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

    2834 Bch S Blvd Gulfport, FL 33707-5536

    • Strip malls
    • 8,934 SF
    • 0.22 lot acres
    OFF-MARKET
    Last Sale
    Oct 27, 2022
    $1,600,000
    Value Estimations
    $1,395,000
    Show details
    Cap Rate Potential
    8.6%
    Strip malls
    Location Intelligence
    Property ID
    US19-0691960
    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

    • Strip malls

    Property Details for 2834 Bch S Blvd

    Year built
    1926
    Construction
    CONCRETE BLOCKS
    Lot size
    0.22 lot acres
    Property size
    8,934 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    33-31-16-68904-000-0010
    APU
    333116689040000010

    Description

    This exceptional mixed-use building, located at 2834 Beach Blvd S in Gulfport, Florida, presents a compelling investment opportunity. Built in 1926 and extensively renovated in 2015, this 8,934 square foot property boasts a prime location just blocks from the beach in the vibrant Tampa Bay area. The building features a versatile NT-1 zoning designation, allowing for a wide range of business uses. The ground floor currently houses two retail spaces, while the second floor offers 2,340 square feet of executive office space, divisible into four individual units. Each office features attractive finishes and abundant natural light. Access to the second floor is via the ground floor coffee shop, offering the potential for a single tenant to lease both levels as one contiguous space. The 10,064 square foot lot sits within a thriving community, surrounded by restaurants, shops, and hotels, and benefits from a high volume of both local residents (approximately 12,000) and tourists. Proximity to Gulfport Municipal Beach, the Walter and Bert Williams Fishing Pier, Clam Bayou Nature Park, and the Gulfport Tuesday Fresh Market adds to the property's appeal. This well-maintained building offers updated infrastructure and modern amenities, combining historical charm with contemporary functionality. It represents a strong long-term investment opportunity for owner-users or investors seeking a property in a desirable and rapidly growing area. The property's solid investment potential is further enhanced by its updated infrastructure and modern amenities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,150,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,655,000
      6.5%
      $1,530,000
      7%
      $1,420,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,857,000
      Market price range: $1.27M - $3.97M
      AI Estimate
      $1,857,000
      Market price range: $1.27M - $3.97M

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

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7075
    Latitude
    27.7412
    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
    $20,212
    $0.00
    $0.00
    $1,205,000
    -
    $624,391
    $580,609
    $1,205,000

    Comparable in this City

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    • Value Estimation by Request
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      1422 58th S St

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      7220 Central Ave

      SHOPPING CENTER, STRIP CENTER • 1,710 SF
      7220 Central Ave, Saint Petersburg, FL 33707-1118
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    • Value Estimation
      $215,000
      2,400 SF

      1417 49th S St

      SHOPPING CENTER, STRIP CENTER • 2,400 SF
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      View Details
    • Value Estimation by Request
      3,240 SF

      1611 58th S St

      SHOPPING CENTER, STRIP CENTER • 3,240 SF
      1611 58th S St, Gulfport, FL 33707-4102
      View Details
    • Value Estimation by Request
      6,908 SF

      118 49th S St

      SHOPPING CENTER, STRIP CENTER • 6,908 SF
      118 49th S St, Saint Petersburg, FL 33707-1924
      View Details

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    Gulfport, FL 33707-5536
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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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