Indian Rocks Beach Multifamily
701 1st Street Indian Rocks Beach, FL 33785
701 1st Street, Indian Rocks Beach, FL, 33785
Contact for pricing
For Sale
Contact for pricing
Multifamily property in Indian Rocks Beach, Florida for sale.
Property Size7,700 SF
Price / SF$285.06
Days on Market57
Property Features for 701 1st Street
General Information
- Standard status
- Active
- Size
- 7,700 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing Agency
Marcus & Millichap - RPH Multifamily Group
Listed by
Zach Brown · License #SL3610867
Source
Crexi
Added: May 21 Checked: Jul 15 at 8:11 pm
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 Marcus & Millichap - RPH Multifamily Group
Investment Insights
Based on property information with market context.
A multifamily property located at 701 1st Street, Indian Rocks Beach, Florida, is available for sale. The property encompasses a total area of 7,700 square feet. Additional financial details are available via the provided 'Due Diligence' button.
Key Highlights
- Offering memorandum and financials available.
- Due diligence information accessible.
- Contact Zach Brown ([email protected]) for deal discussion.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.6k | $18.00 |
| − Vacancy | −$9.8k | −$1.28 |
| EGI | $128.8k | $16.72 |
| − OpEx | −$57.9k | −$7.52 |
| NOI | $70.8k | $9.20 |
7,700 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$885.2K – $1.18M
NOI $70,818 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,198 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - Multifamily property in Indian Rocks Beach, Florida for sale.
Where is this multifamily property located?
The property is located at 701 1st Street Indian Rocks Beach, FL.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: Offering memorandum and financials available.; Due diligence information accessible.; Contact Zach Brown ([email protected]) for deal discussion.
