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    Gulf Front Villas in Indian Shores Title is generated by Realmo AI

    19310 GULF BOULEVARD, Indian Shores, FL 33785

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    For Sale
    $6,990,000

    Commercial Sale, Other - INDIAN SHORES, FL

    Lot size:
    0.30 Acres
    Added:
    Feb 16, 2026
    Days on Market:
    84
    Last Refresh:
    May 11 at 8:06 am

    Property Features for 19310 GULF BOULEVARD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    30-30-15-42804-001-0120
    Lot size
    0.30 Acres

    Utilities

    Cooling system
    Other (Cooling)
    Water front features
    Beach Front|Beach Access

    Building Details

    Year built
    1971
    Roof type
    Other, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Stephen Kepler
    Stephen Kepler

    Listing agent Stephen Kepler

    Listing office Engel & Völkers Belleair 2510 West Bay Drive, Belleair Bluffs, FL

    Listing date Feb 16, 2026

    MLS# TB8410688 Listing URL

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

    HighLights

    • 100 feet of Gulf frontage
    • Zoned for hotel/motel or condominium use
    • Four Gulf‑front villas and five Gulf‑front units
    • Properties have been used as vacation rentals
    • Located in Indian Shores, close to Clearwater Beach and Tampa International Airport
    • Features a 3‑bedroom villa with a 36x11 covered terrace overlooking the beach

    Overview

    Located in Indian Shores, Florida, this property features 100 feet of Gulf frontage. The property at 19310 Gulf Boulevard, zoned for hotel/motel use, includes four Gulf-front villas. These properties have sustained water damage and offer the option to remodel or rebuild. Previously utilized as vacation rentals, the property features two one-bedroom villas on the top floor with views. A three-bedroom, two-bath villa occupies the entire second floor, including a master suite, main living area, and a 36x11 covered terrace. Additionally, there is a two-bedroom villa on the lower level with beach access. The property at 19306 Gulf Boulevard is zoned for condominium use and consists of five units, all with Gulf frontage and views. The entire property was used for seasonal vacation rentals. Indian Shores is located a few miles south of Clearwater Beach and 30 minutes from Tampa International Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Similar Places Nearby

    • The Beach Cottage — 18400 Gulf Blvd, Indian Shores, FL 33785
    • Holiday Villas III — 18610 Gulf Blvd, Indian Shores, FL 33785
    • San remo — 18320 Gulf Blvd, Redington Shores, FL 33708
    • Sand Dollar Condominiums — 18500 Gulf Blvd, Indian Shores, FL 33785
    • Civitan Beach House — 18604 Gulf Blvd, Indian Shores, FL 33785

    Map

    City
    Indian Shores
    County
    Pinellas
    State
    Florida
    Longitude
    -82.845
    Latitude
    27.8852

    FAQs

    What type of property is this?
    Motel - Gulf-front motel property with redevelopment potential in Indian Shores, Florida.
    Where is this motel located?
    The property is located at 19310 GULF BOULEVARD Indian Shores, FL.
    What is the asking price?
    The asking price for this property is $6,990,000.
    What are key features of this property?
    This property features: 100 feet of Gulf frontage; Zoned for hotel/motel or condominium use; Four Gulf‑front villas and five Gulf‑front units
    (727) 647-6696
    We can help!
    Listing Contact
    Stephen Kepler
    Stephen Kepler
    Real Estate License ID: 677118
    Learn More
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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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