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    110 148th E Ave Madeira Beach, FL 33708-2179
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    Property profile & analytics

    110 148th E Ave, Madeira Beach, FL 33708-2179

    View on Map
    • Apartment buildings
    • 5,916 SF
    • 0.30 lot acres
    Off-Market
    Last Sale May 22, 2025
    $2,000,000
    Property ID
    US18-2729441
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,970,000
    Show details
    Cap Rate Potential
    3.2%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 110 148th E Ave

    Year built
    1949
    Construction
    CONCRETE BLOCKS
    Lot size
    0.30 lot acres
    Property type
    Apartment buildings
    APN
    09-31-15-60858-000-1030
    APU
    93115608580001030

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 22, 2025 $2,000,000 Salt Shore Coastal Properties LLC Pawpurr Epilson LLC Warranty Deed $2M · Spreo Capital Manager LLC
    Sep 22, 2017 $1,225,000 Pawpurr Epsilon LLC Beach Fund LLC Warranty Deed $738k · Cbre Cap Markets
    Oct 23, 2008 — Beachfund LLC Pedal Realestate LLC Quit Claim Deed · related $1.3M · Florida Bank
    Jan 10, 2006 $1,300,000 Pedal Realestate LLC Kevin Carasco Warranty Deed $916k · Wachovia Bank NA
    Aug 10, 2004 $885,000 Kevin Carasco Bbg Properties LLC Warranty Deed $620k · Interbay Funding LLC
    Jun 3, 2003 $575,000 Bbg Properties LLC J & W Estates INC Grant Deed $339k · Southern Exchange Bank
    May 5, 1997 $360,000 J & W Estates INC Caribbean Beach Apts Grant Deed $281k · Seller
    — — Beach Fund LLC — Deed Of Trust · related $212k · Republic Bank
    — — Beach Fund LLC — Deed Of Trust · related $900k · Florida Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,680,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,653,000
      Market price range: $2.65M - $3.94M
      AI Estimate
      $2,653,000
      Market price range: $2.65M - $3.94M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,170,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madeira Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.798
    Latitude
    27.7995
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,805
    $0.00
    $0.00
    $1,165,000
    -
    $654,000
    $511,000
    $1,165,000

    Comparable in this City

    • Value Estimation
      $5,560,000
      12,400 SF

      16900 1st E St

      APARTMENT HOUSE (5+ UNITS)
      16900 1st E St, North Redington Beach, FL 33708-1458
      View Details
    • Value Estimation
      $3,380,000
      7,296 SF

      449 129th E Ave

      APARTMENT HOUSE (5+ UNITS)
      449 129th E Ave, Madeira Beach, FL 33708-2696
      View Details
    • Value Estimation by Request
      2,752 SF

      14975 1St St

      Multifamily properties
      14975 1St St, Madeira Beach, FL 33708
      View Details
    • Value Estimation
      $3,475,000
      7,746 SF

      16850 1st E St

      APARTMENT HOUSE (5+ UNITS)
      16850 1st E St, North Redington Beach, FL 33708-1444
      View Details
    • Value Estimation
      $2,350,000
      5,235 SF

      449 129th E Ave

      APARTMENT HOUSE (5+ UNITS)
      449 129th E Ave, Madeira Beach, FL 33708-2696
      View Details
    • Value Estimation
      $3,785,000
      12,552 SF

      4771 100th N Way

      APARTMENT HOUSE (5+ UNITS)
      4771 100th N Way, Saint Petersburg, FL 33708-3275
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,022 SF

      Waterfront Hotel Near John's Pass

      Turn-key, 5-unit waterfront hotel near Madeira Beach.
      12955 Pelican Ln, Madeira Beach, FL 33708
      View Details
    • $859,000
      2,040 SF

      MADEIRA BEACH Multi-Family Property

      Multi-family property in MADEIRA BEACH, FL with owner financing.
      100 144Th Ave, Madeira Beach, FL 33708
      View Details
    • $2,250,000
      6,021 SF

      Redington Shores Multifamily Investment Opportunity

      8-unit waterfront apartment building in desirable Redington Shores.
      18205 Gulf Blvd, Redington Shores, FL 33708
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,140 SF

      Renovated Retail Space in Madeira

      Retail space available in renovated center near Madeira Beach.
      14995 Gulf Blvd, Madeira Beach, FL 33708
      View Details
    • $3,500 /Mo
      2,498 SF

      Restaurant Space on Gulf Boulevard

      2498 SF restaurant space for lease on Gulf Boulevard.
      17477 Gulf Blvd, Redington Shores, FL 33708
      View Details
    • $2,530 /Mo
      1,300 SF

      Renovated Office Condo Near Beach

      Renovated office condo near the beach with ample amenities.
      150 153Rd Ave, Madeira Beach, FL 33708
      View Details
    • $2,530 /Mo
      1,300 SF

      Renovated Office Condo Near Beach

      Bright, renovated office condo near the beach with ample amenities.
      150 153Rd Ave, Madeira Beach, FL 33708
      View Details
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    Madeira Beach, FL 33708-2179
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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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