifamily Waterfront Complex

      Apartment complex in Isle of Capri with intracoastal waterway views.
      275 116Th Ave, Treasure Island, FL 33706
      View Details
    • $4,350,000
      6,424 SF

      Luxury Waterfront Triplex Estate

      Newly constructed, fully furnished waterfront triplex designed for luxury living.
      12400 Capri Cir N, Treasure Island, FL 33706
      View Details
    • $980,000
      2,114 SF

      Treasure Island Airbnb Friendly Triplex

      Treasure Island triplex ready for rentals with water views.
      115 99Th Ave, Treasure Island, FL 33706
      View Details
    • $785,000
      2,992 SF

      Treasure Island Redevelopment Opportunity

      Steps from the Gulf, endless potential for redevelopment.
      265 115Th Ave, Treasure Island, FL 33706
      View Details
    • $725,000

      Beachfront Condo at Sunset Vista

      Two-bedroom condo with resort amenities and rental income potential.
      12000 Gulf Blvd, Treasure Island, FL 33706
      View Details
    • $950,000

      Gulf-Front Condo with Rental Potential

      Fifth-floor condo with Gulf views and strong rental history.
      10116 Gulf Blvd, Treasure Island, FL 33706
      View Details
    • $950,000

      Luxury Condo-Hotel with Gulf Views

      2-bedroom condo-hotel with high occupancy rates and stunning sunsets.
      11500 Gulf Blvd, Treasure Island, FL 33706
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Rare waterfront opportunity to build your dream home!
    Where is this waterfront land located?
    The property is located at 12004 Lagoon Ln Treasure Island, FL.
    What is the asking price?
    The asking price for this property is $1,899,000.
    What are key features of this property?
    This property features: - Rare waterfront property consisting of 3 lots on Treasure Island.; - Oversized 123' x 110' lot with multiple development possibilities.; - Zoned for residential development.
    (509) 294-6818
    Request Owner's contact information
    12004 Lagoon Ln Treasure Island, FL 33706
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12004 Lagoon Ln
    Treasure Island, FL 33706
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    12004 Lagoon Ln Treasure Island, FL 33706
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shawna Calvert
    Shawna Calvert
    Real Estate License ID: 3463049
    (509) 294-6818 (727) 729-0805 (630) 803-8506
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!