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Property profile & analytics
OFF-MARKET
Estimated value
$16,150,000
Hotels
11125 Gulf Blvd, Treasure Island, FL 33706-4713
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-7847221
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1966
Construction
CONCRETE BLOCKS
Total area
39,700 SF
Lot
1.4 ac (61,189 SF)
APN
23-31-15-91818-014-0040
UPID
US18-7847221
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
by Request
Blend (final)
Blend
$16.15M
Owner & transaction history
Treasure Island Hotel LLC · 3 yrs held
Treasure Island Hotel LLC
since 2023
Last sale
$10.9M
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 Treasure Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Treasure Island 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
$13,570,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.15M
Range $14.54M – $17.77M · ±10% · vs last sale $10.88M (Jan 26 2023)
Last sale anchor
$10.88M
Jan 26 2023
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
$407 / 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
$141,708
Tax year 2023
Assessed value
$8,650,000
Assessed 2023
Previous assessed
$8,200,000
+5.5% YoY
Effective rate
1.64%
On assessed value
Land market value
$3,606,370
Improvement market value
$5,043,630
Total market value
$8,650,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1966
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
83
Bathrooms
84
Total area
39,700 SF
Lot
1.4 ac (61,189 SF)
APN
23-31-15-91818-014-0040
UPID
US18-7847221
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
Building & site characteristics
From public records
Year built
1966
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Units
83
Bathrooms
84
Lot
1.4 ac
Current owner
From public records · entity-resolved
Treasure Island Hotel LLC
Entity
Mailing address
10225 ULMERTON RD STE 12A, LARGO, FL 33771-3520
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2023
$10,884,400
Treasure Island Hotel LLC
Sunset Bay Properties LLC
Special Warranty Deed
—
Oct 8, 2018
—
Sunset Bay Properties LLC
—
Deed
related
$5,025,000 · First Nat'l Bk/vinita
Oct 3, 2018
—
Sunset Bay Properties LLC
—
Deed
related
$5,025,000 · First Nat'l Bk/vinita
May 18, 2016
—
Sunset Bay Properties LLC
—
Deed
related
$10,150,000 · Cornerstone Com'l Mtgs
Nov 16, 2011
—
Sunset Bay Properties LLC
—
Deed Of Trust
related
$10,150,000 · Cornerstone Commercial & Mtg
Feb 1, 2011
—
Sunset Bay Props LLC
Florida Internal Improvement T
Grant Deed
related
—
Jul 20, 2010
—
Sunset Bay Properties LLC
—
Deed Of Trust
related
$10,150,000 · Cornerstone Commercial & Mtg
Nov 10, 2008
—
Sunset Bay Properties LLC
Owner,record
Grant Deed
related
—
May 26, 2006
—
Sunset Bay Properties LLC
Danto Holdings Of St Pete LLC
Quit Claim Deed
related
—
May 26, 2006
$9,300,000
Sunset Bay Properties LLC
Danto Holdings Of St Pete LLC
Warranty Deed
—
Jul 5, 2005
$5,425,000
Danto Holdings Of St Pete LLC
Treasure Island Ho-jo
Grant Deed
$5,500,000 · Richard A & Marianne Quinn
—
—
Sunset Bay Properties LLC
—
Deed Of Trust
related
$10,150,000 · Cornerstone Com'l Mtgs
—
—
Sunset Bay Properties LLC
—
Loan Modification
related
$10,150,000 · Cornerstone Com'l Mtgs
—
—
Sunset Bay Properties LLC
—
Deed Of Trust
related
$4,474,000 · Florida Busn Dev
—
—
Sunset Bay Properties LLC
—
Deed Of Trust
related
$4,375,000 · Candescent Cap LLC
—
—
Sunset Bay Properties LLC
—
Deed Of Trust
related
$5,025,000 · First Nat'l Bk/vinita
—
—
Sunset Bay Properties LLC
—
Deed Of Trust
related
$5,025,000 · First Nat'l Bk/vinita
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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