Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Apollo Beach Dual-Lot Opportunity Title is generated by Realmo AI

    236 LOOKOUT DRIVE, Apollo Beach, FL 33572

    View on Map
    Claim this Listing
    For Sale
    $180,000

    Land - APOLLO BEACH, FL

    Lot size:
    0.47 Acres
    Added:
    Jan 15, 2026
    Days on Market:
    127
    Last Refresh:
    May 22 at 4:06 pm

    Property Features for 236 LOOKOUT DRIVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PD
    Standard status
    Active
    APN
    U-22-31-19-1TS-000000-F0000.2
    Lot size
    0.47 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1189

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Raphael Hoang

    Listing agent Raphael Hoang License #3427551

    Listing office BRIGHT REALTY 5218 Station Way, Sarasota, FL

    Listing date Jan 15, 2026

    MLS# A4678624 Listing URL

    Copyright © 2026 Sarasota Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Rare dual‑lot property with a buildable residential lot and separate waterfront lot with direct water access.
    • Waterfront lot includes approved county permits and partially installed pylons for a private boat dock.
    • Buildable lot is cleared and ready for construction, with available blueprints for a custom home.
    • Utilities readily available on the residential lot: public sewer, water, electricity, and high‑speed internet.
    • Waterfront lot ideal for RV parking and boat storage, providing private access to the Gulf.
    • Located in the desirable Edgewater Village of Apollo Beach, close to amenities.

    Overview

    This unique offering features two separate parcels combining for approximately 0.47 acres. One lot, measuring 97 x 213, is a buildable, cleared site ready for a custom residence. Blueprints are available for a home designed to fit this lot. It is situated on a paved road with public sewer and water nearby, plus electrical and high-speed internet capability. The second parcel, located directly across the street, provides direct water access. County permits have already been approved for a private dock and electricity box, and several pylons are already installed for a future boat dock. This lot is ideal for parking an RV or securing a boat, providing access to the Gulf. Located in the Edgewater Village subdivision of Apollo Beach, this property is minutes from local amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Apollo Beach
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.3963547
    Latitude
    27.7669709

    Nearby Similar for Sale

    • $845,000
      4,339 SF

      Waterfront Apollo Beach Quadplex

      Fully rented waterfront quadplex in Apollo Beach, Florida.
      1037 APOLLO BEACH BOULEVARD, APOLLO BEACH, FL 33572
      View Details
    • $950,000

      Apollo Beach Residential Development Opportunity

      3.29-acre vacant land parcel suitable for residential development.
      819 GOLF AND SEA BOULEVARD, APOLLO BEACH, FL 33572
      View Details
    • $149,900

      Cleared Lot in Coastal Community

      Ready-to-build residential lot in desirable Apollo Beach, Florida.
      6225 FLAMINGO DRIVE, APOLLO BEACH, FL 33572
      View Details
    • $289,000

      Apollo Beach Vacant Land Homesite

      Oversized lot in gated waterfront community, ready for custom build.
      6432 RUBIA CIRCLE, APOLLO BEACH, FL 33572
      View Details
    • $670,000

      Waterfront Lot in Gated Community

      Oversized waterfront lot in Andalucia, Apollo Beach. Build your dream home!
      6451 RUBIA CIRCLE, APOLLO BEACH, FL 33572
      View Details
    • $549,000
      1,800 SF

      Apollo Beach Live-Work Opportunity

      Live and work in this Apollo Beach property.
      111 MILLER MAC Rd, Apollo Beach, FL 33572
      View Details
    • $180,000

      Apollo Beach Dual-Lot Opportunity

      Two parcels totaling 0.47 acres with residential and waterfront potential.
      236 LOOKOUT DRIVE, APOLLO BEACH, FL 33572
      View Details
    • $348,900

      Apollo Beach Land with Water Access

      Land in Apollo Beach with easy Tampa Bay water access.
      6415 MARBELLA BOULEVARD, APOLLO BEACH, FL 33572
      View Details
    • $165,000

      Residential Land in Golf & Sea

      Homesite in Golf & Sea Village, Apollo Beach, Florida.
      806 GREENVIEW DRIVE, APOLLO BEACH, FL 33572
      View Details
    • $850,000

      Waterfront Quadplex Investment Opportunity

      Fully rented waterfront quadplex with immediate cash flow and upside.
      1037 APOLLO BEACH Blvd D, Apollo Beach, FL 33572
      View Details
    • $250,000

      Oversized Lot in Gated Community

      Large lot in exclusive waterfront community with many amenities.
      6436 RUBIA CIRCLE, APOLLO BEACH, FL 33572
      View Details
    • $229,000

      Apollo Beach Land Opportunity

      Residential land near Surfside Blvd, build your dream home!
      1342 APOLLO BEACH BOULEVARD S, APOLLO BEACH, FL 33572
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two parcels totaling 0.47 acres with residential and waterfront potential.
    Where is this residential land & home lot located?
    The property is located at 236 LOOKOUT DRIVE Apollo Beach, FL.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: Rare dual‑lot property with a buildable residential lot and separate waterfront lot with direct water access.; Waterfront lot includes approved county permits and partially installed pylons for a private boat dock.; Buildable lot is cleared and ready for construction, with available blueprints for a custom home.
    (651) 800-8998
    We can help!
    Listing Contact
    Raphael Hoang
    Real Estate License ID: 3427551
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    236 LOOKOUT DRIVE, APOLLO BEACH, FL 33572
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!