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    Renovated Office Condo Near Beach Title is generated by Realmo AI

    150 153RD AVE, Madeira Beach, FL 33708

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    For Lease
    $2,530/Mo $23 SF/Yr (calc)

    Office - MADEIRA BEACH, FL

    Type:Office
    Property size:
    1,300 SF
    Lot size:
    0.30 Acres
    Added:
    Oct 6, 2023
    Days on Market:
    971
    Last Refresh:
    Jun 2 at 3:06 pm

    Property Features for 150 153RD AVE

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    09-31-15-63991-000-0030
    Size
    1,300 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    2700

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1981
    Building materials
    Stone
    Architectural style
    Other

    We can help!

    Listing Contact
    Anne Hensel

    Listing agent Anne Hensel License #652174

    Listing office SOUTH BEACHES REAL ESTATE 150 153rd Ave #202, madeira beach, FL

    Listing date Oct 6, 2023

    MLS# U8216417 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.

    HighLights

    • Prime location: Half a block from Gulf Blvd and the beaches.
    • Completely renovated office condo, move‑in ready.
    • Bright corner unit with floor‑to‑ceiling windows and ample natural light.
    • Includes one assigned under‑building parking space plus additional unassigned parking.
    • Walking distance to grocery store, pharmacy, hotels, bars, shopping centers, and restaurants.
    • Secure building with elevator access to the second‑floor unit.

    Overview

    This renovated office condo is located a half block from Gulf Boulevard and the beaches. The corner unit features floor-to-ceiling windows providing natural light and Brazilian cherry hardwood floors. The layout includes an entrance and reception area, one large office, five smaller offices, and a storage room. One assigned under-building parking space is included, with additional unassigned, uncovered parking spaces available. The unit is on the second floor and accessible via an elevator. The building is secure. Nearby amenities within walking distance include a grocery store, pharmacy, hotels, bars, shopping centers, and restaurants. The property is move-in ready.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Madeira Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.803141
    Latitude
    27.804383

    Nearby Similar for Lease

    • $28 SF/Yr
      1,140 SF

      Renovated Retail Space in Madeira

      Retail space available in renovated center near Madeira Beach.
      14995 Gulf Blvd, Madeira Beach, FL
      View Details
    • $2,530/Mo
      1,300 SF

      Renovated Office Condo Near Beach

      Bright, renovated office condo near the beach with ample amenities.
      150 153RD AVE, MADEIRA BEACH, FL 33708
      View Details
    • Contact for pricing

      Waterfront Retail Space in Johns Pass

      Prime retail space in Pinellas County's top tourist attraction.
      111 Boardwalk Pl W, Madeira Beach, FL 33708
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    FAQs

    What type of property is this?
    Office units - Renovated office condo near the beach with ample amenities.
    Where is this office units located?
    The property is located at 150 153RD AVE Madeira Beach, FL.
    What is the lease rate?
    The lease rate is $2,530 /Mo.
    What are key features of this property?
    This property features: Prime location: Half a block from Gulf Blvd and the beaches.; Completely renovated office condo, move‑in ready.; Bright corner unit with floor‑to‑ceiling windows and ample natural light.
    (727) 410-7777
    We can help!
    Listing Contact
    Anne Hensel
    Real Estate License ID: 652174
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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.

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