6-Unit Short-Term Rental
For Sale
$2,500,000
13612 N 21ST Street, Tampa, FL 33613
Commercial Sale, TAMPA, FL
Property Size7,176 SF
Lot Size0.40 Acres
Price / SF$348.38
Days on Market114
Property Features for 13612 N 21ST Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
UCA-NHO
Subdivision
HAMNERS W E TOWERING PINES
Directions
13612 N 21st St. Tampa Fl 33613
Standard status
Active
APN
U-06-28-19-1GI-000003-00003.0
Size
7,176 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HAMNER'S W E TOWERING PINES LOT 3 BLOCK 3
Tax Annual Amount
20811
Legal Description
HAMNER'S W E TOWERING PINES LOT 3 BLOCK 3
Utilities
Cooling system
Central Air
Amenities
private parking
vinyl privacy fencing
low-maintenance turf
dedicated courtyard areas
keyless entry
modern appliances
weather-resistant landscaping
Building Details
Year built
2008
Floors in Building
2
Number of units
6
Building materials
Stucco
Listing Agency:
STAR BAY REALTY CORP.
(813) 533-6467
Listed By:
Simmi Mishra · License #3490357
(813) 530-5733
Added: May 8
Changed: Aug 24
Last Checked: Aug 29 at 4:06AM
MLS# TB8506736
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 short-term rental property comprises two modern duplex-style buildings with six units totaling 7,176 square feet. The multi-level interiors feature luxury vinyl flooring, recessed lighting, contemporary fixtures, and modern appliances. Central air, stucco construction, and weather-resistant landscaping support the property’s operating configuration. Private parking is located behind the buildings, while vinyl fencing, turf areas, and separate courtyards provide defined outdoor space for occupants. Keyless entry is also installed across the property.
The 0.4-acre site is located at 13612 N 21ST Street in Tampa, within Hillsborough County and ZIP Code 33613. The property is near the University of South Florida, Busch Gardens, Adventure Island, the VA, and Moffitt Cancer Center. Zoning is UCA-NHO, and the buildings were constructed in 2008.
The 0.4-acre site is located at 13612 N 21ST Street in Tampa, within Hillsborough County and ZIP Code 33613. The property is near the University of South Florida, Busch Gardens, Adventure Island, the VA, and Moffitt Cancer Center. Zoning is UCA-NHO, and the buildings were constructed in 2008.
Key Highlights
- 6 units across two duplex‑style buildings
- 7,176 SF of total property size on 0.4 acres
- Multi‑level layouts with luxury vinyl flooring and recessed lighting
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
$77,878
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
3.12%
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%
$1,557,560
$1.6M
Cap Rate 7%
$1,112,543
$1.1M
Cap Rate 9%
$865,311
$865.3K
Market Conditions
NOI Build-Up for 7,176 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
$152.4K $21.24/SF
− Vacancy
−$10.8K −$1.51/SF
EGI
$141.6K $19.73/SF
− OpEx
−$63.7K −$8.88/SF
NOI
$77.9K $10.85/SF
Area
Tampa, FL
Vacancy
7.10%
Lease Rate
$21.24 /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%
$1,557,560
Cap Rate 7%
$1,112,543
Cap Rate 9%
$865,311
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$973.5K – $1.30M
NOI $77,878 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,026 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 33613, FL
38,801
Population
17,686
Households
2.2
Avg Household Size
30
Median Age
29%
College-Educated
84%
High-School Grad
7.4 sq mi
ZIP Area
5,243
Density / Sq Mi
$44,642
Median Household Income
$30,911
Median Earnings
$1,178
Median Rent
$219,700
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?
Short term rental property - Two modern buildings offer townhouse-style layouts, private rear parking, courtyards, and keyless entry.
Where is this short term rental property located?
The property is located at 13612 N 21ST Street Tampa, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 6 units across two duplex‑style buildings; 7,176 SF of total property size on 0.4 acres; Multi‑level layouts with luxury vinyl flooring and recessed lighting
