Residential Income
245 RED MAPLE PLACE, Brandon, FL 33510
For Sale
New
$109,900
Located in a gated community with pool areas, tennis courts, a clubhouse, and an exercise facility.
Property Size648 SF
Price / SF$169.60
Days on Market6
Property Features for 245 RED MAPLE PLACE
General Information
Standard status
Size
Property subtype
Amenities
gated access
pool areas
exercise facility
multiple laundry facilities
tennis courts
clubhouse
Building Details
Year Built
Listing Agency:
PHILLIP SCOTT MANAGEMENT & INV
(727) 712-6073
Listed By:
Angela Mason · License #3583556
(727) 608-7203
Source:
Endlesssummerrealty
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 6:20AM
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 PHILLIP SCOTT MANAGEMENT & INV
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Investment Insights
Based on property information with market context.
This residential income property is part of a gated community in Brandon. Community amenities include pool areas, tennis courts, an exercise facility, multiple laundry facilities, and a clubhouse. The property was built in 1985.
The community is in Brandon, with shopping centers, restaurants, recreational facilities, hospitals, and schools cited in the surrounding area. Tampa is also noted as a short commute away, with Tampa International Airport, Raymond James Stadium, and Amalie Arena among the listed destinations.
The community is in Brandon, with shopping centers, restaurants, recreational facilities, hospitals, and schools cited in the surrounding area. Tampa is also noted as a short commute away, with Tampa International Airport, Raymond James Stadium, and Amalie Arena among the listed destinations.
Key Highlights
- Gated community with pool areas, tennis courts, an exercise facility, multiple laundry facilities, and a clubhouse
- Built in 1985
- Located in Brandon, with shopping, restaurants, recreational facilities, hospitals, and schools cited nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,622
Cap Rate
6.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$152,440
$152.4K
Cap Rate 7%
$108,886
$108.9K
Cap Rate 9%
$84,689
$84.7K
Market Conditions
NOI Build-Up for 648 SF
Gross rent
$14.6K $22.56/SF
− Vacancy
−$760 −$1.17/SF
EGI
$13.9K $21.39/SF
− OpEx
−$6.2K −$9.62/SF
NOI
$7.6K $11.76/SF
Area
Brandon, FL
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$152,440
Cap Rate 7%
$108,886
Cap Rate 9%
$84,689
Alternative Uses
Best Use
Apartment 5plus
$108.9K
$95.3K – $127.0K
NOI $7,622 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$243.8K
$213.3K – $284.4K
NOI $17,064 @ 7.0% cap · market cap 15.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,485
Businesses Nearby
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Business Placement
Demographics for 33510, FL
30,049
Population
12,006
Households
2.5
Avg Household Size
38
Median Age
26%
College-Educated
89%
High-School Grad
7.6 sq mi
ZIP Area
3,954
Density / Sq Mi
$71,057
Median Household Income
$40,399
Median Earnings
$1,365
Median Rent
$274,600
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Hillsborough County, FL
Properties on Market for Residential income properties in Hillsborough County
Frequently Asked Questions
What type of property is this?
Residential income property - Located in a gated community with pool areas, tennis courts, a clubhouse, and an exercise facility.
Where is this residential income property located?
The property is located at 245 RED MAPLE PLACE Brandon, FL.
What is the asking price?
The asking price for this property is $109,900.
What are key features of this property?
This property features: Gated community with pool areas, tennis courts, an exercise facility, multiple laundry facilities, and a clubhouse; Built in 1985; Located in Brandon, with shopping, restaurants, recreational facilities, hospitals, and schools cited nearby
