106 E BAY DR, Treasure Island, FL 33706
For Sale
$600,000
Triplexes
Property Size2,016 SF
Price / SF$297.62
Days on Market186
Property Features for 106 E BAY DR
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
REALTY BUY DESIGN
Listed By:
Tamara Perez
(813) 451-9201
Source:
Shore2bay
Added: May 8
Changed: Nov 9
Last Checked: Nov 8 at 8:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALTY BUY DESIGN
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,532
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,640
$470.6K
Cap Rate 7%
$336,171
$336.2K
Cap Rate 9%
$261,467
$261.5K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$36.0K $17.88/SF
− Vacancy
−$2.4K −$1.21/SF
EGI
$33.6K $16.67/SF
− OpEx
−$10.1K −$5.00/SF
NOI
$23.5K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,640
Cap Rate 7%
$336,171
Cap Rate 9%
$261,467
Alternative Uses
Best Use
Multifamily LT 5
$336.2K
$294.2K – $392.2K
NOI $23,532 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$312.6K
$273.5K – $364.7K
NOI $21,879 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$524.4K
$458.8K – $611.8K
NOI $36,706 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
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Business Placement
Demographics for 33706, FL
15,309
Population
14,199
Households
1.1
Avg Household Size
60
Median Age
54%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
4,138
Density / Sq Mi
$97,364
Median Household Income
$80,504
Median Earnings
$1,646
Median Rent
$616,800
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Pinellas County, FL
Properties on Market for Triplexes in Pinellas County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
Where is this triplex located?
The property is located at 106 E BAY DR Treasure Island, FL.
What is the asking price?
The asking price for this property is $600,000.
