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    Waterfront Retail Space in Johns Pass Title is generated by Realmo AI

    111 Boardwalk Pl W, Madeira Beach, FL 33708

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    Prime retail space in Pinellas County's top tourist attraction.

    Type:Retail, Restaurant
    Added:
    Mar 26, 2026
    Days on Market:
    71
    Last Refresh:
    May 12 at 10:00 pm

    Property Features for 111 Boardwalk Pl W

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Building Details

    Year Built
    2008

    We can help!

    Listing Contact
    Corinna Gattasso

    Listing agent Corinna Gattasso License #BK3367412

    Listing office Ripco Real Estate

    Listing date Mar 26, 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

    • Prime waterfront location in the heart of Johns Pass Village, Pinellas County's top tourist attraction
    • Turn‑of‑the‑century fishing village atmosphere with over one hundred merchants offering unique retail shopping and diverse restaurants
    • Abundant recreational activities including dolphin watching, shelling tours, boat rentals, parasailing, and jet skiing
    • Convenient parking options with metered street parking and a state‑of‑the‑art multi‑level parking garage
    • Easy access to nearby beaches, St. Petersburg, Clearwater, Tampa, and a short drive to Orlando
    • Second‑floor suite with bar, terrace dining, elevator access, and nearby common restrooms (Year Built: 2008)

    Overview

    Located on the waterfront at Johns Pass, this retail space resides within a quaint, turn-of-the-century fishing village, a top tourist attraction in Pinellas County. Known locally as "The Pass," this area originated from a hurricane on September 27, 1848, and was first navigated by a pirate named John Levique. The village hosts over one hundred merchants, offering unique retail shopping, diverse restaurants, the local fishing fleet, dolphin watching and shelling tours, boat rentals, parasailing, and jet skiing. The property benefits from convenient metered on-street parking throughout the village, along with a new state-of-the-art multi-level parking garage. The beach is a short walk away. Conveniently situated near St. Petersburg, Clearwater, and Tampa, it is also a short drive to the Orlando area. The available suite is located on the second floor, accessible via elevators and stairs, and features a bar, terrace dining, and nearby common area restrooms.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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

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    FAQs

    What type of property is this?
    Retail space - Prime retail space in Pinellas County's top tourist attraction.
    Where is this retail space located?
    The property is located at 111 Boardwalk Pl W Madeira Beach, FL.
    What are key features of this property?
    This property features: Prime waterfront location in the heart of Johns Pass Village, Pinellas County's top tourist attraction; Turn‑of‑the‑century fishing village atmosphere with over one hundred merchants offering unique retail shopping and diverse restaurants; Abundant recreational activities including dolphin watching, shelling tours, boat rentals, parasailing, and jet skiing
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Corinna Gattasso
    Real Estate License ID: BK3367412
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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.

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