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    255 104Th Ave Treasure Island, FL 33706

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    Sponsored
    For Sale
    $3,999,900

    Quadruplex - TREASURE ISLAND, FL

    Type:Quadruplex
    Property size:
    7,500 SF
    Lot size:
    0.31 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 26 at 6:06 am

    Property Features for 255 104Th Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Active
    Security features
    Fire Sprinkler System, Security Lighting, Smoke Detector(s)
    Zoning
    RFM-30
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    16
    APN
    23-31-15-91818-001-0190
    Parking features
    Assigned, Carport, Covered, Guest, Underground/Basement
    Pets allowed
    Cats OK, Dogs OK
    Pool private
    1
    Interior features
    Ceiling Fans(s), Coffered Ceiling(s), Eat-in Kitchen, Elevator, Kitchen/Family Room Combo, Window Treatments
    Exterior features
    Paved, Balcony, Lighting, Outdoor Grill, Outdoor Shower, Pool, Dock, Security Lights
    Dock
    1
    Accessibility
    Accessible Elevator Installed
    Appliances
    Dishwasher, Dryer, Range, Refrigerator, Washer
    Size
    7,500 SF
    Lot size
    0.31 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air
    Water front features
    Canal - Saltwater, Waterfront
    Water front
    1

    Building Details

    Year built
    2014
    Number of units
    4
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Building materials
    Concrete, Frame, HardiPlank Type
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    John Chavez

    PEOPLE'S CHOICE REALTY SERVICES LLC

    Listing agent John Chavez License #571766

    Listing date Mar 25, 2026

    MLS# TB8482120 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

    Treasure Island Quadruplex Investment Opportunity

    This property presents an income investment opportunity in Treasure Island Beach, Florida. It features a fully licensed vacation rental building consisting of four units constructed in 2014. Situated on the waters of Boca Ciega Bay, the property is approximately two blocks from the beaches of Treasure Island. Each unit offers approximately 1950 square feet of gross living area, with four bedrooms and 2.5 bathrooms, along with a front and back porch. Exterior features include on-site underground drainage, two retention areas, a heated pool with paved sitting areas, and vinyl fencing along the north and south sides, as well as around the pool area. The front entrance provides additional parking, including an ADA-compliant space, in addition to under-building parking. The pool, outside grills, stoves, tankless water heaters, and dryers in each unit are gas-powered, while all other appliances are electric. The property includes double docks and tie-off cleats along the newer seawall. A boat dock with four boat slips, tie poles, water, and electric are in place along Boca Ciega Bay. The elevated structure is a quality build. The property, with its RFM-30 zoning, sits on a lot of approximately 0.31 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Treasure Island
    County
    Pinellas
    State
    Florida
    Longitude
    -82.765602
    Latitude
    27.769503

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    FAQs

    What type of property is this?
    Quadplex - Licensed vacation rental quadruplex near Treasure Island beaches.
    Where is this quadplex located?
    The property is located at 255 104Th Ave Treasure Island, FL.
    What is the asking price?
    The asking price for this property is $3,999,900.
    What are key features of this property?
    This property features: - Fully licensed vacation rental building with 4 newer units built in 2014, offering immediate income potential.; - Direct waterfront access on Boca Ciega Bay with a private boat dock featuring four slips, water, and electric.; - Each unit boasts approximately 1950 sq ft, 4 bedrooms, 2.5 baths, and both front and back porches.
    (813) 293-4517
    Request Owner's contact information
    255 104Th Ave Treasure Island, FL 33706
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    Treasure Island, FL 33706
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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
    255 104Th Ave Treasure Island, FL 33706
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    Listing Contact
    John Chavez
    Real Estate License ID: 571766
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