Two-Unit Duplex
New
For Sale
$550,000
11316 WALSINGHAM Road, Seminole, FL 33778
Residential Income, SEMINOLE, FL
Property Size1,914 SF
Lot Size0.23 Acres
Price / SF$287.36
Days on Market6
Property Features for 11316 WALSINGHAM Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-4
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 3, Dining Room, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 2
Parking features
Open
Pets allowed
Yes
Interior features
High Ceilings, Living Room/Dining Room Combo, Thermostat
Exterior features
Fence
Fencing
Fenced
Appliances
Dishwasher, Disposal, Electric Water Heater, Range, Refrigerator
Subdivision
ORANGE BLOSSOM RIDGE
Directions
113th St to Walsingham Rd. Property is on corner
Standard status
Active
APN
16-30-15-64062-011-0010
Size
1,914 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ORANGE BLOSSOM RIDGE UNIT 3 BLK 11, LOT 1 LESS RD
Tax Annual Amount
7448
Legal Description
ORANGE BLOSSOM RIDGE UNIT 3 BLK 11, LOT 1 LESS RD
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fenced yard
Building Details
Year built
1985
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
REALTY EXPERTS
(727) 888-1000
Listed By:
Nicole Brooks · License #3350317
(727) 481-0814
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 9 at 4:06PM
MLS# TB8546775
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,914-square-foot duplex contains two 2-bedroom, 2-bath units, creating a clearly defined two-unit configuration. Both residences are currently leased and have separate electric and water meters. Interior features include combined living and dining areas, high ceilings, thermostats, kitchens with ranges, refrigerators, dishwashers, disposals, and electric water heaters. Central heating and central air serve the units.
Built in 1985, the block-and-stucco property has a shingle roof that is 7 years old, along with replaced sliding glass doors. The 0.23-acre parcel is enclosed by fencing and includes open parking. Public water and public sewer serve the property, with cable available. Located in Seminole, the property carries R-4 zoning.
Built in 1985, the block-and-stucco property has a shingle roof that is 7 years old, along with replaced sliding glass doors. The 0.23-acre parcel is enclosed by fencing and includes open parking. Public water and public sewer serve the property, with cable available. Located in Seminole, the property carries R-4 zoning.
Key Highlights
- Two 2‑bedroom, 2‑bath units within 1,914 square feet
- Both units are currently leased
- Separate electric and water meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,341
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$446,820
$446.8K
Cap Rate 7%
$319,157
$319.2K
Cap Rate 9%
$248,233
$248.2K
Market Conditions
NOI Build-Up for 1,914 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.2K $17.88/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$31.9K $16.67/SF
− OpEx
−$9.6K −$5.00/SF
NOI
$22.3K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$446,820
Cap Rate 7%
$319,157
Cap Rate 9%
$248,233
Alternative Uses
Best Use
Multifamily LT 5
$319.2K
$279.3K – $372.4K
NOI $22,341 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$251.5K
$220.0K – $293.4K
NOI $17,603 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$497.8K
$435.6K – $580.8K
NOI $34,849 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Explore this area
Business Placement
Demographics for 33778, FL
15,068
Population
8,130
Households
1.9
Avg Household Size
51
Median Age
26%
College-Educated
92%
High-School Grad
3.8 sq mi
ZIP Area
3,965
Density / Sq Mi
$63,633
Median Household Income
$40,198
Median Earnings
$1,697
Median Rent
$267,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R-4-zoned duplex with separate utility metering, leased units, and a fenced yard.
Where is this duplex located?
The property is located at 11316 WALSINGHAM Road Seminole, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath units within 1,914 square feet; Both units are currently leased; Separate electric and water meters for each unit
