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

    14111 W Parsley Dr Madeira Beach, FL 33708

    View on Map
    Sponsored
    For Sale
    Pending
    $454,900

    Triplex - MADEIRA BEACH, FL

    Type:Triplex
    Property size:
    1,518 SF
    Lot size:
    0.18 Acres
    Days on Market:
    26
    Last Refresh:
    Mar 6 at 12:06 am

    Property Features for 14111 W Parsley Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Pending
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    10-31-15-34470-024-0120
    Interior features
    Ninguno, Open Floorplan
    Exterior features
    Dog Run, Garden, Sliding Doors
    Size
    1,518 SF
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1948
    Number of units
    3
    Flooring type
    Tile
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Kennel/Dog Run

    We can help!

    Listing Contact
    Ty Lamthach

    Dalton Wade, Inc. (727) 888-4175

    Listing agent Ty Lamthach (888) 668-8283 License #3445208

    Listing date Feb 9, 2026

    MLS# TB8422877 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

    Madeira Beach Triplex Investment Opportunity

    This triplex in Madeira Beach, Florida, presents an investment opportunity. The property experienced flood damage and is being sold AS-IS. It offers potential for renovation or rebuilding. Previously a rental property, it is located minutes from the Gulf of Mexico, beaches, dining, and entertainment. The property is situated in a prime Madeira Beach location with access to John's Pass, shopping, and restaurants. Surrounded by high-value homes, the property is located on a lot of 0.18 acres and has a property size of 1518 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Madeira Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.790556
    Latitude
    27.799549

    Nearby Similar for Sale

    • $799,000
      0.14 Acres

      Waterfront Lot in Madeira Beach

      Cleared waterfront lot with new dock and boat lift.
      14607 N Bayshore Dr, Madeira Beach, FL 33708
      View Details
    • New
      $849,000
      Pending

      Madeira Beach Quadruplex Investment Opportunity

      Four cottages near the Gulf, offering rental or redevelopment potential.
      13136 4Th St E, Madeira Beach, FL 33708
      View Details
    • $399,000
      755 SF

      Turnkey Madeira Beach Investment Opportunity

      Fully renovated, furnished vacation rental near Madeira Beach Yacht Club.
      179 Medallion Blvd, Madeira Beach, FL 33708
      View Details
    • New
      $620,000
      1,557 SF

      Remodeled Duplex Near Madeira Beach

      Remodeled duplex near Madeira Beach with two rental streams.
      14040 Miramar Ave, Madeira Beach, FL 33708
      View Details
    • $799,900
      2,196 SF

      Renovated Duplex Near Madeira Beach

      Rare, renovated duplex with a 4-bedroom unit near the beach.
      14000 Miramar Ave, Madeira Beach, FL 33708
      View Details
    • $449,900
      1,352 SF

      Madeira Beach Duplex Near Beach

      Duplex in prime location, steps from the beach. Cash only.
      13434 1St St E, Madeira Beach, FL 33708
      View Details
    • $694,999
      1,790 SF

      Renovated Duplex Near Madeira Beach

      Renovated duplex near John's Pass Village and Madeira Beach.
      175 133Rd Ave E, Madeira Beach, FL 33708
      View Details
    • $275,000
      Pending

      MADEIRA BEACH Duplex Development Opportunity

      Duplex property steps from the beach with development potential.
      13230 Boca Ciega Ave, Madeira Beach, FL 33708
      View Details
    • $1,347,000
      2,806 SF

      Madeira Beach Waterfront Quadruplex

      Fully occupied quadruplex with waterfront access in Madeira Beach.
      117 140Th Ave E, Madeira Beach, FL 33708
      View Details
    • $1,700,000
      Pending

      Madeira Beach Multi-Family Investment

      Eight-unit property in Madeira Beach, ideal for short-term rentals.
      14715 Gulf Blvd, Madeira Beach, FL 33708
      View Details
    • $3,000,000
      1,354 SF

      Mixed-Use Property in Madeira Beach

      Mixed-use property in John’s Pass Village with redevelopment potential.
      13062 Gulf Blvd, Madeira Beach, FL 33708
      View Details
    • $859,000
      2,040 SF

      MADEIRA BEACH Multi-Family Investment

      Multi-family property near beach, great investment opportunity.
      100 144Th Ave, Madeira Beach, FL 33708
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex in Madeira Beach, sold AS-IS, offering renovation potential.
    Where is this triplex located?
    The property is located at 14111 W Parsley Dr Madeira Beach, FL.
    What is the asking price?
    The asking price for this property is $454,900.
    What are key features of this property?
    This property features: - Prime Madeira Beach location, minutes from the Gulf of Mexico, beaches, dining, and entertainment.; - Investment opportunity with potential to rebuild or renovate the existing triplex.; - Strong income potential based on previous rental history.
    (941) 877-8677
    Request Owner's contact information
    14111 W Parsley Dr Madeira Beach, FL 33708
    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.
    14111 W Parsley Dr
    Madeira Beach, FL 33708
    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
    14111 W Parsley Dr Madeira Beach, FL 33708
    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
    Ty Lamthach
    Real Estate License ID: 3445208
    (941) 877-8677 (888) 668-8283 (813) 416-6342
    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!