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Property profile & analytics
OFF-MARKET
Estimated value
$2,450,000
Hotels
14048 Gulf Blvd Madeira Beach, FL 33708-2213
Entity Owned
3-yr Hold
Free & Clear
Property ID
US18-3009628
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1940
Construction
CONCRETE BLOCKS
Total area
3,072 SF
Lot
0.09 ac (3,999 SF)
APN
10-31-15-34344-001-0250
UPID
US18-3009628
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
$2.30M
Blend (final)
Blend
$2.45M
Owner & transaction history
Beach Flower 2 LLC · 3 yrs held
Beach Flower 2 LLC
since 2023
Last sale
$2.6M
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 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
$2,465,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,055,000
Current use
Blend value · Realmo final
$2.45M
Range $2.21M – $2.70M · ±10% · vs last sale $2.60M (May 31 2023)
Last sale anchor
$2.60M
May 31 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
$798 / 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
$34,300
Tax year 2023
Assessed value
$2,125,000
Assessed 2023
Previous assessed
$700,000
+203.6% YoY
Effective rate
1.61%
On assessed value
Land market value
$1,781,042
Improvement market value
$343,958
Total market value
$2,125,000
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
1940
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
AC.PACKAGE
Stories
2
Units
4
Bathrooms
6
Total area
3,072 SF
Lot
0.09 ac (3,999 SF)
APN
10-31-15-34344-001-0250
UPID
US18-3009628
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
$2.1M
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
1940
Construction
CONCRETE BLOCKS
Heating
YES
Cooling
Yes
Stories
2
Units
4
Bathrooms
6
Lot
0.09 ac
Current owner
From public records · entity-resolved
Beach Flower 2 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
100 N BROADWAY STE #1700, SAINT LOUIS, MO 63102-2709
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2023
—
Beach Flower 2 LLC
Beach Flower LLC
Intrafamily Transfer
related
—
Oct 3, 2022
$2,600,000
Beach Flower LLC
Harm Zwart
Warranty Deed
—
Mar 26, 2019
$100
USA Zebe M Living Trust
Zwart,harm
Warranty Deed
related
—
Jun 29, 2009
—
Zebe Mgmt USA Living Trust
Zwart,harm
Warranty Deed
related
—
Dec 11, 2000
$575,000
Harm Zwart
Farnum,james M & Joan E
Grant Deed
$431,250 · Amsouth Bank
—
—
James M Farnum
—
Deed Of Trust
related
$37,000 · Fleet Bank Fsb
—
—
James M Farnum
—
Deed Of Trust
related
$392,000 · First American Mtg & Lending
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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