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    1211 Gulf Blvd Indian Rocks Beach, FL 33785-2746
    Property profile & analytics

    1211 Gulf Blvd, Indian Rocks Beach, FL 33785-2746

    View on Map
    • Strip malls
    • 4,080 SF
    • 0.37 lot acres
    Off-Market
    Property ID
    US18-0834819
    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
    $1,220,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 1211 Gulf Blvd

    Year built
    1963
    Construction
    CONCRETE BLOCKS
    Lot size
    0.37 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    01-30-14-42030-033-0250
    APU
    13014420300330250

    Description

    This exceptional retail opportunity is located at 1211 Gulf Blvd, Indian Rocks Beach, Florida, in Pinellas County (zip code 33785), near the cross streets of 13th Avenue. The single-story, 4,080 square foot building, constructed in 1963, currently operates as a multi-tenant laundry facility. The property offers a flexible layout with three total suites, allowing for various configurations to suit diverse business needs. Currently, 2,040 square feet of space is available for lease, divisible into units as small as 1,020 square feet and with a maximum contiguous space of 2,040 square feet. This presents a unique chance for expansion or a new venture in a high-traffic beachfront location. The property's prime location on Gulf Boulevard ensures high visibility and accessibility, making it an ideal spot for a variety of retail businesses. The building's existing infrastructure provides a solid foundation for immediate occupancy, minimizing upfront investment costs. This is a rare opportunity to acquire a well-situated retail property in a thriving coastal community. The property's size and layout offer significant potential for growth and profitability. Serious inquiries are encouraged to explore this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,217,000
      Market price range: $581k - $1.81M
      AI Estimate
      $1,217,000
      Market price range: $581k - $1.81M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,135,000
      Current use
      AUTO REPAIR, GARAGE
      $1,690,000
      Change: +49% Conversion: Difficult
      OFFICE BUILDING
      $980,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Indian Rocks Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.8485
    Latitude
    27.8956
    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
    $13,795
    $0.00
    $0.00
    $790,000
    -
    $591,802
    $198,198
    $790,000

    Comparable in this City

    • Value Estimation
      $1,655,000
      7,322 SF

      2300 Gulf Blvd

      SHOPPING CENTER, STRIP CENTER
      2300 Gulf Blvd, Indian Rocks Beach, FL 33785-3000
      View Details
    • Value Estimation
      $2,130,000
      6,490 SF

      1401 Gulf Blvd

      SHOPPING CENTER, STRIP CENTER
      1401 Gulf Blvd, Indian Rocks Beach, FL 33785-2774
      View Details
    • Value Estimation
      $1,955,000
      5,640 SF

      311 Gulf Blvd

      SHOPPING CENTER, STRIP CENTER
      311 Gulf Blvd, Indian Rocks Beach, FL 33785-2548
      View Details
    • Value Estimation
      $750,000
      3,240 SF

      309 Gulf Blvd

      SHOPPING CENTER, STRIP CENTER
      309 Gulf Blvd, Indian Rocks Beach, FL 33785-2537
      View Details
    • Value Estimation
      $1,040,000
      3,600 SF

      1311 Gulf Blvd

      SHOPPING CENTER, STRIP CENTER
      1311 Gulf Blvd, Indian Rocks Beach, FL 33785-2748
      View Details
    • Value Estimation by Request
      6,676 SF

      19705 Gulf Blvd

      SHOPPING CENTER, STRIP CENTER
      19705 Gulf Blvd, Indian Shores, FL 33785-2307
      View Details

    Similar Nearby for Sale

    • $780,000
      0.19 Acres

      Indian Rocks Beach Redevelopment Opportunity

      Double corner lot near Gulf beaches, ideal for redevelopment.
      1811 2Nd St, Indian Rocks Beach, FL 33785
      View Details
    • $6,495,000
      0.72 Acres

      Gulf-Front Land in Indian Shores

      Rare 0.72-acre beachfront lot ready for development.
      18602 Gulf Blvd, Indian Shores, FL 33785
      View Details
    • Contact for pricing
      1,250 SF

      Indian Rocks Beach Condominium

      Updated three-bedroom condominium with Gulf and Intracoastal views.
      12 Gulf Blvd, Indian Rocks Beach, FL 33785
      View Details
    • $4,490,000
      Pending

      Gulf-Front Development Opportunity

      Prime Gulf-front property with Intracoastal access for development.
      30 Gulf Blvd, Indian Rocks Beach, FL 33785
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Prime Gulf Boulevard Retail/Office Space

      Highly visible retail or office space in Indian Rocks Beach.
      2701 Gulf Blvd, Indian Rocks Beach, FL 33785
      View Details
    • $2,300 /Mo
      768 SF

      Updated Office Space in IRB

      Commercial office space with garage and storage in Indian Rocks Beach.
      500 2Nd St, Indian Rocks Beach, FL 33785
      View Details
    • $27,600

      Indian Rocks Beach Office Space

      Updated office space in Indian Rocks Beach downtown business district.
      500 2Nd St, Indian Rocks Beach, FL 33785
      View Details
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    Indian Rocks Beach, FL 33785-2746
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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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