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    Property profile & analytics

    203 Bath Club Blvd North Redington Beach, FL 33708

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5546892
    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

    • Commercial real estate

    Property Details for 203 Bath Club Blvd

    Property type
    Commercial real estate

    Description

    This exceptional 8,734 square foot residential lot in North Redington Beach, Florida (33708), presents a unique opportunity to build a custom waterfront home. Boasting 70 feet of south-facing waterfront access with deep sailboat water, this property offers unparalleled luxury. Enjoy easy beach access via a private resident's entrance and a complimentary parking pass for Redington Beach's public parking. The neighborhood provides a park with tennis and pickleball courts, a playground, exercise equipment, walking paths, and a gazebo. Take advantage of the area's vibrant community events, including fishing tournaments, boat parades, and food and wine festivals. Conveniently located near downtown St. Petersburg and Tampa, this property is also within 30 minutes of Tampa International Airport and St. Pete/Clearwater Airport. There are no HOA or community association fees. This buildable lot is perfect for creating a luxurious waterfront residence. The seller is motivated. Pinellas County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Redington Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.819683516422
    Latitude
    27.819084357369

    Comparable in this City

    • $949,000
      0.20 Acres

      Waterfront Lot Ready for Redevelopment

      Waterfront lot in Redington Shores ready for redevelopment.
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    • $1,390,000
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      Luxury Waterfront Triplex

      Madeira Beach investment opportunity. High ROI.
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    • $1,700,000
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      Madeira Beach Multi-Family Investment

      Eight-unit complex in prime location, ideal for short-term rentals.
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    • $1,295,000
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      Waterfront Duplex on Johns Pass

      Waterfront duplex with Gulf access and development options.
      439 129Th Ave E, Madeira Beach, FL 33708
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    • $1,195,000
      0.18 Acres

      Waterfront Estate in Redington Beach

      Waterfront estate with unobstructed bay views and direct waterfrontage.
      16003 5Th St E, Redington Beach, FL 33708
      View Details
    • $3,000,000
      1,354 SF

      Mixed-Use Property in Madeira Beach

      Mixed-use property in John’s Pass Village with redevelopment potential.
      13062 Gulf Blvd, Madeira Beach, FL 33708
      View Details

    Similar Nearby for Sale

    • $949,000
      0.20 Acres

      Waterfront Lot Ready for Redevelopment

      Waterfront lot in Redington Shores ready for redevelopment.
      18207 Gulf Blvd, Saint Petersburg, FL 33708
      View Details
    • $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
    • $1,295,000
      Pending

      Waterfront Duplex on Johns Pass

      Waterfront duplex with Gulf access and development options.
      439 129Th Ave E, Madeira Beach, FL 33708
      View Details
    • $1,195,000
      0.18 Acres

      Waterfront Estate in Redington Beach

      Waterfront estate with unobstructed bay views and direct waterfrontage.
      16003 5Th St E, Redington Beach, FL 33708
      View Details
    • $3,000,000
      1,354 SF

      Mixed-Use Property in Madeira Beach

      Mixed-use property in John’s Pass Village with redevelopment potential.
      13062 Gulf Blvd, 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.
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    • $28 SF/Yr
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      Renovated Retail Space in Madeira

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      Beachmaker Retail Space: Madeira Beach

      Prime Retail/Restaurant Opportunity. 26,000 SF, Class A.
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      Renovated Office Condo Near Beach

      Renovated office condo near the beach with ample amenities.
      150 153Rd Ave, Madeira Beach, FL 33708
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    • $2,530 /Mo
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      Renovated Office Condo Near Beach

      Bright, renovated office condo near the beach with ample amenities.
      150 153Rd Ave, Madeira Beach, FL 33708
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    • 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
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    203 Bath Club Blvd
    North Redington Beach, FL 33708
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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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