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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1701 Gulf Ways4 St Pete Beach, FL 33706-4268

    • Residential income homes
    • 1,110 SF
    OFF-MARKET
    Last Sale
    Jul 06, 2023
    $850,000
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4626863
    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

    • Residential income homes

    Property Details for 1701 Gulf Ways4

    Year built
    1955
    Construction
    WOOD FRAME
    Property size
    1,110 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    18-32-16-88466-000-0040
    APU
    183216884660000040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $735,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $531,000
      Market price range: $323k - $531k
      AI Estimate
      $531,000
      Market price range: $323k - $531k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $665,000

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

    Location Insight

    • Map
    • Local Demand
    City
    St Pete Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7372
    Latitude
    27.6946
    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
    $7,450
    $0.00
    $0.00
    $611,387
    -
    $0.00
    $611,387
    $611,387

    Comparable in this City

    • Value Estimation by Request
      575 SF

      10280 Gulf Blvd, Unit 26

      APARTMENT HOUSE (UNDER 5 UNITS) • 575 SF
      10280 Gulf Blvd, Treasure Island, FL 33706-4811
      View Details
    • Value Estimation by Request
      575 SF

      10280 Gulf Blvd, Unit 27

      APARTMENT HOUSE (UNDER 5 UNITS) • 575 SF
      10280 Gulf Blvd, Treasure Island, FL 33706-4811
      View Details
    • Value Estimation by Request
      825 SF

      175 55th Ave, Unit 104

      APARTMENT HOUSE (UNDER 5 UNITS) • 825 SF
      175 55th Ave, St Pete Beach, FL 33706-2349
      View Details
    • Value Estimation by Request
      775 SF

      175 55th Ave, Unit 208

      APARTMENT HOUSE (UNDER 5 UNITS) • 775 SF
      175 55th Ave, St Pete Beach, FL 33706-2351
      View Details
    • Value Estimation by Request
      420 SF

      111 60th Ave, Unit 2A

      APARTMENT HOUSE (UNDER 5 UNITS) • 420 SF
      111 60th Ave, St Pete Beach, FL 33706-3729
      View Details
    • Value Estimation by Request
      1,335 SF

      300 64th Ave, Unit 226

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,335 SF
      300 64th Ave, St Pete Beach, FL 33706-2146
      View Details

    Similar Nearby for Sale

    • $4,868,570

      Luxury Coastal Estate: Treasure Island

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    • New
      $800,000
      Pending

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      Income-producing properties with redevelopment potential in St. Pete Beach, Florida.
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    • $2,090,000

      Waterfront Apartment Building in Treasure Island

      8-unit waterfront apartment building near Gulf beach and Johns Pass.
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    • $3,400,000
      10,964 SF

      Resort-Style Apartments on St Pete Beach

      Luxury multifamily property on world-famous St Pete Beach.
      8630 Blind Pass Rd, St Pete Beach, FL 33706
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      Duplex Near St. Pete Beach

      Duplex with rental income potential near beaches and amenities.
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    Similar Nearby for Lease

    • Contact for pricing
      975 SF

      Retail Space Near I-275

      Retail space with high visibility and easy highway access.
      11002-11140 4Th St N, St Petersburg, FL 33706
      View Details
    • Contact for pricing
      1,498 SF

      Retail Space on St. Pete Beach

      Retail spaces available in grocery-anchored St. Pete Beach center.
      4615-4685 Gulf Blvd, St Pete Beach, FL 33706
      View Details
    • $14 SF/Yr
      2,000 SF

      Gulf Blvd Retail Opportunity

      Retail spaces available on Gulf Blvd, St. Pete Beach.
      5501 Gulf Blvd, St Pete Beach, FL 33706
      View Details
    • Contact for pricing
      1,640 SF

      Retail Space on 107th Avenue

      Retail space on Treasure Island's main commercial artery for rent.
      116 107Th Ave, Treasure Island, FL 33706
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space on 107th Avenue

      Retail space with high visibility and ample parking.
      152 107Th Ave, Treasure Island, FL 33706
      View Details
    • $108,000

      Prime Retail Space in Treasure Island

      Located in the heart of downtown Treasure Island, flexible retail space.
      170-174 107Th Ave, Treasure Island, FL 33706
      View Details
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    1701 Gulf Ways4
    St Pete Beach, FL 33706-4268
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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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