Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16333 Gulf Blvd, Unit 103 Redington Beach, FL 33708-1541

    • Hotels
    • 245 SF
    OFF-MARKET
    Last Sale
    Apr 27, 2021
    $152,500
    Value Estimations
    $175,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0595825
    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

    • Royal Orleans Unit 104 - Here & There BnB / Lodging
    • Public Beach Access / Tourist Attraction
    • Royal Orleans-Pinellas Condo / Condominium Complex
    • Chasing The Sea / Hotel
    • Royal Orleans Resort / Indoor Lodging / Condominium Rental Agency

    Property Details for 16333 Gulf Blvd

    Year built
    1950
    Construction
    WOOD FRAME
    Property size
    245 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    05-31-15-77287-000-1030
    APU
    53115772870001030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $180,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $164,000
      Market price range: $136k - $198k
      AI Estimate
      $164,000
      Market price range: $136k - $198k

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $165,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Redington Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.8178
    Latitude
    27.8135
    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
    $2,265
    $0.00
    $0.00
    $152,049
    -
    $0.00
    $152,049
    $152,049

    Comparable in this City

    • Value Estimation by Request
      6,764 SF

      17002 Gulf Blvd

      HOTEL/MOTEL • 6,764 SF
      17002 Gulf Blvd, North Redington Beach, FL 33708-1441
      View Details
    • Value Estimation by Request
      290 SF

      17300 Gulf Blvd, Unit 1

      HOTEL/MOTEL • 290 SF
      17300 Gulf Blvd, North Redington Beach, FL 33708-1347
      View Details
    • Value Estimation by Request
      495 SF

      16333 Gulf Blvd, Unit 116

      HOTEL/MOTEL • 495 SF
      16333 Gulf Blvd, Redington Beach, FL 33708-1541
      View Details
    • Value Estimation by Request
      185 SF

      14560 Gulf Blvd, Unit 12

      HOTEL/MOTEL • 185 SF
      14560 Gulf Blvd, Madeira Beach, FL 33708-2148
      View Details
    • Value Estimation by Request
      393 SF

      14251 Gulf Blvd, Unit 15

      HOTEL/MOTEL • 393 SF
      14251 Gulf Blvd, Madeira Beach, FL 33708-2236
      View Details
    • Value Estimation by Request
      404 SF

      17880 Gulf Blvd, Unit 2

      HOTEL/MOTEL • 404 SF
      17880 Gulf Blvd, Redington Shores, FL 33708-1167
      View Details

    Similar Nearby for Sale

    • $1,390,000
      2,752 SF

      Luxury Waterfront Triplex

      Madeira Beach investment opportunity. High ROI.
      14975 1St St, Madeira Beach, FL 33708
      View Details
    • $1,700,000
      345 SF

      Madeira Beach Multi-Family Investment

      Eight-unit complex in prime location, ideal for short-term rentals.
      14715 Gulf Blvd, Madeira Beach, FL 33708
      View Details
    • $499,900
      Pending

      MADEIRA BEACH Land Opportunity

      Double lot zoned for single-family or duplex near the beach.
      13280 4Th St E, Madeira Beach, FL 33708
      View Details
    • $1,200,000
      0.17 Acres

      Waterfront Lot in Redington Beach

      Rare waterfront lot ready to build your coastal dream home.
      16325 Redington Dr, Redington Beach, FL 33708
      View Details
    • $3,000,000
      0.16 Acres

      MADEIRA BEACH Commercial Land Opportunity

      Commercial land in desirable Madeira Beach with redevelopment potential.
      13062 Gulf Blvd, Madeira Beach, FL 33708
      View Details
    • $450,000
      0.17 Acres

      Madeira Beach Redevelopment Opportunity

      Rare lot near Boca Ciega Bay, ideal for development.
      13150 Boca Ciega Ave, Madeira Beach, FL 33708
      View Details

    Similar Nearby for Lease

    • $2,950 /Mo

      Furnished Penthouse Condo with Balcony

      Modern 3-bedroom condo with nature preserve view and amenities.
      6425 Shoreline Dr, Saint Petersburg, FL 33708
      View Details
    • $28 SF/Yr
      1,140 SF

      Renovated Retail Space in Madeira

      Retail space available in renovated center near Madeira Beach.
      14995 Gulf Blvd, Madeira Beach, FL 33708
      View Details
    • $45 SF/Yr
      26,000 SF

      Beachmaker Retail Space: Madeira Beach

      Prime Retail/Restaurant Opportunity. 26,000 SF, Class A.
      15000 Madeira Way, Madeira Beach, FL 33708
      View Details
    • $2,530 /Mo
      1,300 SF

      Renovated Office Condo Near Beach

      Renovated office condo near the beach with ample amenities.
      150 153Rd Ave, Madeira Beach, FL 33708
      View Details
    • $2,530 /Mo
      1,300 SF

      Renovated Office Condo Near Beach

      Bright, renovated office condo near the beach with ample amenities.
      150 153Rd Ave, Madeira Beach, FL 33708
      View Details
    • Contact for pricing
      12,570 SF

      John's Pass Waterfront Retail

      Prime Madeira Beach location, multiple suites available.
      111 Boardwalk Pl, Madeira Beach, FL 33708
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16333 Gulf Blvd, Unit 103
    Redington Beach, FL 33708-1541
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.