Remodeled 4-Unit
For Sale
$1,290,000
5802 MOHR Loop, Tampa, FL 33615
Residential Income, TAMPA, FL
Property Size4,632 SF
Lot Size0.74 Acres
Price / SF$278.50
Days on Market641
Property Features for 5802 MOHR Loop
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
PD
Bedrooms
10
Bathrooms
8
Full bathrooms
8
Rooms
Laundry Room, Bedroom 9, Bedroom 6, Bathroom 5, Bathroom 3, Bathroom 4, Bathroom 7, Bathroom 2, Bathroom 6, Bedroom 8, Bathroom 1, Bathroom 8, Bedroom 3, Bedroom 1, Bedroom 7, Bedroom 10, Bedroom 5, Bedroom 2, Bedroom 4
Parking features
On Street, Open
Window features
Insulated Windows, Storm Window(s), ENERGY STAR Qualified WIndows
Interior features
Ceiling Fans(s), High Ceilings
Exterior features
Balcony
Appliances
Dishwasher, Ice Maker, Microwave, Refrigerator
Subdivision
UNPLATTED
Elementary school
Bay Crest-HB
Middle school
Davidsen-HB
High school
Alonso-HB
Directions
From Hillsborough av take Memorial Hwy to Mohr loop , turn left on mohr loop. Property will be on the left.
Standard status
Active
APN
U-34-28-17-ZZZ-000000-40940.0
Size
4,632 SF
Lot size
0.74 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
TRACT BEG 556.11 FT S OF NW COR OF E 1/2 OF SE 1/4 RUN S 120.16 FT TO NELY R/W OF MEMORIAL HWY S 43 DEG 26 MIN E 200 FT TO NLY R/W OF MOHR LOOP N 9 DEG 12 MIN E 240 FT N 80 DEG 48 MIN W 178.16 TO POB
Tax Annual Amount
14756
Legal Description
TRACT BEG 556.11 FT S OF NW COR OF E 1/2 OF SE 1/4 RUN S 120.16 FT TO NELY R/W OF MEMORIAL HWY S 43 DEG 26 MIN E 200 FT TO NLY R/W OF MOHR LOOP N 9 DEG 12 MIN E 240 FT N 80 DEG 48 MIN W 178.16 TO POB
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Well
Building Details
Year built
1986
Number of units
4
Building materials
Stucco
Roof type
Shingle
Listing Agency:
PEOPLE'S CHOICE REALTY SVC LLC
(813) 933-0677
Listed By:
Carlos Patino · License #3282706
(813) 446-1704
Added: Dec 6, 2024
Changed: Sep 2
Last Checked: Sep 8 at 8:06PM
MLS# TB8327403
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 4-unit quadplex contains 4,632 square feet on a 0.74-acre parcel and was built in 1986. The unit mix includes two residences with 4 bedrooms and 3 bathrooms each, plus two residences with 3 bedrooms and 3 bathrooms each. Recent improvements include remodeled kitchens with granite counters, stainless steel appliances, new bathrooms, plumbing updates, central air systems, tile flooring, fresh stucco, paint, and concrete work. Interior features include high ceilings and ceiling fans, while one unit includes a balcony.
The property is located at 5802 MOHR Loop in Tampa, Florida, near Downtown Tampa, Tampa General Hospital, Tampa International Airport, Clearwater, and St. Pete beaches. Shopping, dining, and entertainment are also identified in the surrounding area. The property is zoned PD and includes open and on-street parking, electric central heating, a shingle roof, well water, and a septic tank.
The property is located at 5802 MOHR Loop in Tampa, Florida, near Downtown Tampa, Tampa General Hospital, Tampa International Airport, Clearwater, and St. Pete beaches. Shopping, dining, and entertainment are also identified in the surrounding area. The property is zoned PD and includes open and on-street parking, electric central heating, a shingle roof, well water, and a septic tank.
Key Highlights
- 4‑unit quadplex with two 4‑bedroom/3‑bath units and two 3‑bedroom/3‑bath units
- 4,632 square feet on 0.74 acres
- Remodeled kitchens with granite counters and stainless steel appliances
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
$54,067
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
4.19%
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%
$1,081,340
$1.1M
Cap Rate 7%
$772,386
$772.4K
Cap Rate 9%
$600,744
$600.7K
Market Conditions
NOI Build-Up for 4,632 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
$82.8K $17.88/SF
− Vacancy
−$5.6K −$1.21/SF
EGI
$77.2K $16.67/SF
− OpEx
−$23.2K −$5.00/SF
NOI
$54.1K $11.67/SF
Area
ZIP 33615
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%
$1,081,340
Cap Rate 7%
$772,386
Cap Rate 9%
$600,744
Alternative Uses
Best Use
Multifamily LT 5
$772.4K
$675.8K – $901.1K
NOI $54,067 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$718.1K
$628.4K – $837.8K
NOI $50,269 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$1.44M
$1.26M – $1.69M
NOI $101,121 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
Explore this area
Business Placement
Demographics for 33615, FL
47,434
Population
20,543
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
90%
High-School Grad
8.6 sq mi
ZIP Area
5,516
Density / Sq Mi
$66,257
Median Household Income
$38,858
Median Earnings
$1,586
Median Rent
$291,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Updated four-unit residential income property with remodeled kitchens, new bathrooms, central air systems, and refreshed exterior finishes.
Where is this quadplex located?
The property is located at 5802 MOHR Loop Tampa, FL.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: 4‑unit quadplex with two 4‑bedroom/3‑bath units and two 3‑bedroom/3‑bath units; 4,632 square feet on 0.74 acres; Remodeled kitchens with granite counters and stainless steel appliances
