Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vacant Lot Near Indian Rocks Title is generated by Realmo AI

    418 12TH AVENUE, Indian Rocks Beach, FL 33785

    View on Map
    Claim this Listing
    For Sale
    $599,000

    Land - INDIAN ROCKS BEACH, FL

    Lot size:
    0.23 Acres
    Added:
    Dec 20, 2024
    Days on Market:
    517
    Last Refresh:
    May 21 at 10:06 pm

    Property Features for 418 12TH AVENUE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    06-30-15-42066-090-0090
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    7856.99

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Kim Krenek
    Kim Krenek

    Listing agent Kim Krenek License #3276887

    Listing office COLDWELL BANKER REALTY 2933 West Bay Drive, Plant City, FL

    Listing date Dec 20, 2024

    MLS# TB8332175 Listing URL

    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.

    HighLights

    • Large .23 acre vacant lot, ideal for your custom dream home.
    • Prime location: walk or golf cart to the Gulf of Mexico and Indian Rocks Beach.
    • Just 2 blocks to Kolb Park, featuring a playground, pickleball courts, and library.
    • Excellent investment opportunity in a desirable beach community.
    • Convenient access to upscale restaurants and golf courses.
    • Only a 30‑minute drive to Tampa International Airport.

    Overview

    This almost quarter-acre (0.23 acres) vacant lot presents an opportunity to construct a custom residence. The location is near the Gulf of Mexico and the beach community of Indian Rocks Beach. The site is situated two blocks from Kolb Park, which features a playground, pickleball courts, and a library. Upscale restaurants and golf courses are nearby. Tampa International Airport is a 30-minute drive away. This lot offers an opportunity to embrace the Florida beach lifestyle and create a coastal oasis.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Indian Rocks Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.841515
    Latitude
    27.896046

    Nearby Similar for Sale

    • $4,199,000
      5,932 SF

      Waterfront Apartment Complex with Boat Slips

      Renovated apartment complex with boat slips in Indian Rocks Beach.
      2307 BAY BOULEVARD, INDIAN ROCKS BEACH, FL 33785
      View Details
    • $2,300,000
      4,556 SF

      Renovated Multifamily Near Indian Rocks Beach

      Fully renovated six-unit multifamily property near Indian Rocks Beach.
      206 22ND AVENUE, INDIAN ROCKS BEACH, FL 33785
      View Details
    • $3,500,000
      4,695 SF

      Gulf Frontage Remodel Opportunity

      Beachfront units on 50 feet of pristine Gulf frontage.
      19306 GULF BOULEVARD, INDIAN ROCKS BEACH, FL 33785
      View Details
    • $1,999,999
      2,464 SF

      Waterfront Triplex in Indian Rocks

      Updated waterfront triplex near the Gulf, ideal for income generation.
      2605 BAY BOULEVARD, INDIAN ROCKS BEACH, FL 33785
      View Details
    • $780,000

      Indian Rocks Beach Redevelopment Opportunity

      Double corner lot near Gulf beaches, ideal for redevelopment.
      1811 2ND STREET, INDIAN ROCKS BEACH, FL 33785
      View Details
    • $1,950,000
      2,077 SF

      Remodeled Quadruplex Near Indian Rocks Beach

      Turn-key 4-plex ideal for short-term rentals near the beach.
      711 E GULF BOULEVARD, INDIAN ROCKS BEACH, FL 33785
      View Details
    • $1,059,900
      2,100 SF

      Updated Triplex Near Indian Rocks Beach

      Impeccably updated triplex near the Gulf of Mexico.
      717 E GULF BOULEVARD, INDIAN ROCKS BEACH, FL 33785
      View Details
    • $1,100,000

      Waterfront Land Near Gulf of Mexico

      Waterfront land with dock and boat lift near Gulf.
      1217 BAY SHORE BOULEVARD, INDIAN ROCKS BEACH, FL 33785
      View Details
    • $1,249,900

      Waterfront Lot Near Indian Rocks Beach

      Cleared, vacant residential lot with waterfront access near the beach.
      315 10TH AVENUE, INDIAN ROCKS BEACH, FL 33785
      View Details
    • $650,000
      1,110 SF

      Waterfront Condo, Short-Term Rentals Allowed

      Waterfront condo approved for short-term rentals near Gulf beaches.
      399 2ND St 216, Indian Rocks Beach, FL 33785
      View Details
    • $2,300,000
      4,556 SF

      Renovated Multifamily Near Indian Rocks Beach

      Six-unit multifamily property near beach with income potential.
      206 22ND AVENUE, INDIAN ROCKS BEACH, FL 33785
      View Details
    • $5,950,000

      Land in Indian Rocks Beach

      Land with direct beach access in Indian Rocks Beach.
      1306 GULF BOULEVARD, INDIAN ROCKS BEACH, FL 33785
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large vacant lot near the Gulf of Mexico in Florida.
    Where is this residential land & home lot located?
    The property is located at 418 12TH AVENUE Indian Rocks 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: Large .23 acre vacant lot, ideal for your custom dream home.; Prime location: walk or golf cart to the Gulf of Mexico and Indian Rocks Beach.; Just 2 blocks to Kolb Park, featuring a playground, pickleball courts, and library.
    (727) 262-3181
    We can help!
    Listing Contact
    Kim Krenek
    Kim Krenek
    Real Estate License ID: 3276887
    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
    418 12TH AVENUE, INDIAN ROCKS BEACH, FL 33785
    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!