Updated Duplex with Private
New
For Sale
$430,000
11301 110th Terrace, Largo, FL 33778
Two-unit property with refreshed interiors, separate fenced outdoor areas, and a flexible Florida room in one residence.
Property Size1,592 SF
Price / SF$270.10
Days on Market2
Property Features for 11301 110th Terrace
General Information
Standard status
Active
Size
1,592 SF
Property subtype
Multi-Family
Units
Unit Mix
3BR/2BA, 1BR/1BA
Multifamily Units
2
Amenities
fenced backyard
Florida room
Building Details
Year Built
1970
Buildings
1
Listing Agency:
CHARLES RUTENBERG REALTY INC
Listed By:
Brett Tesney · License #3070433
(727) 482-3944
Source:
Flflourish
Added: Sep 14
Last Checked: Sep 14 at 2:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CHARLES RUTENBERG REALTY INC
Investment Insights
Based on property information with market context.
This 1,592-square-foot duplex, built in 1970, combines a three-bedroom, two-bath residence with a one-bedroom, one-bath unit. The larger home includes tiled flooring, a recently painted interior, updated bathrooms, and a Florida room that can serve as office, exercise, or dining space. Its kitchen features brown cabinetry, while each unit has its own fenced backyard.
The property is at 11301 110th Terrace in Largo, Florida, near Seminole Mall, St. Pete College, and Walsingham Park. The beaches are also a short distance away. With two separately configured residences and private outdoor space for both units, the layout supports a straightforward residential rental setup.
The property is at 11301 110th Terrace in Largo, Florida, near Seminole Mall, St. Pete College, and Walsingham Park. The beaches are also a short distance away. With two separately configured residences and private outdoor space for both units, the layout supports a straightforward residential rental setup.
Key Highlights
- Duplex with 1,592 square feet of total property size
- Unit mix includes 3 bedrooms and 2 baths, plus 1 bedroom and 1 bath
- Both residences have separately fenced backyards
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
$18,582
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
4.32%
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%
$371,640
$371.6K
Cap Rate 7%
$265,457
$265.5K
Cap Rate 9%
$206,467
$206.5K
Market Conditions
NOI Build-Up for 1,592 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
$28.5K $17.88/SF
− Vacancy
−$1.9K −$1.21/SF
EGI
$26.5K $16.67/SF
− OpEx
−$8.0K −$5.00/SF
NOI
$18.6K $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%
$371,640
Cap Rate 7%
$265,457
Cap Rate 9%
$206,467
Alternative Uses
Best Use
Multifamily LT 5
$265.5K
$232.3K – $309.7K
NOI $18,582 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$209.2K
$183.0K – $244.0K
NOI $14,642 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$414.1K
$362.3K – $483.1K
NOI $28,986 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
670
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
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 - Two-unit property with refreshed interiors, separate fenced outdoor areas, and a flexible Florida room in one residence.
Where is this duplex located?
The property is located at 11301 110th Terrace Largo, FL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Duplex with 1,592 square feet of total property size; Unit mix includes 3 bedrooms and 2 baths, plus 1 bedroom and 1 bath; Both residences have separately fenced backyards
