Historic Duplex with Guest
For Sale
$499,900
210 W FLORIBRASKA AVENUE, Tampa, FL 33603
Two distinct living areas, a detached garage, and a private landscaped yard support flexible residential income use.
Property Size2,000 SF
Price / SF$249.95
Days on Market10
Property Features for 210 W FLORIBRASKA AVENUE
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
private backyard
paved patio
detached garage
lush landscaping
washer/dryer hookups
Building Details
Year Built
1920
Buildings
2
Listing Agency:
TIME INTERNATIONAL REALTY
(786) 366-2016
Listed By:
Maricruz Medina · License #3399920
(904) 687-7876
Source:
Endlesssummerrealty
Added: Sep 1
Changed: Sep 9
Last Checked: Sep 10 at 5:44AM
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 TIME INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This 1920-built duplex combines a 1,196-square-foot two-bedroom, one-bath main residence with an 804-square-foot detached one-bedroom, one-bath guest suite, totaling 2,000 square feet. The primary home retains original hardwood floors, crown molding, and craftsman built-ins, while the recently renovated secondary unit includes new flooring, an open kitchen, a walk-in closet, a flex room with built-in shelving, and its own electric meter. A 2020 HVAC and ductwork installation serves both units, with blown-in insulation added the same year. A 2021 gas water heater and washer and dryer hookups add further utility.
Outdoor features include a shaded private yard, paved patio, and detached garage suitable for workshop, studio, or storage use. The property is near Armature Works, Woven Water Brewing Co., Angry Chair Brewing, Shuffle, the Tampa Riverwalk, Downtown, Water Street, Ybor City, Amalie Arena, Raymond James Stadium, and the Westshore Business District. I-275, I-4, and Tampa International Airport provide regional connectivity.
Outdoor features include a shaded private yard, paved patio, and detached garage suitable for workshop, studio, or storage use. The property is near Armature Works, Woven Water Brewing Co., Angry Chair Brewing, Shuffle, the Tampa Riverwalk, Downtown, Water Street, Ybor City, Amalie Arena, Raymond James Stadium, and the Westshore Business District. I-275, I-4, and Tampa International Airport provide regional connectivity.
Key Highlights
- 2,000 total square feet across a 1,196‑square‑foot main home and 804‑square‑foot detached suite
- Main residence includes 2 bedrooms, 1 bathroom, original hardwood floors, crown molding, and craftsman built‑ins
- Detached 1/1 suite has a separate electric meter, open kitchen, walk‑in closet, and flex room
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
$23,345
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
4.67%
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%
$466,900
$466.9K
Cap Rate 7%
$333,500
$333.5K
Cap Rate 9%
$259,389
$259.4K
Market Conditions
NOI Build-Up for 2,000 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
$35.8K $17.88/SF
− Vacancy
−$2.4K −$1.21/SF
EGI
$33.3K $16.67/SF
− OpEx
−$10.0K −$5.00/SF
NOI
$23.3K $11.67/SF
Area
Tampa, 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%
$466,900
Cap Rate 7%
$333,500
Cap Rate 9%
$259,389
Alternative Uses
Best Use
Multifamily LT 5
$333.5K
$291.8K – $389.1K
NOI $23,345 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$310.1K
$271.3K – $361.8K
NOI $21,705 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$465.9K
$407.7K – $543.6K
NOI $32,616 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Explore this area
Business Placement
Demographics for 33603, FL
19,070
Population
9,592
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
4.1 sq mi
ZIP Area
4,651
Density / Sq Mi
$64,632
Median Household Income
$43,136
Median Earnings
$1,320
Median Rent
$344,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Duplex - Two distinct living areas, a detached garage, and a private landscaped yard support flexible residential income use.
Where is this duplex located?
The property is located at 210 W FLORIBRASKA AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,000 total square feet across a 1,196‑square‑foot main home and 804‑square‑foot detached suite; Main residence includes 2 bedrooms, 1 bathroom, original hardwood floors, crown molding, and craftsman built‑ins; Detached 1/1 suite has a separate electric meter, open kitchen, walk‑in closet, and flex room
