Renovated Beach
For Sale
$599,000
14036 MARGUERITE Drive, Madeira Beach, FL 33708
Residential Income, MADEIRA BEACH, FL
Property Size1,443 SF
Lot Size0.12 Acres
Price / SF$415.11
Days on Market54
Property Features for 14036 MARGUERITE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 1
Interior features
Open Floorplan
Exterior features
Rain Gutters, Storage
Appliances
Microwave, Range, Refrigerator
Subdivision
GULF SHORES 5TH ADD
Directions
From Gulf Blvd, turn east onto 140th Ave E. Take a slight left onto Marguerite Dr. Property will be on the left.
Standard status
Active
APN
10-31-15-34398-019-0270
Size
1,443 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GULF SHORES 5TH ADD BLK S, LOT 27
Legal Description
GULF SHORES 5TH ADD BLK S, LOT 27
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1971
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS ST PETE REALTY · Keller Williams Realty
(727) 894-1600
Listed By:
Brian Baker · License #3608413
(727) 605-4433
Added: Jul 14
Changed: Sep 3
Last Checked: Sep 5 at 6:06PM
MLS# TB8529158
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.
Investment Insights
Based on property information with market context.
This 1,443-square-foot duplex includes two existing units and a detached rear room or building. The property was built in 1971 and has undergone extensive updates, including new HVAC, electrical work, electrical panels, kitchens, and appliances. Block construction, tile flooring, central heating and cooling, shingle roofing, and an open floor plan are among the recorded features. The rear structure provides separate storage space and may support office use, subject to applicable approvals.
Set in Madeira Beach, the property is located minutes from Gulf beaches, John's Pass, restaurants, shopping, boating, and entertainment. The 0.12-acre site has public water, public sewer, available electricity, rain gutters, and exterior storage. Appliances include a microwave, range, and refrigerator.
Set in Madeira Beach, the property is located minutes from Gulf beaches, John's Pass, restaurants, shopping, boating, and entertainment. The 0.12-acre site has public water, public sewer, available electricity, rain gutters, and exterior storage. Appliances include a microwave, range, and refrigerator.
Key Highlights
- Two existing units within a 1,443‑square‑foot duplex
- 0.12‑acre site in Madeira Beach
- Recent upgrades include HVAC, electrical panels, kitchens, and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,843
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$336,860
$336.9K
Cap Rate 7%
$240,614
$240.6K
Cap Rate 9%
$187,144
$187.1K
Market Conditions
NOI Build-Up for 1,443 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.8K $17.88/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$24.1K $16.67/SF
− OpEx
−$7.2K −$5.00/SF
NOI
$16.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$336,860
Cap Rate 7%
$240,614
Cap Rate 9%
$187,144
Alternative Uses
Best Use
Multifamily LT 5
$240.6K
$210.5K – $280.7K
NOI $16,843 @ 7.0% cap · market cap 2.81%
Second Best
Apartment 5plus
$189.6K
$165.9K – $221.2K
NOI $13,271 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$375.3K
$328.4K – $437.9K
NOI $26,273 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Explore this area
Business Placement
Demographics for 33708, FL
16,034
Population
13,211
Households
1.2
Avg Household Size
60
Median Age
44%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
4,716
Density / Sq Mi
$83,773
Median Household Income
$49,403
Median Earnings
$1,961
Median Rent
$463,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with a detached rear structure, updated systems, and public water and sewer service.
Where is this duplex located?
The property is located at 14036 MARGUERITE Drive Madeira Beach, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two existing units within a 1,443‑square‑foot duplex; 0.12‑acre site in Madeira Beach; Recent upgrades include HVAC, electrical panels, kitchens, and appliances
