Licensed Group Home
For Sale
$495,000
322 REGAL PARK Drive, Valrico, FL 33594
Residential Income, VALRICO, FL
Property Size2,036 SF
Lot Size0.10 Acres
Price / SF$243.12
Days on Market198
Property Features for 322 REGAL PARK Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 2
Interior features
Ceiling Fans(s)
Exterior features
Fence
Fencing
Fenced
Subdivision
VALRICO MANOR UNIT 3
Directions
Valrico Road south of Hwy 60 to entrance of Valrico Manor just pass the Publix Shopping Center, turn right and immediate left and follow to 322 Regal Park Dr.
Standard status
Active
APN
U-25-29-20-2FP-000001-00019.0
Size
2,036 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
VALRICO MANOR UNIT 3 LOT 19 BLOCK 1
Tax Annual Amount
6357
Legal Description
VALRICO MANOR UNIT 3 LOT 19 BLOCK 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Number of units
1
Flooring type
Hardwood
Building materials
Block
Roof type
Shingle
Listing Agency:
VYLLA HOME
(813) 947-7996
Listed By:
Danuta Mazurek · License #485998
(813) 727-6711
Added: Feb 6
Changed: Aug 19
Last Checked: Aug 23 at 8:06AM
MLS# TB8473860
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 single-family residential property is currently licensed for a standard group home for 6+ residents. The home has multiple recent updates, including an HVAC unit replaced in 2023, a roof replacement in 2021, fresh interior and exterior paint, new flooring, and updated kitchen countertops (07/2024). Additional improvements include a water heater replacement in 07/2025, a solar system with assumable payments, and a Tesla Powerwall installed in 11/2025. Several other upgrades are noted, including bathroom vanity updates in 07/2024, a new fence installed in 04/2025, and completion of fire inspection in 12/2025.
The property is located at 322 Regal Park Drive in Valrico, Florida, within Hillsborough County. It is zoned PD and is identified as having no HOA.
At approximately 2,036 square feet, the residence is equipped and permitted for group home use under its current license, with additional completed inspections and maintenance items noted in the remarks.
The property is located at 322 Regal Park Drive in Valrico, Florida, within Hillsborough County. It is zoned PD and is identified as having no HOA.
At approximately 2,036 square feet, the residence is equipped and permitted for group home use under its current license, with additional completed inspections and maintenance items noted in the remarks.
Key Highlights
- Single residential home currently licensed as a standard group home for 6+ residents
- Recent major updates: A/C (2023), roof replacement (2021), and water heater replaced 07/2025
- Solar system with assumable payments, plus Tesla Powerwall installed 11/2025
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
$23,949
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
4.84%
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%
$478,980
$479.0K
Cap Rate 7%
$342,129
$342.1K
Cap Rate 9%
$266,100
$266.1K
Market Conditions
NOI Build-Up for 2,036 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
$45.9K $22.56/SF
− Vacancy
−$2.4K −$1.17/SF
EGI
$43.5K $21.39/SF
− OpEx
−$19.6K −$9.62/SF
NOI
$23.9K $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%
$478,980
Cap Rate 7%
$342,129
Cap Rate 9%
$266,100
Alternative Uses
Best Use
Apartment 5plus
$342.1K
$299.4K – $399.2K
NOI $23,949 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$765.9K
$670.2K – $893.6K
NOI $53,614 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
767
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Residential property currently licensed as a standard group home for 6+ residents with recent major system updates.
Where is this single family property located?
The property is located at 322 REGAL PARK Drive Valrico, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Single residential home currently licensed as a standard group home for 6+ residents; Recent major updates: A/C (2023), roof replacement (2021), and water heater replaced 07/2025; Solar system with assumable payments, plus Tesla Powerwall installed 11/2025
