Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    102 39Th St Holmes Beach, FL 34217

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,900,000

    Turnkey 8-unit property near Gulf of Mexico with daily rentals.

    Lot size:
    0.23 Acres

    Property Features for 102 39Th St

    General Information

    Property type
    Investment
    Standard status
    Active
    Lot size
    0.23 Acres

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Robert Louloudes
    Source: Elliman

    Listing Agency: STARZ REAL ESTATE, LLC Listing Agent: Robert Louloudes

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Island Paradise Multifamily Investment Property

    This 8-unit property, Alamanda Villas, is located steps from the Gulf of Mexico. It features a heated outdoor pool, barbecue facilities, and umbrella-covered patio areas with water views. Each unit includes one bedroom and one bathroom, along with a fully stocked kitchen equipped with a microwave, refrigerator, coffee maker, oven, and stove top. The property is located near shops, restaurants, and entertainment options. A trolley stop is within a five-minute walk, providing access to Anna Maria Island. Daily rentals are permitted. Each unit is condominiumized, allowing the buyer to become the sole owner and member of the condominium association. This property is an investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Hotels

    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
    Holmes Beach
    County
    Manatee
    State
    Florida
    Longitude
    -82.7115041
    Latitude
    27.4966236

    Nearby Similar for Sale

    • New
      $525,000
      988 SF

      Holmes Beach Office Space Available

      Rare office space in the heart of Holmes Beach.
      3909 E Bay Dr, Holmes Beach, FL 34217
      View Details
    • New
      $54,900
      0.69 Acres

      Boat Slip on Anna Maria

      Rare opportunity: privately deeded boat slip with direct Intracoastal access.
      8303 Marina Dr, Holmes Beach, FL 34217
      View Details
    • New
      $2,200,000
      2,320 SF

      Turnkey Duplex Near Gulf Beaches

      Renovated 5-bedroom duplex near beaches with income potential.
      201 54Th St, Holmes Beach, FL 34217
      View Details
    • New
      $2,150,000
      2,188 SF

      Holmes Beach Turnkey Duplex

      Two-unit property near Gulf beaches with rental potential.
      314 61St St, Holmes Beach, FL 34217
      View Details
    • $1,595,000
      1,600 SF

      Renovated Duplex Near Gulf Drive

      Turnkey duplex with deeded boat slip, near Anna Maria.
      8106 Gulf Dr, Holmes Beach, FL 34217
      View Details
    • $1,595,000
      1,600 SF

      Renovated Duplex Near Gulf Drive

      Turnkey duplex with deeded boat slip, near the beach.
      8106 Gulf Dr, Holmes Beach, FL 34217
      View Details
    • $1,399,000
      1,500 SF

      Turnkey Holmes Beach Duplex

      Impeccably designed duplex near the beach, ready for seamless ownership.
      3604 Gulf Dr, Holmes Beach, FL 34217
      View Details
    • $125,000

      Holmes Beach Boat Slip For Sale

      Prime boat slip with direct Tampa Bay access.
      238 85Th St, Holmes Beach, FL 34217
      View Details
    • $1,500,000

      Holmes Beach Property For Sale

      Property for sale located at 3018 GULF Dr, Holmes Beach.
      3018 Gulf Dr, Holmes Beach, FL 34217
      View Details
    • $5,900,000

      Island Paradise Multifamily Investment

      Turnkey 8-unit property near Gulf of Mexico with rental potential.
      102 39Th St, Holmes Beach, FL 34217
      View Details
    • $1,250,000

      Renovated Duplex Near Holmes Beach

      Renovated duplex near beaches, shopping, and restaurants on Anna Maria Island.
      208 Peacock Ln, Holmes Beach, FL 34217
      View Details
    • $5,900,000
      4,944 SF

      Turnkey Island Paradise Investment Opportunity

      Eight-unit property near Gulf of Mexico with rental potential.
      102 39Th St, Holmes Beach, FL 34217
      View Details

    FAQs

    What type of property is this?
    Apartment building - Turnkey 8-unit property near Gulf of Mexico with daily rentals.
    Where is this apartment building located?
    The property is located at 102 39Th St Holmes Beach, FL.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: - Steps from the Gulf of Mexico with water views.; - Turnkey property with daily rentals permitted.; - Each unit is already condominiumized, allowing sole ownership.
    (941) 549-1636
    Request Owner's contact information
    102 39Th St Holmes Beach, FL 34217
    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.
    102 39Th St
    Holmes Beach, FL 34217
    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
    102 39Th St Holmes Beach, FL 34217
    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

    We can help!
    Listing Contact
    Robert Louloudes
    Real Estate License ID: 3292289
    (941) 549-1636 (941) 737-7108
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!