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    7700 Boca Ciega Dr St Pete Beach, FL 33706

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    Sponsored
    For Sale
    $1,149,000

    Triplex - ST PETE BEACH, FL

    Type:Triplex
    Property size:
    2,421 SF
    Lot size:
    0.16 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 21 at 2:06 pm

    Property Features for 7700 Boca Ciega Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Security features
    Security System, Smoke Detector(s)
    Zoning
    CC-1
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    36-31-15-77994-225-0081
    Parking features
    Driveway, Open
    Pets allowed
    Yes
    Interior features
    Built-in Features, Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Window Treatments
    Exterior features
    Level, Paved, Awning(s), Courtyard, French Doors, Rain Gutters, Sprinkler Metered, Storage
    Appliances
    Cooktop, Dishwasher, Dryer, Garbage Disposer, Ice Maker, Microwave, Range, Refrigerator, Washer
    Size
    2,421 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Ductless, Multi Units

    Building Details

    Year built
    1924
    Number of units
    3
    Flooring type
    Carpet, Laminate, Tile, Wood
    Building materials
    Frame, Stucco
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Jane Mccroary
    Jane Mccroary

    RE/MAX Action First

    Listing agent Jane McCroary License #3342992

    Listing date Mar 20, 2026

    MLS# TB8417734 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

    Updated Triplex Investment Opportunity

    This triplex in St. Pete Beach, Florida, presents an investment opportunity in a location near shops, public transportation, restaurants, and beaches, as well as the St. Pete Beach Community and Aquatic Center. The property has undergone updates and renovations, including structural reinforcement of the foundation, a fresh coat of exterior paint, and a new roof. The property includes three separate residential units with a total of 5 bedrooms and 4 bathrooms. Unit 1, the largest at 1,373 square feet, is located on the ground floor and features a fireplace and architectural details. The kitchen includes stainless steel appliances and quartz countertops atop luxury vinyl flooring. The unit is filled with natural light and includes a bonus room. A dedicated patio is available out front. Unit 2 is accessed upstairs and features an open-air balcony with pergola, and access to this 2 bedroom/1 bath unit. The bedroom window offers a water view towards the Intracoastal. Unit 3, on the ground floor, is a 1 bedroom/1 bath unit with updates similar to Unit 1. Units 2 and 3 share an outdoor space surrounded by tropical landscape. The property also has a large free-standing shed and an irrigation system. Each unit is furnished. St Pete Beach requires a 30-day minimum rental period per local ordinance. The location provides access to beaches, shops, dining options, Corey Avenue, and transportation options. Downtown St. Petersburg is less than 30 minutes away, and Tampa International Airport is 45 minutes away during off hours. The Pinellas Trail is nearby, and Sarasota, Tampa, Dunedin, and Tarpon Springs are within easy reach. The lot size is 0.16 acres, and the property size is 2,421 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    St Pete Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.750334
    Latitude
    27.744938

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    FAQs

    What type of property is this?
    Triplex - St. Pete Beach triplex with assumable mortgage and recent updates.
    Where is this triplex located?
    The property is located at 7700 Boca Ciega Dr St Pete Beach, FL.
    What is the asking price?
    The asking price for this property is $1,149,000.
    What are key features of this property?
    This property features: - TRIPLEX INVESTMENT OPPORTUNITY with Assumable Mortgage at 4.25%.; - Optimal location in St Pete Beach near shops, restaurants, beaches.; - Three separate residential units (5 bedrooms, 4 bathrooms) offering flexibility.
    (727) 348-3888
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    7700 Boca Ciega Dr St Pete Beach, 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
    7700 Boca Ciega Dr St Pete Beach, FL 33706
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    Listing Contact
    Jane Mccroary
    Jane Mccroary
    Real Estate License ID: 3342992
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