Property profile & analytics
13207 3Rd St Madeira Beach, FL 33708
- Commercial real estate
- 2,330 SF
OFF-MARKET
Value Estimation
Location Intelligence
Property ID
US18-3510517
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.
Current Use by Public Records
- Commercial real estate
Property Details for 13207 3Rd St
- Year built
- 1958
- Property size
- 2,330 SF
- Property type
- Commercial real estate
Description
This exceptional six-unit apartment building in Madeira Beach, Florida presents a compelling value-add investment opportunity. Boasting a prime location on a double lot (8,124 sq ft) at 13207 3rd St E, 33708, this property offers significant upside potential. The 2,330 square foot building, constructed in 1958 and renovated in 2023, features six separately metered studio units. Currently operating as a stabilized investment, the property generates a strong NOI of $98,000, with a pro-forma NOI projected at $107,000, resulting in a current cap rate of 12.25% and a pro-forma cap rate of 13.38%. The asking price is $800,000, translating to $133,333.33 per unit and $343.35 per square foot. The property is zoned RES and sits on two lots
Value Estimation
Powered by Realmo proprietary methodology
Last update: July 3, 2025
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madeira Beach
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7845215
- Latitude
- 27.790319
