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    12620 Gulf Blvd Treasure Island, FL 33706
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    12620 Gulf Blvd, Treasure Island, FL 33706

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    • Hotels
    • 1,144 SF
    • 0.10 lot acres
    For Sale
    $1,900,000
    View Listing →
    Treasure Island Four-Unit Beachfront Property For Sale
    $1,900,000
    2,416 SF

    Treasure Island Four-Unit Beachfront Property

    Four-unit property near Sunshine Beach, zoned for nightly rentals.

    12620 GULF BOULEVARD, Treasure Island, FL 33706
    View Listing
    Property ID
    US18-1448746
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 12620 Gulf Blvd

    Year built
    1952
    Construction
    CONCRETE BLOCKS
    Lot size
    0.10 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    15-31-15-17784-004-0080
    APU
    153115177840040080

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 13, 2024 $2,550,000 Patglo Enterprises LLC Michelle Kanarek Mackinnon Warranty Deed —
    Mar 3, 2022 $1,350,000 Michelle Kanarek Mackinnon Serf Of Treasure Island INC Warranty Deed $1M · Integrity Fincl Svcs Of Tampa Bay I
    Jan 8, 2008 — Goldberg Paul Goldberg,paul & Jeri Quit Claim Deed · related —
    Feb 26, 1999 $275,000 Serf Of Treasure Island INC Tucker,mark F Grant Deed $305k · United Bank & Trust Co
    Oct 2, 1998 $260,000 Mark F Tucker Allesvergatn LP Grant Deed $260k · Bank Of St Petersburg
    — — Vincent Ryel — Deed Of Trust · related —
    — — Serf Of Treasure Island INC — Deed Of Trust · related $20k · Bank Of St Petersburg
    — — Serf Of Treasure Island — Deed Of Trust · related $80k · Bank Of St Petersburg
    — — Serf Of Treasure Island INC — Deed Of Trust · related $50k · Bank Of St Petersburg
    — — Serf Of Treasure Island INC — Deed Of Trust · related $750k · Bank Of St Petersburg

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,550,000
      ML approach
      $2,550,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Treasure Island
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7819
    Latitude
    27.7805
    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
    $18,100
    $0.00
    $0.00
    $1,100,000
    -
    $788,041
    $311,959
    $1,100,000

    Comparable in this City

    • Value Estimation by Request
      32 SF

      10650 Gulf Blvd, Unit CU311

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    • Value Estimation by Request
      32 SF

      10650 Gulf Blvd, Unit CU302

      HOTEL/MOTEL
      10650 Gulf Blvd, Treasure Island, FL 33706-4819
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    • Value Estimation by Request
      375 SF

      10650 Gulf Blvd, Unit CU109

      HOTEL/MOTEL
      10650 Gulf Blvd, Treasure Island, FL 33706-4819
      View Details
    • Value Estimation
      $1,320,000
      1,820 SF

      10650 Gulf Blvd, Unit CU305

      HOTEL/MOTEL
      10650 Gulf Blvd, Treasure Island, FL 33706-4819
      View Details
    • Value Estimation by Request
      300 SF

      5500 Gulf Blvd, Unit 5209

      HOTEL/MOTEL
      5500 Gulf Blvd, St Pete Beach, FL 33706-2323
      View Details
    • Value Estimation
      $675,000
      535 SF

      5500 Gulf Blvd, Unit 5216

      HOTEL/MOTEL
      5500 Gulf Blvd, St Pete Beach, FL 33706-2323
      View Details

    Similar Nearby for Sale

    • $1,900,000
      0.10 Acres

      Treasure Island Hospitality Investment Opportunity

      Steps from Sunshine Beach, zoned for lucrative nightly rentals.
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      View Details
    • $444,000

      Gulf-Front Studio Condo Hotel

      Direct Gulf-front studio with strong rental history and impressive income.
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      8,137 SF

      Park Shore Boutique Hospitality Offering

      19-unit hospitality property near the beach with diversified income.
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    • $1,900,000

      Beachfront Hospitality Investment Opportunity

      Four-unit beachfront property zoned for lucrative nightly rentals.
      12620 Gulf Blvd, Treasure Island, FL 33706
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,525 SF

      Retail Space on St. Pete Beach

      Retail spaces available in grocery-anchored St. Pete Beach center.
      4615-4685 Gulf Blvd, St Pete Beach, FL 33706
      View Details
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      Former Winn-Dixie on St. Pete Beach

      25,552 SF former Winn-Dixie available for immediate occupancy.
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      4,800 SF

      Retail Space in Publix-Anchored Center

      Retail space in a high-visibility, Publix-anchored shopping center.
      4695-4811 Gulf Blvd, St Pete Beach, FL 33706
      View Details
    • Contact for pricing

      Grocery Anchored Retail Center

      Retail spaces for lease in St. Pete Beach, Florida.
      4655 Gulf Blvd, St Pete Beach, FL 33706
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      3,190 SF

      Retail Space on 107th Avenue

      Retail space with high visibility and abundant parking.
      120 107Th Ave, Treasure Island, FL 33706
      View Details
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    Treasure Island, 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.

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