Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    399 C 2nd St, Unit 218 Indian Rocks Beach, FL 33785
    Back to Search
    Property profile & analytics

    399 C 2nd St, Unit 218, Indian Rocks Beach, FL 33785

    View on Map
    • Hotels
    • 1,110 SF
    Off-Market
    Last Sale Mar 19, 2021
    $495,000
    Property ID
    US18-8468158
    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
    $585,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 399 C 2nd St

    Year built
    2016
    Construction
    WOOD FRAME
    Property type
    Hotels
    APN
    12-30-14-36411-000-2180
    APU
    123014364110002180

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 19, 2021 $495,000 Enver Karadayi M Clark Investments LLC Warranty Deed $421k · Bank Of The Ozarks
    Apr 11, 2017 $370,000 David M Clark Investments LLC Harbourside Villas INC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $625,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $790,000
      Current use
      COMMERCIAL (GENERAL)
      $690,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Indian Rocks Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.8485
    Latitude
    27.8815
    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
    $9,955
    $0.00
    $0.00
    $629,079
    -
    $0.00
    $629,079
    $629,079

    Comparable in this City

    • Value Estimation
      $565,000
      950 SF

      19417 Gulf Blvd, Unit E112

      HOTEL/MOTEL
      19417 Gulf Blvd, Indian Shores, FL 33785-2216
      View Details
    • Value Estimation
      $565,000
      950 SF

      19417 Gulf Blvd, Unit B109

      HOTEL/MOTEL
      19417 Gulf Blvd, Indian Shores, FL 33785-2216
      View Details
    • Value Estimation
      $565,000
      950 SF

      19417 Gulf Blvd, Unit C112

      HOTEL/MOTEL
      19417 Gulf Blvd, Indian Shores, FL 33785-2216
      View Details
    • Value Estimation
      $890,000
      1,110 SF

      399 B 2nd St, Unit 207

      HOTEL
      399 B 2nd St, Indian Rocks Beach, FL 33785
      View Details
    • Value Estimation
      $890,000
      1,110 SF

      399 B 2nd St, Unit 209

      HOTEL
      399 B 2nd St, Indian Rocks Beach, FL 33785
      View Details
    • Value Estimation
      $890,000
      1,110 SF

      399 B 2nd St, Unit 302

      HOTEL
      399 B 2nd St, Indian Rocks Beach, FL 33785
      View Details

    Similar Nearby for Sale

    • $3,500,000

      Gulf-Front Property Remodel Opportunity

      Gulf-front property in Indian Shores, prime for remodel or redevelopment.
      19306 Gulf Blvd, Indian Rocks Beach, FL 33785
      View Details
    • $4,199,000
      5,932 SF

      Waterfront Apartment Complex with Boat Slips

      Renovated 8-unit apartment complex with marina in Indian Rocks Beach.
      2307 Bay Blvd, Indian Rocks Beach, FL 33785
      View Details
    • $4,490,000
      Pending

      Gulf-Front Development Opportunity

      Prime Gulf-front property with Intracoastal access for development.
      30 Gulf Blvd, Indian Rocks Beach, FL 33785
      View Details
    • $4,199,000
      0.44 Acres

      Waterfront Multifamily with Rental Potential

      Waterfront multifamily property with short-term rental zoning and marina.
      2307 Bay Blvd, Indian Rocks Beach, FL 33785
      View Details
    • $4,199,000
      5,932 SF

      Waterfront Apartment Complex with Boat Slips

      Renovated apartment complex with boat slips in Indian Rocks Beach.
      2307 Bay Blvd, Indian Rocks Beach, FL 33785
      View Details
    • $349,900

      Furnished Corner 1BR Condo

      Upstairs 1-bedroom unit with bonus sunroom and fully equipped kitchen in a beachfront resort with deeded beach access.
      19417 Gulf Blvd, Indian Rocks Beach, FL 33785
      View Details

    Similar Nearby for Lease

    • $2,300 /Mo
      768 SF

      Updated Office Space in IRB

      Commercial office space with garage and storage in Indian Rocks Beach.
      500 2Nd St, Indian Rocks Beach, FL 33785
      View Details
    • $27,600

      Indian Rocks Beach Office Space

      Updated office space in Indian Rocks Beach downtown business district.
      500 2Nd St, Indian Rocks Beach, FL 33785
      View Details
    • Contact for pricing
      1,400 SF

      Prime Gulf Boulevard Retail/Office Space

      Highly visible retail or office space in Indian Rocks Beach.
      2701 Gulf Blvd, Indian Rocks Beach, FL 33785
      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.
    399 C 2nd St, Unit 218
    Indian Rocks Beach, FL 33785
    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

    Thank You for Inquiry
    399 C 2nd St, Indian Rocks Beach, FL, 33785
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!