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    14715 Gulf Blvd Madeira Beach, FL 33708

    Sponsored
    For Sale
    Pending
    $1,700,000

    Multi-Family 5+ - MADEIRA BEACH, FL

    Property size:
    345 SF
    Lot size:
    0.20 Acres
    Days on Market:
    27
    Last Refresh:
    Feb 23 at 8:06 pm

    Property Features for 14715 Gulf Blvd

    General Information

    Special listing conditions
    Real Estate Owned
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Real Estate Owned
    Standard status
    Pending
    Zoning
    R3
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    APN
    09-31-15-65715-001-0020,004, 006
    Pets allowed
    Yes
    Interior features
    Ninguno
    Exterior features
    Balcony
    Size
    345 SF
    Lot size
    0.20 Acres

    Utilities

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

    Building Details

    Year built
    1934
    Number of units
    10
    Building materials
    Block, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Tim Johnson
    Tim Johnson

    Waterfront Realty (727) 224-6856

    Listing agent Tim Johnson (727) 224-6856 License #3189705

    Listing date Jan 28, 2026

    MLS# TB8456440 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 Multi-Family Investment

    Located in Madeira Beach, this bank-owned property features eight units within a ten-unit complex. The property is zoned R-3, which allows for nightly rentals, making it suitable for vacation rentals, Airbnb, or short-term leasing strategies. The property experienced flooding during recent storms, and the lower units will require restoration. The remaining two units are owned individually and may be purchased separately. Prior to the storms, the complex generated rental income due to its location near John's Pass Village & Boardwalk. This waterfront attraction offers boating, fishing charters, dolphin tours, waterfront dining, shopping, entertainment, and access to the Gulf beaches. Madeira Beach is known for tourism, a limited supply of nightly rental properties, and year-round visitor traffic, making renovated short-term rentals desirable. The property is situated on a 0.2-acre lot. The property is suited for investors looking to restore and modernize a multi-unit property in a coastal market with the ability to generate short-term rental income. Seller financing may be available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Real Estate Agency Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Madeira Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.798815
    Latitude
    27.79939

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit property in Madeira Beach, ideal for short-term rentals.
    Where is this apartment building located?
    The property is located at 14715 Gulf Blvd Madeira Beach, FL.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Rare opportunity to acquire 8 units in a 10-unit complex in the highly desirable Madeira Beach.; - Significant value-add potential through restoration of lower units damaged by flooding.; - Zoned R-3 allowing nightly rentals, ideal for vacation rentals, Airbnb, or short-term leasing.
    (727) 224-6856
    Request Owner's contact information
    14715 Gulf Blvd Madeira Beach, FL 33708
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    Madeira Beach, FL 33708
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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
    14715 Gulf Blvd Madeira Beach, FL 33708
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    We can help!
    Listing Contact
    Tim Johnson
    Tim Johnson
    Real Estate License ID: 3189705
    (727) 224-6856 (727) 320-9283
    Learn more
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