Waterfront Home in 55+
For Sale
$234,900
126 W SAINT JOHNS Way, Apollo Beach, FL 33572
Move-in ready, fully furnished 2-bedroom home with waterfront views.
Property Size1,012 SF
Lot Size0.19 Acres
Days on Market268
Property Features for 126 W SAINT JOHNS Way
General Information
Standard status
Active
Size
1,012 SF
Lot size
0.19 Acres
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$1,968
Building Details
Building Size
1,012 SF
Year Built
1992
Stories
1
Listing Agency:
Keller Williams Realty
(407) 718-3178
Listed By:
Judith Martin · License #3411487
(407) 718-3178
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 9
Last Checked: Aug 23 at 8:35AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This fully furnished, move-in-ready 2-bedroom, 2-bath home is located in the 55+ community of Caribbean Isles Residential Cooperative. The property features a new roof and low-maintenance river rock landscaping. An enclosed screened-in porch overlooks the canal, which leads to Tampa Bay. A large deck is suitable for sunsets and dolphin watching. The primary suite opens directly to the deck. The monthly maintenance fee covers professional management, a heated pool, a lagoon park, and a clubhouse.
Key Highlights
- Key waterfront lot with direct canal access to Tampa Bay.
- No lot rent and no CDD in a resort‑style 55+ community.
- Move‑in ready and fully furnished 2‑bedroom, 2‑bath home.**
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
$9,307
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
3.96%
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%
$186,140
$186.1K
Cap Rate 7%
$132,957
$133.0K
Cap Rate 9%
$103,411
$103.4K
Market Conditions
NOI Build-Up for 1,012 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
$18.2K $18.00/SF
− Vacancy
−$1.3K −$1.28/SF
EGI
$16.9K $16.72/SF
− OpEx
−$7.6K −$7.52/SF
NOI
$9.3K $9.20/SF
Area
Hillsborough County, FL
Vacancy
7.10%
Lease Rate
$18.00 /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%
$186,140
Cap Rate 7%
$132,957
Cap Rate 9%
$103,411
Alternative Uses
Best Use
Apartment 5plus
$133.0K
$116.3K – $155.1K
NOI $9,307 @ 7.0% cap · market cap 3.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$293.1K
$256.5K – $341.9K
NOI $20,516 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Explore this area
Business Placement
Demographics for 33572, FL
22,395
Population
10,394
Households
2.2
Avg Household Size
47
Median Age
45%
College-Educated
97%
High-School Grad
13.1 sq mi
ZIP Area
1,710
Density / Sq Mi
$113,775
Median Household Income
$59,262
Median Earnings
$2,057
Median Rent
$430,900
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?
Mobile home & RV park - Move-in ready, fully furnished 2-bedroom home with waterfront views.
Where is this mobile home & rv park located?
The property is located at 126 W SAINT JOHNS Way Apollo Beach, FL.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Key waterfront lot with direct canal access to Tampa Bay.; No lot rent and no CDD in a resort‑style 55+ community.; Move‑in ready and fully furnished 2‑bedroom, 2‑bath home.**
