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Property profile & analytics
FOR SALE
Hotels
13235 Gulf Blvd 315 Madeira Beach, FL 33708
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-5537598
For Sale
1 / 25
$615,000
13235 Gulf Blvd,Unit 315, Madeira Beach, FL 33708
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2006
Construction
WOOD FRAME
Total area
973 SF
APN
15-31-15-54170-000-3150
UPID
US18-5537598
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
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$542k
Blend (final)
Blend
$560k
Owner & transaction history
Brian F Russoniello · 2 yrs held
Brian F Russoniello
since 2024
Last sale
$559,500
6 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
$560,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$650,000
Current use
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $560k (Jan 12 2024)
Last sale anchor
$560k
Jan 12 2024
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
$576 / 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
$7,505
Tax year 2023
Assessed value
$497,368
Assessed 2023
Previous assessed
$405,565
+22.6% YoY
Effective rate
1.51%
On assessed value
Improvement market value
$497,368
Total market value
$497,368
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
Status
For Sale
Year built
2006
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Total area
973 SF
APN
15-31-15-54170-000-3150
UPID
US18-5537598
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
HOTEL/MOTEL Current
Est. value
$650,000
HOTEL/MOTEL 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
2006
Construction
WOOD FRAME
Heating
NONE
Stories
1
Units
1
Current owner
From public records · entity-resolved
Brian F Russoniello
Individual
Free & Clear · 2 yrs held
Mailing address
PO BOX 247, HARVEYS LAKE, PA 18618-0247
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2024
$559,500
Brian F Russoniello
John Shebel
Warranty Deed
—
Feb 8, 2021
$360,000
John Shebel
Judy Pelon
Warranty Deed
—
Mar 7, 2018
$265,000
Judy Pelon
Mcgee,robert C
Warranty Deed
—
Dec 16, 2015
$227,000
Robert C Mcgee
Crossgate Partners LLC
Warranty Deed
—
Apr 24, 2008
—
Crossgate Partners LLC
Madeira Bay Investors LLC
Quit Claim Deed
related
—
Aug 3, 2007
$200,000
Madeira Bay Investors LLC
Madeira Bay Partners III LLC
Quit Claim Deed
related
—
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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