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    16401 Gulf Blvd North Redington Beach, FL 33708-1543
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    Property profile & analytics

    16401 Gulf Blvd, North Redington Beach, FL 33708-1543

    View on Map
    • Office buildings
    • 1,596 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Aug 1, 2023
    $638,000
    Property ID
    US18-9699520
    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
    $590,000
    Show details
    Cap Rate Potential
    4.4%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 16401 Gulf Blvd

    Year built
    1971
    Construction
    CONCRETE BLOCKS
    Lot size
    0.17 lot acres
    Property type
    Office buildings
    APN
    05-31-15-73836-000-0110
    APU
    53115738360000110

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 27, 2026 $830,000 Francis Michael Massucci Beach Time Realty Group LLC Warranty Deed —
    Aug 1, 2023 $638,000 Beach Time Realty Group LLC Angela H Busse Warranty Deed $518k · Busse Family Trust
    Sep 10, 2014 — Busse Family Trust Busse,eric S & Angela H Quit Claim Deed · related —
    Aug 12, 2013 $250,000 Eric S Busse M & W Florida Properties LLC Warranty Deed $100k · M & W Florida Properties LLC
    Nov 19, 2009 — M & W Florida Properties LLC Messmore John W Trust Warranty Deed —
    Mar 10, 2008 $440,000 John W Amended Messmore Jorgensen Moore Ltd Warranty Deed —
    Apr 4, 2003 $220,000 Jorgensen Moore Ltd Suncoast Resort Rentals INC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $605,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $440,000
      6.5%
      $405,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $534,000
      Market price range: $321k - $683k
      AI Estimate
      $534,000
      Market price range: $321k - $683k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $475,000
      Current use
      AUTO REPAIR, GARAGE
      $555,000
      Change: +17% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $505,000
      Change: +7% Conversion: Difficult
      WAREHOUSE, STORAGE
      $385,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    North Redington Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.8189
    Latitude
    27.8143
    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
    $4,733
    $0.00
    $0.00
    $325,000
    -
    $213,557
    $111,443
    $325,000

    Comparable in this City

    • Value Estimation
      $4,090,000
      20,367 SF

      4300 Duhme Rd

      OFFICE BUILDING (MULTI-STORY)
      4300 Duhme Rd, Madeira Beach, FL 33708-2892
      View Details
    • Value Estimation
      $1,550,000
      7,716 SF

      14955 Gulf Blvd

      OFFICE BUILDING
      14955 Gulf Blvd, Madeira Beach, FL 33708-2013
      View Details
    • Value Estimation by Request
      9,522 SF

      17985 Gulf Blvd

      OFFICE BUILDING
      17985 Gulf Blvd, Redington Shores, FL 33708-1135
      View Details
    • Value Estimation by Request
      2,451 SF

      15023 Gulf Blvd

      OFFICE BUILDING
      15023 Gulf Blvd, Madeira Beach, FL 33708-2023
      View Details
    • Value Estimation
      $1,430,000
      7,239 SF

      13495 Gulf Blvd

      PROFESSIONAL BUILDING
      13495 Gulf Blvd, Madeira Beach, FL 33708-2515
      View Details
    • Value Estimation by Request
      1,440 SF

      13443 Gulf Blvd

      OFFICE BUILDING
      13443 Gulf Blvd, Madeira Beach, FL 33708-2515
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Industrial Warehouse with Outdoor Storage

      11,780 SF industrial warehouse with outdoor storage on 1.5-acres.
      5275 95Th St N, St Petersburg, FL 33708
      View Details
    • $1,950,000
      Pending

      Lakefront Mixed-Use Property For Sale

      Lakefront property with residential, office, and income potential.
      10830 Navajo Dr, St Petersburg, 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
    • $1,200,000
      2,113 SF

      Turn-Key Airbnb Triplex Villa

      Gulf-side triplex with hotel designation, steps from the beach.
      130 177Th Ter W, Redington Shores, FL 33708
      View Details
    • Contact for pricing
      4,022 SF

      Waterfront Hotel Near John's Pass

      Turn-key, 5-unit waterfront hotel near Madeira Beach.
      12955 Pelican Ln, Madeira Beach, FL 33708
      View Details

    Similar Nearby for Lease

    • $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
      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
    • Contact for pricing

      Waterfront Retail Space in Johns Pass

      Prime retail space in Pinellas County's top tourist attraction.
      111 Boardwalk Pl W, Madeira Beach, FL 33708
      View Details
    • Contact for pricing
      1,215 SF

      Retail Space Near Beach Access

      Retail space with high visibility and steady foot traffic.
      18115 Gulf Blvd, Redington Shores, FL 33708
      View Details
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    North Redington Beach, FL 33708-1543
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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.

    More about this property
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    16401 Gulf Blvd, North Redington Beach, FL, 33708
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