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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4655 Gulf Blvd St. Pete Beach, FL 33706

    • Retail properties
    • 136,224 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Papa Johns / Take-out & Catering
    • RQSI / Corporate Office / Financial Advisor
    • Blue Rhino Propane Exchange / Propane Supplier
    • Shattered Glass DIY St. Pete / Art Studio
    • Publix Super Market at Dolphin Village Shopping Center / Specialty Food Shop / Supermarket

    Property Details for 4655 Gulf Blvd

    Property size
    136,224 SF
    Property type
    Retail properties

    Description

    Dolphin Village, located at 4655 Gulf Boulevard in St. Pete Beach, Florida (zip code 33706), presents a unique investment opportunity in a high-traffic retail center. This Pinellas County property boasts a total of 136,224 square feet of commercial space, currently offering eleven available units. The flexible space options range from a minimum of 907 square feet to a maximum contiguous space of 4,800 square feet, catering to a variety of business needs. Currently, 23,881 square feet are vacant, providing significant potential for immediate occupancy. The center's strategic location directly across from public beach parking on heavily trafficked Gulf Boulevard ensures high visibility and foot traffic, making it an ideal location for businesses catering to beachgoers and tourists. Its proximity to award-winning beaches in St. Pete Beach further enhances its appeal and potential for success. The multiple tenancy structure offers diverse leasing options, allowing for a mix of businesses to create a vibrant and attractive shopping destination. This property offers a compelling opportunity to establish a presence in a thriving coastal community. The property is situated at 27.7225273 latitude and -82.7388735 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    St. Pete Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7389
    Latitude
    27.7225

    Comparable in this City

    • Value Estimation by Request
      136,224 SF

      4655 Gulf Blvd

      Restaurants • 136,224 SF
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    • Value Estimation by Request
      2,105 SF

      Florida Bar and Grill for Sale with Liquor License St Pete Bch

      Restaurants • 2,105 SF
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    • Value Estimation by Request
      2.01 Acres

      9525 Blind Pass Rd

      PARKING LOT • 2.01 Acres
      9525 Blind Pass Rd, St Pete Beach, FL 33706-1354
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    • Value Estimation
      $1,570,000
      3,060 SF

      7612 Blind Pass Rd

      SHOPPING CENTER, STRIP CENTER • 3,060 SF
      7612 Blind Pass Rd, St Pete Beach, FL 33706-1755
      View Details
    • Value Estimation
      $600,000
      2,216 SF

      432 75th Ave

      RESTAURANT • 2,216 SF
      432 75th Ave, St Pete Beach, FL 33706-1832
      View Details
    • Value Estimation
      $7,645,000
      7,462 SF

      5100 Gulf Blvd

      RESTAURANT • 7,462 SF
      5100 Gulf Blvd, St Pete Beach, FL 33706-2426
      View Details

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      Prime Retail Space in Treasure Island

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      170-174 107Th Ave, Treasure Island, FL 33706
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    4655 Gulf Blvd
    St. Pete Beach, FL 33706
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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.

    More about this property
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