Three-Bedroom Income
New
For Sale
$229,000
207 PENMARK STONE Place, Valrico, FL 33594
Residential Income, VALRICO, FL
Property Size1,560 SF
Lot Size0.03 Acres
Price / SF$146.79
Days on Market2
Property Features for 207 PENMARK STONE Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 1
Parking features
On Street, Guest, Assigned
Window features
Blinds
Patio and Porch features
Porch
Pets allowed
Number Limit, Breed Restrictions
Interior features
Ceiling Fans(s), PrimaryBedroom Upstairs, Split Bedroom, Stone Counters, Thermostat
Exterior features
Lighting, Rain Gutters, Sidewalk, Sprinkler Metered, Storage
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
KINGS MILL PH II
Lot features
In County, Landscaped, Sidewalk, Street Dead- End, Paved
Elementary school
Nelson-HB
Middle school
Mulrennan-HB
High school
Durant-HB
Directions
GPS
Standard status
Active
APN
U-20-29-21-82R-000029-00007.0
Size
1,560 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
KINGS MILL PHASE II LOT 7 BLOCK 29
Tax Annual Amount
3500
Legal Description
KINGS MILL PHASE II LOT 7 BLOCK 29
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
gated community
pool
screened porch
lanai
washer/dryer
Building Details
Year built
2006
Floors in Building
2
Flooring type
Wood, Carpet, Tile - Ceramic
Building materials
Block, Concrete, Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
TAMPA4U.COM REALTY,LLC
(813) 671-6657
Listed By:
Irene Sandiego
(813) 451-3601
Added: Sep 26
Changed: Sep 27
Last Checked: Sep 27 at 1:06PM
MLS# TB8552444
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 two-story townhouse in the gated Kings Mill community offers 1,560 square feet, three bedrooms, and 2.5 bathrooms. The floor plan includes a kitchen with granite counters, a dining area, and a large family room. Upstairs are the primary bedroom with an en suite bath, another bedroom, and a den or office. A screened porch with a storage closet extends the living area. The home was built in 2006, and the roof was replaced in 2025; it also has a newer HVAC system. The property occupies a 0.03-acre lot.
The residence is on a dead-end street, within walking distance of the community pool and mailbox kiosk. Shopping, restaurants, and expressway access are described as nearby. The property is tenant-occupied under a lease through April 30, 2027.
The residence is on a dead-end street, within walking distance of the community pool and mailbox kiosk. Shopping, restaurants, and expressway access are described as nearby. The property is tenant-occupied under a lease through April 30, 2027.
Key Highlights
- 1,560‑square‑foot townhouse on a 0.03‑acre lot
- Three bedrooms and 2.5 bathrooms, including an upstairs den or office
- Screened porch with storage closet
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
$18,350
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
8.01%
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%
$367,000
$367.0K
Cap Rate 7%
$262,143
$262.1K
Cap Rate 9%
$203,889
$203.9K
Market Conditions
NOI Build-Up for 1,560 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
$35.2K $22.56/SF
− Vacancy
−$1.8K −$1.17/SF
EGI
$33.4K $21.39/SF
− OpEx
−$15.0K −$9.62/SF
NOI
$18.3K $11.76/SF
Area
Brandon, FL
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
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%
$367,000
Cap Rate 7%
$262,143
Cap Rate 9%
$203,889
Alternative Uses
Best Use
Apartment 5plus
$262.1K
$229.4K – $305.8K
NOI $18,350 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$586.8K
$513.5K – $684.7K
NOI $41,079 @ 7.0% cap · market cap 17.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 33594, FL
35,299
Population
14,067
Households
2.5
Avg Household Size
43
Median Age
33%
College-Educated
91%
High-School Grad
10.2 sq mi
ZIP Area
3,461
Density / Sq Mi
$91,969
Median Household Income
$46,905
Median Earnings
$1,684
Median Rent
$300,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The tenant’s current lease runs through April 30, 2027, providing an established occupancy arrangement.
Where is this residential income property located?
The property is located at 207 PENMARK STONE Place Valrico, FL.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: 1,560‑square‑foot townhouse on a 0.03‑acre lot; Three bedrooms and 2.5 bathrooms, including an upstairs den or office; Screened porch with storage closet
