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    Boutique Mobile Home Community Title is generated by Realmo AI

    15004 113TH AVENUE, Largo, FL 33774

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    For Sale
    $1,300,000

    Multi-Family 5+ - LARGO, FL

    Property size:
    100 SF
    Lot size:
    0.71 Acres
    Price / SF:
    $13,000/SF
    Added:
    Aug 6, 2025
    Days on Market:
    303
    Last Refresh:
    Jun 4 at 7:06 pm

    Property Features for 15004 113TH AVENUE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-R
    Bedrooms
    440
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Standard status
    Active
    APN
    13-30-14-00000-140-1900
    Size
    100 SF
    Lot size
    0.71 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    20396

    Building Details

    Year built
    1984
    Number of units
    20
    Architectural style
    Other

    We can help!

    Listing Contact
    Richard Koster

    Listing agent Richard Koster License #3475083

    Listing office COASTAL PROPERTIES GROUP INTERNATIONAL 423 Mandalay Ave Ste 102, Clearwater Beach, FL

    Listing date Aug 6, 2025

    MLS# TB8414455 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 in Indian Rocks Beach, a desirable Suncoast town, offering easy access to Tampa and major beaches.
    • Income potential with renovated units, existing renters, and opportunity to add two more units.
    • Boutique community of only 20 residences, providing a quiet, focused management environment.
    • Flexible options for generating income or owner‑occupancy.
    • Proximity to the Intracoastal Waterway and Indian Rocks Beach, offering a relaxed coastal lifestyle.
    • Strong appeal to both seasonal rental and long‑term living markets.

    Overview

    Located steps from the Intracoastal Waterway and a short distance from Indian Rocks Beach, this boutique community known as “The Preserve” comprises 20 mobile-home residences. The property is positioned in a tucked-away beach town just 25 miles from downtown Tampa, nestled between Clearwater and St. Pete Beach. Indian Rocks Beach has emerged as a popular vacation-rental and snowbird hub. The property includes 11 park-owned units, with 10 recently renovated, and 9 lot-only units. There is an opportunity to add two more units, expanding revenue potential. The location provides easy access to Tampa and major beaches. The scale of the community, with just 20 units, is ideal for focused management. The property offers a mix of renovated units and new-to-add slots, with potential for expansion. It appeals to both seasonal rental and long-term living markets, offering a low-rise community, local restaurants, and a mellow beach town ambience. The property is positioned at the intersection of lifestyle and opportunity, offering value to real-estate investors or lifestyle buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.847558
    Latitude
    27.8753

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    FAQs

    What type of property is this?
    Mobile home & RV park - 20-unit mobile home community near Indian Rocks Beach.
    Where is this mobile home & rv park located?
    The property is located at 15004 113TH AVENUE Largo, FL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Prime location in Indian Rocks Beach, a desirable Suncoast town, offering easy access to Tampa and major beaches.; Income potential with renovated units, existing renters, and opportunity to add two more units.; Boutique community of only 20 residences, providing a quiet, focused management environment.
    (727) 423-5101
    We can help!
    Listing Contact
    Richard Koster
    Real Estate License ID: 3475083
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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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