Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8921 Blind Pass Rd, Unit 351 St Pete Beach, FL 33706-1472

    • Residential income homes
    • 590 SF
    OFF-MARKET
    Last Sale
    Nov 29, 2021
    $261,250
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    2.3%
    Residential income homes
    Location Intelligence
    Property ID
    US18-6305512
    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

    • Life Of The Party Entertainment / Singing Telegram Service
    • Realty Exchange (Gulf Coast) / Real Estate Agency
    • Boca Shores Waterside Retreat / Serviced Apartment

    Property Details for 8921 Blind Pass Rd

    Year built
    1973
    Construction
    WOOD FRAME
    Property size
    590 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    25-31-15-09975-023-3510
    APU
    253115099750233510

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $305,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $254,000
      Market price range: $172k - $282k
      AI Estimate
      $254,000
      Market price range: $172k - $282k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $220,000
      Current use
      COMMERCIAL (GENERAL)
      $355,000
      Change: +60% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $205,000
      Change: -7% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $190,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    St Pete Beach
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7561
    Latitude
    27.753
    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
    $3,581
    $0.00
    $0.00
    $221,798
    -
    $0.00
    $221,798
    $221,798

    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

      3-Unit Multifamily, Ocean Views
      12400 Capri Cir, Treasure Island, FL 33706
      View Details
    • $2,695,000
      3,780 SF

      Treasure Island Boutique Hotel Opportunity

      Charming 10-room boutique hotel near Treasure Island beaches.
      12100 Gulf Blvd, Treasure Island, FL 33706
      View Details
    • New
      $800,000
      Pending

      Income-Producing St. Pete Beach Portfolio

      Income-producing properties with redevelopment potential in St. Pete Beach, Florida.
      503 69Th Ave, St Pete Beach, FL 33706
      View Details
    • $2,090,000

      Waterfront Apartment Building in Treasure Island

      8-unit waterfront apartment building near Gulf beach and Johns Pass.
      11705 3Rd St E 9, Saint Petersburg, FL 33706
      View Details
    • $3,400,000
      10,964 SF

      Resort-Style Apartments Near St Pete Beach

      Resort-style multifamily property near St Pete Beach with consistently reliable revenue.
      8630 Blind Pass Rd, St Pete Beach, FL 33706
      View Details
    • $375,000
      Pending

      Duplex Near St. Pete Beach

      Duplex with rental income potential near beaches and amenities.
      117 73Rd Ave, St Pete Beach, FL 33706
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      136,224 SF

      Dolphin Village Retail Space

      St. Pete Beach Retail, Publix-Anchored
      4655 Gulf Blvd, St. Pete Beach, FL 33706
      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.
    8921 Blind Pass Rd, Unit 351
    St Pete Beach, FL 33706-1472
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.