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Property profile & analytics
OFF-MARKET
Estimated value
$1,970,000
Apartment buildings
110 148th E Ave Madeira Beach, FL 33708-2179
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2729441
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1949
Construction
CONCRETE BLOCKS
Total area
5,916 SF
Lot
0.3 ac (13,125 SF)
APN
09-31-15-60858-000-1030
UPID
US18-2729441
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$1.97M
Owner & transaction history
Salt Shore Coastal Properties LLC · 1 yrs held
Salt Shore Coastal Properties LLC
since 2025
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madeira Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madeira Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,680,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,170,000
Current use
Blend value · Realmo final
$1.97M
Range $1.77M – $2.17M · ±10% · vs last sale $2.00M (May 22 2025)
Last sale anchor
$2.00M
May 22 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$333 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,805
Tax year 2023
Assessed value
$1,165,000
Assessed 2023
Previous assessed
$1,080,000
+7.9% YoY
Effective rate
1.61%
On assessed value
Land market value
$654,000
Improvement market value
$511,000
Total market value
$1,165,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1949
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
WINDOW A/C
Stories
2
Units
11
Bathrooms
12
Total area
5,916 SF
Lot
0.3 ac (13,125 SF)
APN
09-31-15-60858-000-1030
UPID
US18-2729441
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1949
Construction
CONCRETE BLOCKS
Heating
OTHER
Cooling
Yes
Stories
2
Units
11
Bathrooms
12
Lot
0.3 ac
Current owner
From public records · entity-resolved
Salt Shore Coastal Properties LLC
Entity
Mailing address
2143 INNER CIR S, SAINT PETERSBURG, FL 33712-6026
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
$2,000,000
Salt Shore Coastal Properties LLC
Pawpurr Epilson LLC
Warranty Deed
$2,010,750 · Spreo Capital Manager LLC
Sep 22, 2017
$1,225,000
Pawpurr Epsilon LLC
Beach Fund LLC
Warranty Deed
$738,000 · Cbre Cap Markets
Oct 23, 2008
—
Beachfund LLC
Pedal Realestate LLC
Quit Claim Deed
related
$1,320,000 · Florida Bank
Jan 10, 2006
$1,300,000
Pedal Realestate LLC
Kevin Carasco
Warranty Deed
$916,000 · Wachovia Bank NA
Aug 10, 2004
$885,000
Kevin Carasco
Bbg Properties LLC
Warranty Deed
$619,500 · Interbay Funding LLC
Jun 3, 2003
$575,000
Bbg Properties LLC
J & W Estates INC
Grant Deed
$339,000 · Southern Exchange Bank
May 5, 1997
$360,000
J & W Estates INC
Caribbean Beach Apts
Grant Deed
$281,172 · Seller
—
—
Beach Fund LLC
—
Deed Of Trust
related
$211,617 · Republic Bank
—
—
Beach Fund LLC
—
Deed Of Trust
related
$900,000 · Florida Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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