Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mixed-Use Plaza in Tourist Destination Title is generated by Realmo AI

    111 Boardwalk Place W, Madeira Beach, FL 33708

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    53,853 SF mixed-use plaza in Madeira Beach, Florida.

    Type:Hospitality, Mixed Use, Retail
    Property size:
    53,853 SF
    Price / SF:
    $797/SF
    Added:
    Feb 13, 2026
    Days on Market:
    88
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 111 Boardwalk Place W

    General Information

    Standard status
    Active
    Size
    53,853 SF
    Property subtype
    Hospitality, Mixed Use, Retail

    We can help!

    Listing Contact
    Ari Ravi
    Ari Ravi

    Listing agent Ari Ravi License #SL- 3210827

    Listing office Ripco Real Estate

    Listing date Feb 13, 2026

    Source Crexi

    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 Ripco Real Estate

    HighLights

    • Located in John’s Pass Village & Boardwalk, Pinellas County’s top tourist attraction.
    • Mixed‑use plaza featuring retail, a 24‑room hotel, and a six‑level parking garage.
    • High occupancy with 19 of 20 retail spaces currently leased.
    • Strong demographics with high average household income in the surrounding area.
    • High traffic Gulf Boulevard location.
    • Minimal landlord responsibilities.

    Overview

    The property for sale is a mixed-use plaza located within John’s Pass Village & Boardwalk in Madeira Beach, FL. The plaza has a total area of approximately 53,853 square feet and includes hotel, retail, and parking components. The hotel space comprises approximately 11,162 square feet with 24 rooms. The retail space measures approximately 42,691 square feet. A six-level parking garage provides over 300 parking spaces and operates 24/7. There are 20 retail spaces, 19 of which are currently occupied by a variety of tenants, including restaurants, gift stores, and boat charters. John’s Pass Village & Boardwalk is a tourist attraction with over 100 merchants and 3.1 million annual visitors. The property is located on Gulf Boulevard, which has an AADT of 22,000. Within a 3-mile radius, the population is 35,061 with an average household income of $133,236. This property is an investment opportunity for those seeking minimal landlord responsibilities in a densely populated county with a diverse tenant mix.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Madeira Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7820947
    Latitude
    27.7852924

    Nearby Similar for Sale

    • $700,000
      1,516 SF

      Renovated Triplex Near Madeira Beach

      Newly renovated triplex in Madeira Beach, close to the beach.
      14013 MARGUERITE DRIVE, MADEIRA BEACH, FL 33708
      View Details
    • $798,999
      1,572 SF

      Renovated Triplex Near Madeira Beach

      Turnkey triplex near the beach with strong income potential.
      13388 1ST STREET E, MADEIRA BEACH, FL 33708
      View Details
    • $569,900
      1,399 SF

      Remodeled Duplex Near Madeira Beach

      Income-generating duplex one block from the beach.
      14906 N BAYSHORE DRIVE, MADEIRA BEACH, FL 33708
      View Details
    • $525,000
      1,264 SF

      Remodeled Duplex Near Madeira Beach

      Extensively remodeled duplex with private yards near the beach.
      119 147TH AVENUE E, MADEIRA BEACH, FL 33708
      View Details
    • $599,000
      1,557 SF

      Remodeled Duplex Near Madeira Beach

      Remodeled duplex near Madeira Beach with two rental streams.
      14040 MIRAMAR AVENUE, MADEIRA BEACH, FL 33708
      View Details
    • $849,000
      1,936 SF

      Madeira Beach Quadruplex Investment Opportunity

      Four cottages near the Gulf, offering rental or redevelopment potential.
      13136 4TH STREET E, MADEIRA BEACH, FL 33708
      View Details
    • $694,999
      1,790 SF

      Renovated Duplex Near Madeira Beach

      Renovated duplex near John's Pass Village and Madeira Beach.
      175 133RD AVENUE E, MADEIRA BEACH, FL 33708
      View Details
    • $837,583
      26,000 SF

      Beachmaker Resort Pre-Construction Condo-Hotel

      Luxury condo-hotel units with water views and premium amenities.
      15000 MADEIRA Way 615, Madeira Beach, FL 33708
      View Details
    • $1,347,000
      2,806 SF

      Madeira Beach Waterfront Quadruplex

      Fully occupied, concrete block quadruplex with waterfront access in Madeira Beach.
      117 140TH AVENUE E, MADEIRA BEACH, FL 33708
      View Details
    • $449,900
      1,352 SF

      Madeira Beach Duplex Opportunity

      Duplex near the beach, ready for renovation.
      13434 1ST ST E, MADEIRA BEACH, FL 33708
      View Details
    • $849,000

      Madeira Beach Fourplex Investment Opportunity

      Four-unit property near Gulf of Mexico and John's Pass.
      13136 4TH St E, Madeira Beach, FL 33708
      View Details
    • $6,700,000
      10,921 SF

      Beachfront Redevelopment or Motel Opportunity

      Prime location near beach, potential for redevelopment or existing motel.
      14711 GULF BOULEVARD, MADEIRA BEACH, FL 33708
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 53,853 SF mixed-use plaza in Madeira Beach, Florida.
    Where is this mixed-use property located?
    The property is located at 111 Boardwalk Place W Madeira Beach, FL.
    What is the asking price?
    The asking price for this property is $42,921,000.
    What are key features of this property?
    This property features: Located in John’s Pass Village & Boardwalk, Pinellas County’s top tourist attraction.; Mixed‑use plaza featuring retail, a 24‑room hotel, and a six‑level parking garage.; High occupancy with 19 of 20 retail spaces currently leased.
    (727) 452-6864 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ari Ravi
    Ari Ravi
    Real Estate License ID: SL- 3210827
    Learn More
    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
    111 Boardwalk Place W, Madeira Beach, FL 33708
    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!